SPANGAP LIMITED

Company Registration Number:
03661343 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

SPANGAP LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

SPANGAP LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 234,602 297,351
Total fixed assets: 234,602 297,351
Current assets
Stocks: 5,875 5,500
Debtors:   244,266 231,893
Cash at bank and in hand: 23,797 63,442
Total current assets: 273,938 300,835
Creditors: amounts falling due within one year:   (166,714) (167,365)
Net current assets (liabilities): 107,224 133,470
Total assets less current liabilities: 341,826 430,821
Creditors: amounts falling due after more than one year:   (40,012) (61,837)
Provision for liabilities: (43,586) (55,292)
Total net assets (liabilities): 258,228 313,692
Capital and reserves
Called up share capital: 7,500 7,500
Profit and loss account: 250,728 306,192
Shareholders funds: 258,228 313,692

The notes form part of these financial statements

SPANGAP LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 September 2025
and signed on behalf of the board by:

Name: I Thompson
Status: Director

The notes form part of these financial statements

SPANGAP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each assets over its estimated useful life: Plant & Machinery - 15% reducing balance Motor Vehicles - 20% reducing balance

SPANGAP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 23 21

SPANGAP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 890,512
Disposals (55,000)
At 31 December 2024 835,512
Depreciation
At 01 January 2024 593,161
Charge for year 57,828
On disposals (50,079)
At 31 December 2024 600,910
Net book value
At 31 December 2024 234,602
At 31 December 2023 297,351

Included within the net book value of £234,602 is £75,400 (2023 £94,250) relating to assets held under hire purchase agreements. The depreciation charged to the accounts in the year in respect of such assets amounted to £18,850 (2023 £3,250)