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Company Registration No. 04918271 (England and Wales)
Spec Builders Limited Unaudited accounts for the year ended 31 October 2025
Spec Builders Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Spec Builders Limited Company Information for the year ended 31 October 2025
Director
M C Sharp
Company Number
04918271 (England and Wales)
Registered Office
2-3 Stable Court Herriard Park Herriard Hampshire RG25 2PL
Accountants
Black & White Chartered Certified Accountants The Well House 4 Herriard Park Basingstoke Hampshire RG25 2PL
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Spec Builders Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
31,337
41,782
Current assets
Cash at bank and in hand
122,979
134,534
Creditors: amounts falling due within one year
5
(129,688)
(34,391)
Net current (liabilities)/assets
(6,709)
100,143
Total assets less current liabilities
24,628
141,925
Provisions for liabilities
Deferred tax
(6,161)
(6,161)
Net assets
18,467
135,764
Capital and reserves
Called up share capital
100
100
Profit and loss account
18,367
135,664
Shareholders' funds
18,467
135,764
For the year ending 31 October 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2025 and were signed on its behalf by
M C Sharp Director Company Registration No. 04918271
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Spec Builders Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Spec Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 04918271. The registered office is 2-3 Stable Court, Herriard Park, Herriard, Hampshire, RG25 2PL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
33.3% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Spec Builders Limited Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 November 2024
149,776
1,683
151,459
At 31 October 2025
149,776
1,683
151,459
Depreciation
At 1 November 2024
107,994
1,683
109,677
Charge for the year
10,445
-
10,445
At 31 October 2025
118,439
1,683
120,122
Net book value
At 31 October 2025
31,337
-
31,337
At 31 October 2024
41,782
-
41,782
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
1,434
6,002
Obligations under finance leases and hire purchase contracts
-
2,378
Trade creditors
18,161
18,161
Taxes and social security
-
(341)
Loans from directors
108,698
6,866
Accruals
1,395
1,325
129,688
34,391
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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