REGISTERED NUMBER: 04638691 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

SPS Training Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M P Shah

REGISTERED OFFICE:

Suite 16 Beaufort Court

Admirals Way

South Quay

Docklands

London

E14 9XL

REGISTERED NUMBER:

04638691 (England and Wales)

ACCOUNTANTS:

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

FIXED ASSETS

Property, plant and equipment

4

14,561

15,416

CURRENT ASSETS

Debtors

5

441,075

361,434

Cash at bank

283,270

197,508

724,345

558,942

CREDITORS

Amounts falling due within one year

6

221,032

167,828

NET CURRENT ASSETS

503,313

391,114

TOTAL ASSETS LESS CURRENT LIABILITIES

517,874

406,530

CREDITORS

Amounts falling due after more than one year

7

113,522

3,523

NET ASSETS

404,352

403,007

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

404,252

402,907

SHAREHOLDERS' FUNDS

11

404,352

403,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2025 and were signed by:

M P Shah - Director

1.	STATUTORY INFORMATION

SPS Training Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

There is a charge by National Westminster Bank PLC on company dated 20/02/2020.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net invoiced sales of services excluding value added tax. Income is recognised as services are performed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 23 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2024

240,204

Additions

9,753

At 31 March 2025

249,957

DEPRECIATION

At 1 April 2024

224,788

Charge for year

10,608

At 31 March 2025

235,396

NET BOOK VALUE

At 31 March 2025

14,561

At 31 March 2024

15,416

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

263,292

222,228

Other debtors

61,434

39,328

324,726

261,556

Amounts falling due after more than one year:

Amounts owed by group undertakings

116,349

99,878

Aggregate amounts

441,075

361,434

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

111,488

73,673

Tax

37,395

26,573

Social security and other taxes

10,400

10,914

VAT

-

4,061

Other creditors

22,310

26,216

Pension fund

2,624

1,881

Directors' current accounts

102

3,460

Accrued expenses

36,713

21,050

221,032

167,828

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to group undertakings

113,522

3,523

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

42,480

25,460

Between one and five years

84,960

47,300

127,440

72,760

The above relates to the total costs the company has committed to for operating leases for the next 5 years.

9.	RELATED PARTY DISCLOSURES

Stad Investments Limited ("SIL")

Parent company

During the year the company declared dividends of £110,000 (2024 - £50,000) to SIL.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M P Shah.

The ultimate controlling party continues to be M Shah, who is a director of the parent company "SIL", and holds 75% of the ordinary share capital.

11.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

31.3.25

31.3.24

£

£

Profit for the financial year

111,345

93,304

Dividends

(110,000

)

(50,000

)

Net addition to shareholders' funds

1,345

43,304

Opening shareholders' funds

403,007

359,703

Closing shareholders' funds

404,352

403,007