Company registration number 06547919 (England and Wales)
SHERRINGTON PROGRAMME CONSULTANTS (SPC) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
SHERRINGTON PROGRAMME CONSULTANTS (SPC) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
SHERRINGTON PROGRAMME CONSULTANTS (SPC) LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
4
607
8,376
Current assets
Debtors
5
18,427
4,619
Cash at bank and in hand
24,707
37,087
43,134
41,706
Creditors: amounts falling due within one year
6
(45,810)
(29,895)
Net current (liabilities)/assets
(2,676)
11,811
Total assets less current liabilities
(2,069)
20,187
Provisions for liabilities
(152)
(1,591)
Net (liabilities)/assets
(2,221)
18,596
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(2,321)
18,496
Total equity
(2,221)
18,596

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 9 February 2026
J Sherrington
Director
Company registration number 06547919 (England and Wales)
SHERRINGTON PROGRAMME CONSULTANTS (SPC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
1
Accounting policies
Company information

Sherrington Programme Consultants (SPC) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lindow Orchard, Altrincham Road, Wilmslow, Cheshire, SK9 5NW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
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.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures & Fittings
33% Straight line
Motor vehicles
Straight line over 4 years

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.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

SHERRINGTON PROGRAMME CONSULTANTS (SPC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

SHERRINGTON PROGRAMME CONSULTANTS (SPC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of employees (including directors) employed by the company during the year was 2 (20 2 4 - 2).

SHERRINGTON PROGRAMME CONSULTANTS (SPC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024
72,821
Additions
424
At 31 July 2025
73,245
Depreciation and impairment
At 1 August 2024
64,445
Depreciation charged in the year
8,193
At 31 July 2025
72,638
Carrying amount
At 31 July 2025
607
At 31 July 2024
8,376
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,600
2,700
Corporation tax recoverable
-
0
1,919
Other debtors
14,827
-
0
18,427
4,619
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
2,477
-
0
Other taxation and social security
4,197
1,580
Other creditors
36,236
25,865
Accruals and deferred income
2,900
2,450
45,810
29,895
SHERRINGTON PROGRAMME CONSULTANTS (SPC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
67 A Ordinary shares of £1 each
67
67
33 B Ordinary shares of £1 each
33
33
100
100
8
Directors' transactions

Dividends totalling £33,900 0 (2024 - £0) were paid in the year in respect of shares held by the company's shareholders.

As at 31 July 202 5 the company was owed £14,827 (20 24: £15,535 director owed to the company) by the director. This amount is interest free and repayable on demand.

2025-07-31 2024-08-01 false false false 09 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr J Sherrington H E Sherrington 2 06547919 2024-08-01 2025-07-31 06547919 2025-07-31 06547919 2024-07-31 06547919 core:OtherPropertyPlantEquipment 2025-07-31 06547919 core:OtherPropertyPlantEquipment 2024-07-31 06547919 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 06547919 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 06547919 core:CurrentFinancialInstruments 2025-07-31 06547919 core:CurrentFinancialInstruments 2024-07-31 06547919 core:ShareCapital 2025-07-31 06547919 core:ShareCapital 2024-07-31 06547919 core:RetainedEarningsAccumulatedLosses 2025-07-31 06547919 core:RetainedEarningsAccumulatedLosses 2024-07-31 06547919 core:ShareCapitalOrdinaryShareClass2 2025-07-31 06547919 core:ShareCapitalOrdinaryShareClass2 2024-07-31 06547919 core:ShareCapitalOrdinaryShareClass3 2025-07-31 06547919 core:ShareCapitalOrdinaryShareClass3 2024-07-31 06547919 core:ShareCapitalOrdinaryShares 2025-07-31 06547919 core:ShareCapitalOrdinaryShares 2024-07-31 06547919 bus:Director1 2024-08-01 2025-07-31 06547919 core:FurnitureFittings 2024-08-01 2025-07-31 06547919 core:MotorVehicles 2024-08-01 2025-07-31 06547919 core:OtherPropertyPlantEquipment 2024-07-31 06547919 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 06547919 bus:OrdinaryShareClass2 2025-07-31 06547919 bus:OrdinaryShareClass3 2025-07-31 06547919 bus:OrdinaryShareClass2 2024-08-01 2025-07-31 06547919 bus:OrdinaryShareClass3 2024-08-01 2025-07-31 06547919 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 06547919 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 06547919 bus:FRS102 2024-08-01 2025-07-31 06547919 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 06547919 bus:CompanySecretary1 2024-08-01 2025-07-31 06547919 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP