ACCOUNTT - Pages for filing

Registered number: 12123344 (England & Wales)

	SPINK PROJECTS LIMITED
	DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2025

	Pages for Filing with Registrar


SPINK PROJECTS LIMITED

CONTENTS

	Page
Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 - 6


SPINK PROJECTS LIMITED

COMPANY INFORMATION

Director	Michael Spink


Registered number	12123344


Registered office	40 Queen Anne Street
	London
	W1G 9EL


Accountants	Lewis Golden LLP
	40 Queen Anne Street
	London
	W1G 9EL

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Registered number: 12123344 (England & Wales) SPINK PROJECTS LIMITED

BALANCE SHEET

AS AT 30 APRIL 2025

		2025		2024
Note		£		£


Current assets
Debtors	4	3,231,099		2,498,453
Cash at bank and in hand		194,906		21,784
		3,426,005		2,520,237
Creditors: amounts falling due within one year	5	(550,038)		(341,700)
Net current assets			2,875,967		2,178,537

Net assets			2,875,967		2,178,537

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		2,875,867	2,178,437
		2,875,967	2,178,537

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and the member has not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the Director's Report and Profit and Loss Account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the director:

Michael Spink

Director

Date: 22 October 2025

The notes on pages 3 to 6 form part of these financial statements.

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SPINK PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1.	General information

Spink Projects Limited is a private company limited by share capital, incorporated in England & Wales, registered number 12123344. The address of the registered office is 40 Queen Anne Street, London W1G 9EL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A - Small Entities of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

2.2

Going concern

The financial statements have been prepared on the going concern basis. The shareholder has provided notice that they will support the operational needs of the company for a period of at least twelve months from the date of approval of the financial statements, in order to allow the company to meet its liabilities as and when they fall due unless circumstances change in a manner such that it would or might no longer be open to them to provide such financial support.

2.3

Turnover recognition

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax.
Turnover and profit are recognised as followed:
Construction contracts
Turnover from construction contracts represents the value of the work carried out during the year, including amounts not invoiced.
(a) Design and build contracts - Turnover is recognised based on certification of the work performed, which is verified by qualified external surveyors. The amount of profit to be recognised is calculated based on the profit earned having regard to the expected total costs to complete the contract.
Profit is not recognised until the outcome of the contract is reasonably certain.
Provision is made for all known or expected losses on individual contracts as soon as such losses are identified.
Turnover in respect of all variations to contracts and incentive payments is recognised when it is probable that it will be agreed by the client.
(b) Cost plus contracts - Turnover is based on costs incurred to date plus any agreed fee. Profit is recognised on a constant margin throughout the life of the contract. Provision is made for any potential loss as soon as it is identified.

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SPINK PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.3

Turnover recognition (continued)

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Taxation

Tax is recognised in the Profit and Loss Account.

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

2.5

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

2.6

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price.

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SPINK PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.8

Financial instruments

The company only 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 and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Employees

The average number of employees, including the director, during the year was 1 (2024 - 1).

Debtors

					2025	2024
					£	£


Trade debtors	456,443	338,467
Other debtors	2,774,656	2,159,986
	3,231,099	2,498,453

5.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	9,126	6,592
Corporation tax	232,591	25,000
Other creditors	308,321	310,108
	550,038	341,700

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SPINK PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

6.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

7.	Related party transactions

The company is not required to disclose transactions with entities under common ownership, in accordance with FRS 102, Section 1A.

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