Spot-On-Supplies (Hygiene) Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 7

Spot-On-Supplies (Hygiene) Limited

Company Information

Directors

Mr R M Moore Mrs J E Raban Mr B N Raban Mr D M Moore Mrs N Gidman Mrs F L Peschier

Registered office

80 Oxford Street Burnham-On-Sea Somerset TA8 1EF

Accountants

Westcotts 80 Oxford Street Burnham-On-Sea Somerset TA8 1EF

Spot-On-Supplies (Hygiene) Limited

(Registration number: 01652631)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	211,425	150,087
Current assets
Stocks	5	279,586	252,495
Debtors	6	352,693	411,754
Cash at bank and in hand		1,296,794	1,253,599
		1,929,073	1,917,848
Creditors: Amounts falling due within one year	7	(229,689)	(319,247)
Net current assets		1,699,384	1,598,601
Total assets less current liabilities		1,910,809	1,748,688
Provisions for liabilities		(32,187)	(23,485)
Net assets		1,878,622	1,725,203
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,878,522	1,725,103
Shareholders' funds		1,878,622	1,725,203

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 22 September 2025 and signed on its behalf by:
 

Mr B N Raban Director

Mr D M Moore Director

Spot-On-Supplies (Hygiene) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
80 Oxford Street
Burnham-On-Sea
Somerset
TA8 1EF

Principal activity

The principal activity of the company is the supply of cleaning and hygiene products.

The principal place of business is:
Elliot Road
Love Lane Industrial Estate
CIRENCESTER
Glos
GL7 1FH

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Spot-On-Supplies (Hygiene) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	- 2% straight line
Fixtures & fittings	- 25% straight line

Spot-On-Supplies (Hygiene) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Motor vehicles	- 15% straight line
Equipment	- 25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 10).

Spot-On-Supplies (Hygiene) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Leasehold improvement £	Fixtures and fittings £	Equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	81,836	54,575	42,913	140,590	319,914
Additions	-	-	-	105,983	105,983
Disposals	-	-	(7,787)	(94,719)	(102,506)
At 31 December 2024	81,836	54,575	35,126	151,854	323,391
Depreciation
At 1 January 2024	13,155	17,344	38,125	101,203	169,827
Charge for the year	1,696	7,392	1,900	32,012	43,000
Eliminated on disposal	-	-	(7,788)	(93,073)	(100,861)
At 31 December 2024	14,851	24,736	32,237	40,142	111,966
Carrying amount
At 31 December 2024	66,985	29,839	2,889	111,712	211,425
At 31 December 2023	68,681	37,231	4,788	39,387	150,087

5

Stocks

	2024 £	2023 £
Other inventories	279,586	252,495

6

Debtors

	2024 £	2023 £
Trade debtors	352,693	411,754
	352,693	411,754

Spot-On-Supplies (Hygiene) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	145,312	229,138
Taxation and social security	81,677	76,959
Accruals and deferred income	2,700	13,150
	229,689	319,247

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2024 £	2023 £
Not later than one year	49,000	49,000
Later than one year and not later than five years	196,000	196,000
	245,000	245,000

10	Related party transactions

Summary of transactions with all entities with joint control or significant interest

During the year the company sold goods amounting to £399,449 (2023 £354,926) to Spot On Supplies (Cleaning & Packaging) Limited and Spot On Supplies (Industrial Consumables) Limited. All transactions were completed on normal commercial terms. The company also paid management charges of £74,400 (2023 £77,920) to Spot On Supplies (Cleaning and Packaging) Limited, At the year end the company owed £1,521 to Spot On Supplies (Cleaning & Packaging) Limited and was owed £5,169 by Spot On Supplies (Industrial Consumables) Limited.