SPH Property Services (GY) Limited

Registered number

07974802

Filleted Accounts

31 March 2025

SPH Property Services (GY) Limited
Registered number:		07974802
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		557			714

Current assets
Stocks		4,852			4,551
Debtors	4	4,177			1,413
Cash at bank and in hand		5,296			8,497
		14,325			14,461

Creditors: amounts falling due within one year	5	(12,510)			(15,684)

Net current assets/(liabilities)			1,815			(1,223)

Total assets less current liabilities			2,372			(509)

Creditors: amounts falling due after more than one year	6		(667)			(4,417)

Provisions for liabilities			(225)			(225)


Net assets/(liabilities)			1,480			(5,151)

Capital and reserves
Called up share capital			2			2
Profit and loss account			1,478			(5,153)

Shareholders' funds			1,480			(5,151)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Hickson
Director
Approved by the board on 12 December 2025

SPH Property Services (GY) Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised according to the date on which the services are provided.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures and equipment	20% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		2


3	Tangible fixed assets
		Fixtures and equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	2,969		5,500		8,469
	At 31 March 2025	2,969		5,500		8,469

	Depreciation
	At 1 April 2024	2,564		5,191		7,755
	Charge for the year	80		77		157
	At 31 March 2025	2,644		5,268		7,912

	Net book value
	At 31 March 2025	325		232		557
	At 31 March 2024	405		309		714


4	Debtors			2025		2024
£					£

	Trade debtors			4,177		1,413


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

	Bank loans and overdrafts			4,000		4,250
	Trade creditors			2,134		2,215
	Taxation and social security costs			4,485		7,592
	Other creditors			1,891		1,627
				12,510		15,684


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			667		4,417


7	Controlling party

	The company is wholly controlled by the directors.


8	Other information

	SPH Property Services (GY) Limited is a private company limited by shares and incorporated in England. Its registered office is:

	31 Abbey Road
	Grimsby
	North East Lincolnshire
	DN32 0HQ