Spa Euro Ltd

Financial Statements for the Year Ended 31 March 2025

DIRECTORS:

J Hicks

P L Hogg

REGISTERED OFFICE:

Penygraig Industrial Estate

Dinas Road

Penygraig

CF40 1HZ

REGISTERED NUMBER:

07203116 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Spa Euro Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Spa Euro Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spa Euro Ltd and state those matters that we have agreed to state to the Board of Directors of Spa Euro Ltd, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spa Euro Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spa Euro Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Spa Euro Ltd. You consider that Spa Euro Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Spa Euro Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

18 December 2025

FIXED ASSETS

Tangible assets

4

32,934

39,060

CURRENT ASSETS

Stocks

274,159

292,001

Debtors

5

91,287

150,308

Cash at bank

111,055

40,011

476,501

482,320

CREDITORS

Amounts falling due within one year

6

150,936

162,565

NET CURRENT ASSETS

325,565

319,755

TOTAL ASSETS LESS CURRENT LIABILITIES

358,499

358,815

CREDITORS

Amounts falling due after more than one year

7

(726

)

(3,439

)

PROVISIONS FOR LIABILITIES

(5,217

)

(6,548

)

NET ASSETS

352,556

348,828

CAPITAL AND RESERVES

Called up share capital

1,250

1,250

Retained earnings

351,306

347,578

SHAREHOLDERS' FUNDS

352,556

348,828

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 18 December 2025 and were signed on its behalf by:

J Hicks - Director

1.	STATUTORY INFORMATION

Spa Euro 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.

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.

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

20% reducing balance

Computer equipment

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

98,793

4,101

22,250

904

126,048

Additions

3,956

-

-

366

4,322

Disposals

(3,351

)

(2,083

)

-

-

(5,434

)

At 31 March 2025

99,398

2,018

22,250

1,270

124,936

DEPRECIATION

At 1 April 2024

72,387

3,906

9,799

896

86,988

Charge for year

7,014

49

2,490

74

9,627

Eliminated on disposal

(2,647

)

(1,966

)

-

-

(4,613

)

At 31 March 2025

76,754

1,989

12,289

970

92,002

NET BOOK VALUE

At 31 March 2025

22,644

29

9,961

300

32,934

At 31 March 2024

26,406

195

12,451

8

39,060

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

86,695

129,464

Other debtors & prepayments

4,592

20,844

91,287

150,308

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans & overdrafts

2,065

1,990

Trade creditors

124,326

102,244

Taxes & social security costs

14,961

30,491

Other creditors & accruals

9,584

27,840

150,936

162,565

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

726

2,833

Other creditors

-

606

726

3,439

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:

2025

2024

£

£

J Hicks

Balance outstanding at start of year

5,712

2,500

Amounts advanced

3,000

3,212

Amounts repaid

(7,836

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

876

5,712