Company No: 10763190 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Clive David Morris
	Deborah Julia Morris

REGISTERED OFFICE	5th Floor Dencora Court
	Tylers Avenue
	Southend-On-Sea
	SS1 2BB
	United Kingdom

COMPANY NUMBER

10763190 (England and Wales)

CHARTERED ACCOUNTANTS	Gascoynes
	Gascoyne House
	Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	Suffolk
	IP28 6JY

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	19,055		14,179
		19,055		14,179
Current assets
Stocks		17,596		34,678
Debtors	4	1,168,757		731,247
Cash at bank and in hand		( 145,991)		( 148,475)
		1,040,362		617,450
Creditors: amounts falling due within one year	5	( 974,368)		( 541,721)
Net current assets		65,994		75,729
Total assets less current liabilities		85,049		89,908
Net assets		85,049		89,908
Capital and reserves
Called-up share capital	6	200		100
Profit and loss account		84,849		89,808
Total shareholders' funds		85,049		89,908

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of ISPY Services Limited (registered number: 10763190) were approved and authorised for issue by the Board of Directors on 18 December 2025. They were signed on its behalf by:

Clive David Morris Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ISPY Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5th Floor Dencora Court, Tylers Avenue, Southend-On-Sea, SS1 2BB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery

10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	17		17

3. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 April 2024	24,565		24,565
Additions	7,619		7,619
At 31 March 2025	32,184		32,184
Accumulated depreciation
At 01 April 2024	10,386		10,386
Charge for the financial year	2,743		2,743
At 31 March 2025	13,129		13,129
Net book value
At 31 March 2025	19,055		19,055
At 31 March 2024	14,179		14,179

4. Debtors

	2025		2024
	£		£
Trade debtors	108,186		0
Amounts owed by Group undertakings	100		67,921
Short term loans to Group companies	1,058,458		661,182
Other debtors	2,013		2,144
	1,168,757		731,247

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	60,000		90,000
Trade creditors	116,910		85,104
Other taxation and social security	132,335		29,385
Other creditors	665,123		337,232
	974,368		541,721

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100
100 B Ordinary shares of £ 1.00 each (2024: nil shares)	100		0
	200		100

7. Ultimate controlling party

Parent Company:

CFL Group Limited