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2024-06-30 03104537 dpl:GroupUndertakings 2023-07-01 2024-06-30 03104537 dpl:ParticipatingInterests 2023-07-01 2024-06-30 03104537 dpl:GroupUndertakings core:ListedExchangeTraded 2023-07-01 2024-06-30 03104537 core:ListedExchangeTraded 2023-07-01 2024-06-30 03104537 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-07-01 2024-06-30 03104537 core:UnlistedNon-exchangeTraded 2023-07-01 2024-06-30 03104537 core:NetGoodwill 2025-06-30 03104537 core:IntangibleAssetsOtherThanGoodwill 2025-06-30 03104537 core:LandBuildings 2025-06-30 03104537 core:PlantMachinery 2025-06-30 03104537 core:Vehicles 2025-06-30 03104537 core:FurnitureFittings 2025-06-30 03104537 core:OfficeEquipment 2025-06-30 03104537 core:AfterOneYear 2025-06-30 03104537 core:WithinOneYear 2025-06-30 03104537 core:ListedExchangeTraded 2025-06-30 03104537 core:UnlistedNon-exchangeTraded 2025-06-30 03104537 core:ShareCapital 2025-06-30 03104537 core:SharePremium 2025-06-30 03104537 core:RevaluationReserve 2025-06-30 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SPACE PRODUCTIV LIMITED

Registered Number
03104537
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2025

SPACE PRODUCTIV LIMITED
Company Information
for the year from 1 July 2024 to 30 June 2025

Directors | HIBBERD, Darren
| WILSON, Arthur Otterburn

Company Secretary | WILSON, Caroline

Registered Address | Unit 8 Castlefields Industrial Estate
| Castlefields Road
| Bingley
| BD16 2AG

Registered Number | 03104537 (England and Wales)

SPACE PRODUCTIV LIMITED
Statement of Financial Position
30 June 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 493,275 |  |  |  | 531,600
|  |  |  | 493,275 |  |  |  | 531,600
Current assets |  |  |  |  |  |  |  |
Stocks | 4 | 120,496 |  |  |  | 157,990 |  |
Debtors | 5 | 972,395 |  |  |  | 798,751 |  |
Cash at bank and on hand |  | 205,761 |  |  |  | 273,658 |  |
|  | 1,298,652 |  |  |  | 1,230,399 |  |
Creditors amounts falling due within one year | 6 | (887,509) |  |  |  | (972,212) |  |
Net current assets (liabilities) |  |  |  | 411,143 |  |  |  | 258,187
Total assets less current liabilities |  |  |  | 904,418 |  |  |  | 789,787
Creditors amounts falling due after one year | 7 |  |  | - |  |  |  | (3,939)
Provisions for liabilities |  |  |  | (16,000) |  |  |  | (22,000)
Net assets |  |  |  | 888,418 |  |  |  | 763,848
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 7,335 |  |  |  | 7,335
Profit and loss account |  |  |  | 881,083 |  |  |  | 756,513
Shareholders' funds |  |  |  | 888,418 |  |  |  | 763,848

- The company was entitled to exemption from audit for this reporting period 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.
- 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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2025, and are signed on its behalf by:
WILSON, Arthur Otterburn Director Registered Company No. 03104537

SPACE PRODUCTIV LIMITED
Notes to the Financial Statements
for the year ended 30 June 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Basis of preparation
--- | ---
| The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Going concern
--- | ---
| The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

| Employee benefits
--- | ---
| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Research and development
--- | ---
| In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%) |  | Straight line (years)
| Land and buildings | - |  | 40
| Plant and machinery | 20 |  | -
| Fixtures and fittings | 20 |  | -
| Vehicles | - |  | 4
| Office Equipment | - |  | 3

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term. Where the company is a lessor rental income from operating leases is credited to the Income Statement on a straight line basis over the lease term.

| Stocks and work in progress
--- | ---
| Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.

| Financial instruments
--- | ---
| The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Government grants or assistance
--- | ---
| Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 33 |  | 43

3. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Plant & machinery |  | Fixtures & fittings |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 July 24 | 443,068 |  | 569,418 |  | 60,097 |  | 46,653 |  | 1,119,236
| Additions | 1,175 |  | 23,532 |  | 1,358 |  | 302 |  | 26,367
| At 30 June 25 | 444,243 |  | 592,950 |  | 61,455 |  | 46,955 |  | 1,145,603
| Depreciation and impairment
| At 01 July 24 | 72,494 |  | 442,942 |  | 35,217 |  | 36,983 |  | 587,636
| Charge for year | 18,597 |  | 34,525 |  | 6,481 |  | 5,089 |  | 64,692
| At 30 June 25 | 91,091 |  | 477,467 |  | 41,698 |  | 42,072 |  | 652,328
| Net book value
| At 30 June 25 | 353,152 |  | 115,483 |  | 19,757 |  | 4,883 |  | 493,275
| At 30 June 24 | 370,574 |  | 126,476 |  | 24,880 |  | 9,670 |  | 531,600

| The net book value of assets on hire purchase was £42,762 (2024 - £60,848).

4. | Stocks
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Raw materials and consumables | 72,271 |  | 74,723
| Work in progress | 48,225 |  | 83,267
| Total | 120,496 |  | 157,990

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 683,725 |  | 579,673
| Amounts owed by group undertakings | 88,768 |  | 90,061
| Other debtors | - |  | 32,765
| Prepayments and accrued income | 199,902 |  | 96,252
| Total | 972,395 |  | 798,751

| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 559,628 |  | 641,018
| Taxation and social security | 51,608 |  | 88,479
| Finance lease and HP contracts | 3,939 |  | 7,857
| Other creditors | 16,472 |  | 16,360
| Accrued liabilities and deferred income | 255,862 |  | 218,498
| Total | 887,509 |  | 972,212

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The following liabilities, disclosed under creditors, amounts falling due within one year, are secured by the company: HP Contracts £3,939 (2024 - £7,857) Finance lease and HP contracts are secured on the assets to which they relate.

7. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other creditors | - |  | 3,939
| Total | - |  | 3,939

| Finance lease and HP contracts equal to £Nil (2024 - £3,939) are included within other creditors and are secured against the assets to which they relate.

8. | Pension commitments
--- | ---
| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds. The staff pension cost charge represents contributions payable by the company to the fund and amounted to £51,592 (2024 - £51,993). The director pension cost charge amounted to £2,201 (2024 - £68,988). At the balance sheet date £6,764 (2024 - £47,158) was outstanding and included in creditors.

9. | Other commitments
--- | ---
| At 30 June 2025 the company had future minimum lease payments under non-cancellable operating leases for each of the following periods: Due under 1 year - £116,250 (2024 - £43,333) Due later than 1 year but not later than 5 years - £290,625 (2024 - £140,000) Later then 5 years - £Nil (2024 - £14,095)

10. | Contingent liabilities
--- | ---
| Following an accident which occurred during the year ending 30 June 2021, the Company became subject to an enquiry by the Health and Safety Executive (HSE). The enquiry is still ongoing at the date of this report, and there is no certainty as to the likelihood, the timing or potential quantum of any financial outflows. It is therefore premature to make any estimation of the financial impact of the claim beyond stating that there may be a contingent liability.

11. | Related party transactions
--- | ---
| Included within debtors, is an amount due from Wilson Industries Limited, the parent company of Space Productiv Limited, of £88,768 (2024 - £90,061). The balance is interest free and repayable on demand.

12. | Parent-subsidiary relationships
--- | ---
| As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone. The company is a wholly owned subsidiary of Wilson Industries Limited, a company incorporated in the United Kingdom and registered in England and Wales.