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Company Registration No. 08382082 (England and Wales)
Spitfire Electrical Services LTD Unaudited accounts for the year ended 31 March 2025
Spitfire Electrical Services LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Spitfire Electrical Services LTD Company Information for the year ended 31 March 2025
Director
Victor Fredrick Way
Company Number
08382082 (England and Wales)
Registered Office
203 West Street Fareham PO16 0EN England
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Spitfire Electrical Services LTD Accountants' report
Accountants' report to the director of Spitfire Electrical Services LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Spitfire Electrical Services LTD for the year ended 31 March 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Spitfire Electrical Services LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Spitfire Electrical Services LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spitfire Electrical Services LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Spitfire Electrical Services LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Spitfire Electrical Services LTD. You consider that Spitfire Electrical Services LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Spitfire Electrical Services LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 15 May 2025
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Spitfire Electrical Services LTD Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
11,156
12,678
Tangible assets
5
28,347
35,434
39,503
48,112
Current assets
Debtors
6
36,786
27,458
Cash at bank and in hand
17,274
22,438
54,060
49,896
Creditors: amounts falling due within one year
7
(53,630)
(52,782)
Net current assets/(liabilities)
430
(2,886)
Total assets less current liabilities
39,933
45,226
Creditors: amounts falling due after more than one year
8
(9,487)
(13,867)
Net assets
30,446
31,359
Capital and reserves
Called up share capital
9
11
11
Share premium
30,435
30,435
Profit and loss account
-
913
Shareholders' funds
30,446
31,359
For the year ending 31 March 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 15 May 2025 and were signed on its behalf by
Victor Fredrick Way Director Company Registration No. 08382082
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Spitfire Electrical Services LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Spitfire Electrical Services LTD is a private company, limited by shares, registered in England and Wales, registration number 08382082. The registered office is 203 West Street, Fareham, PO16 0EN, England.
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:
Motor vehicles
20% reducing balance method
Computer equipment
25% reducing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill - 5% straight line method
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
30,435
At 31 March 2025
30,435
Amortisation
At 1 April 2024
17,757
Charge for the year
1,522
At 31 March 2025
19,279
Net book value
At 31 March 2025
11,156
At 31 March 2024
12,678
- 6 -
Spitfire Electrical Services LTD Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
71,875
1,410
73,285
At 31 March 2025
71,875
1,410
73,285
Depreciation
At 1 April 2024
36,441
1,410
37,851
Charge for the year
7,087
-
7,087
At 31 March 2025
43,528
1,410
44,938
Net book value
At 31 March 2025
28,347
-
28,347
At 31 March 2024
35,434
-
35,434
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
16,419
10,465
Other debtors
20,367
16,993
36,786
27,458
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
1,851
2,658
Trade creditors
26,822
37,385
Taxes and social security
13,245
485
Other creditors
5,000
5,000
Loans from directors
-
290
Accruals
6,712
6,964
53,630
52,782
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
9,487
13,867
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10 B share capital of £1 each
10
10
11
11
- 7 -
Spitfire Electrical Services LTD Notes to the Accounts for the year ended 31 March 2025
10
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Victor Fredrick Way
Director loan account
(290)
(40,654)
(46,319)
5,375
(290)
(40,654)
(46,319)
5,375
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 8 -