Company Registration No. 07839976 (England and Wales)
Spirit Public Sector Ltd
Unaudited accounts
for the year ended 31 March 2025
Spirit Public Sector Ltd
Unaudited accounts
Contents
Spirit Public Sector Ltd
Company Information
for the year ended 31 March 2025
Directors
John Guy Middleton
Alison Jane Ballard
Company Number
07839976 (England and Wales)
Registered Office
2 Plassey Square
Penarth
Vale of Glamorgan
CF64 1HB
UK
Spirit Public Sector Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
2,458
3,621
Cash at bank and in hand
28,537
619,645
Creditors: amounts falling due within one year
(365,143)
(254,480)
Net current assets
924,462
1,351,161
Net assets
926,920
1,354,782
Called up share capital
100
100
Profit and loss account
926,820
1,354,682
Shareholders' funds
926,920
1,354,782
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2025 and were signed on its behalf by
John Guy Middleton
Director
Company Registration No. 07839976
Spirit Public Sector Ltd
Notes to the Accounts
for the year ended 31 March 2025
Spirit Public Sector Ltd is a private company, limited by shares, registered in England and Wales, registration number 07839976. The registered office is 2 Plassey Square, Penarth, Vale of Glamorgan, CF64 1HB, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets policy
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation or accumulated impairment losses. Costs include costs directly attributable to making the asset capable of operating as intended by management.
Depreciation is provided on all tangible fixed assets, at rates calculated to write-off the cost, less estimated residual value, of each asset on a systematic basis over their expected useful lives as shown below. On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss, and included in other operating income.
The turnover shown in the profit and loss account represents revenue recognised by the company is respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Subdivision of Share Capital
On 28th March 2025, the company's members passed a resolution to sub-divide the existing share capital.
The 100 existing ordinary shares of £1 each were sub-divided into 1,000 new ordinary shares of 0.10p each.
The rights and restrictions attached to the new ordinary shares remain the same as those attached to the former shares. The aggregate nominal value of the company's issued share capital remains unchanged as a result of this transaction.
The company's new authorised and issued share capital was as follows:
Total number of shares: 1,000
Aggregate nominal value: £100
Further details of the share capital structure can be found in note 6.
Spirit Public Sector Ltd
Notes to the Accounts
for the year ended 31 March 2025
On 28th March 2025 the Company purchased 450 of it's own Ordinary Shares at a nominal value of £45. The Ordinary Shares were purchased for a consideration of £675,000 and represent 45% of called up share capital of that class of share. The shares belonged to the former director Mr. Stephen Frith.
At the end of the accounting period the shares were in treasury and, held no voting or dividend rights and were subsequently cancelled on 30th December 2025.
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
- Ordinary shares of £1 each
-
100
550 Ordinary shares of £0.10 each
55
-
450 Treasury shares of £0.10 each
45
-
Shares issued during the period:
550 Ordinary shares of £0.10 each
55
450 Treasury shares of £0.10 each
45
Spirit Public Sector Ltd
Notes to the Accounts
for the year ended 31 March 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan 1
584,002
172,000
188,481
567,521
593,549
172,000
198,028
567,521
During the period, the company made a loan to a director. Interest at the rate of 2.25% per annum is payable annually (2024: 2.25%) and the loan is repayable on demand. £577,068 was outstanding at 31 March 2025, (2024: £584,002) the maximum borrowed during the year was £620,315 (2024: £595,419).
7
Transactions with related parties
The company paid dividends of £50,000 to Mr Frith and £172,000 to Mr Middleton, directors of the company.
8
Average number of employees
During the year the average number of employees was 6 (2024: 4).