REGISTERED NUMBER: 04661992 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

B-Spoke Systems Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Packwood

C M Packwood

REGISTERED OFFICE:

Unit 2 Knights Close

Thurmaston

Leicester

Leicestershire

LE4 8EW

REGISTERED NUMBER:

04661992 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

138,184

95,622

CURRENT ASSETS

Stocks

545,000

181,000

Debtors

5

67,995

26,485

612,995

207,485

CREDITORS

Amounts falling due within one year

6

(613,792

)

(168,973

)

NET CURRENT (LIABILITIES)/ASSETS

(797

)

38,512

TOTAL ASSETS LESS CURRENT LIABILITIES

137,387

134,134

CREDITORS

Amounts falling due after more than one year

7

(1,768

)

(12,952

)

PROVISIONS FOR LIABILITIES

(31,885

)

(20,568

)

NET ASSETS

103,734

100,614

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

103,730

100,610

SHAREHOLDERS' FUNDS

103,734

100,614

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

S J Packwood - Director

1.	STATUTORY INFORMATION

B-Spoke Systems 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.

Going concern

The company had net current liabilities at the year end. It is dependent on the continued support of the directors for the continuance of trade. The directors intend to continue with such support. On that basis the directors considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of that support.

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.

Improvements to property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell on a first in first out basis 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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

19,454

233,038

58,015

Additions

-

-

-

At 31 March 2025

19,454

233,038

58,015

DEPRECIATION

At 1 April 2024

15,110

198,676

56,370

Charge for year

1,132

8,591

578

At 31 March 2025

16,242

207,267

56,948

NET BOOK VALUE

At 31 March 2025

3,212

25,771

1,067

At 31 March 2024

4,344

34,362

1,645

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

90,000

2,193

402,700

Additions

70,999

1,200

72,199

At 31 March 2025

160,999

3,393

474,899

DEPRECIATION

At 1 April 2024

34,729

2,193

307,078

Charge for year

18,940

396

29,637

At 31 March 2025

53,669

2,589

336,715

NET BOOK VALUE

At 31 March 2025

107,330

804

138,184

At 31 March 2024

55,271

-

95,622

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

42,747

8,753

Other debtors

25,248

17,732

67,995

26,485

Other debtors includes prepayments and accrued income of £16,819 (2024: £17,732).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

29,947

32,586

Trade creditors

10,853

5,666

Taxation and social security

81,554

103,907

Other creditors

491,438

26,814

613,792

168,973

Other creditors includes accruals and deferred income of £4,655 (2024: £7,473).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,768

12,952

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

S J Packwood

Balance outstanding at start of year

-

-

Amounts advanced

56

172,860

Amounts repaid

(56

)

(172,860

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The above loan was repayable on demand and Interest has been charged at the HMRC Official Rate where appropriate.