REGISTERED NUMBER: 06538177 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

SP3 PLUS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Dalton

S Dalton

SECRETARY:

J Dalton

REGISTERED OFFICE:

Shadwell House

65 Lower Green Road

Tunbridge Wells

Kent

TN4 8TW

REGISTERED NUMBER:

06538177 (England and Wales)

ACCOUNTANTS:

Peter Hodgson & Co.

Chartered Accountants

Shadwell House

65 Lower Green Road

Tunbridge Wells

Kent

TN4 8TW

FIXED ASSETS

Tangible assets

4

3,822

4,140

CURRENT ASSETS

Stocks

5

26,970

41,336

Debtors

6

37,180

29,114

Cash at bank

31,801

14,568

95,951

85,018

CREDITORS

Amounts falling due within one year

7

53,211

36,480

NET CURRENT ASSETS

42,740

48,538

TOTAL ASSETS LESS CURRENT LIABILITIES

46,562

52,678

PROVISIONS FOR LIABILITIES

8

726

787

NET ASSETS

45,836

51,891

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

45,834

51,889

SHAREHOLDERS' FUNDS

45,836

51,891

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 directors acknowledge their 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 Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

J Dalton - Director

1.	STATUTORY INFORMATION

SP3 PLUS LTD 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.

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.

Significant judgements and estimates

There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Financial instruments

Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Functional currency

The functional currency used by the company is £ Sterling.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

8,855

4,195

13,050

Additions

239

716

955

At 31 March 2025

9,094

4,911

14,005

DEPRECIATION

At 1 April 2024

5,833

3,077

8,910

Charge for year

815

458

1,273

At 31 March 2025

6,648

3,535

10,183

NET BOOK VALUE

At 31 March 2025

2,446

1,376

3,822

At 31 March 2024

3,022

1,118

4,140

5.

STOCKS

2025

2024

£

£

Stocks

26,970

41,336

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

37,180

29,114

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

19,697

15,967

Tax

17,667

10,161

VAT & social security

11,426

6,123

Directors' current accounts

3,191

3,029

Accrued expenses

1,230

1,200

53,211

36,480

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

726

787

Deferred

tax

£

Balance at 1 April 2024

787

Provided during year

(61

)

Balance at 31 March 2025

726

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary shares

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1 April 2024

51,889

Profit for the year

39,129

Dividends

(45,184

)

At 31 March 2025

45,834

11.	ULTIMATE CONTROLLING PARTY

The company was controlled by the directors who own 100% of the share capital.