REGISTERED NUMBER: 07996772 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

FOR

SPROULL & CO. LIMITED

TRADING AS

SPROULL & CO

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M E Wickwar

B Panchal

REGISTERED OFFICE:

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

REGISTERED NUMBER:

07996772 (England and Wales)

FIXED ASSETS

Intangible assets

4

810,000

810,000

Tangible assets

5

8,735

9,869

818,735

819,869

CURRENT ASSETS

Stocks and work in progress

385,730

392,591

Debtors

6

282,842

253,453

Cash at bank and in hand

230,988

185,189

899,560

831,233

CREDITORS

Amounts falling due within one year

7

346,785

346,962

NET CURRENT ASSETS

552,775

484,271

TOTAL ASSETS LESS CURRENT LIABILITIES

1,371,510

1,304,140

CREDITORS

Amounts falling due after more than one year

8

22,944

86,024

NET ASSETS

1,348,566

1,218,116

CAPITAL AND RESERVES

Called up share capital

500

500

Capital redemption reserve

500

500

Retained earnings

1,347,566

1,217,116

SHAREHOLDERS' FUNDS

1,348,566

1,218,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 21st April 2026 and were signed on its behalf by:

B Panchal - Director

M E Wickwar - Director

1.	STATUTORY INFORMATION

Sproull & Co. Limited 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 represents net invoiced sales of services, excluding value added tax, taking account of any unbilled work in progress at the Balance Sheet date.

Goodwill

Goodwill represents the amount capitalised in connection with the incorporation of the business in 2012, at a value agreed with HM Revenue & Customs, as well as a subsequent acquisition of a business in October 2013.

Goodwill on incorporation is amortised evenly over its estimated useful economic life, having taken account of its estimated residual value. In the opinion of the directors, the residual value of goodwill can be established reliably on the same basis as which it was initially calculated, and as such the amortisation of goodwill on incorporation is considered immaterial.

Goodwill on the business acquisition in October 2013 is amortised evenly over its estimated useful economic life of 5 years, having taken account of its estimated residual value.

The residual value of goodwill will be considered annually and any impairment accounted for as necessary.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 10% and 20% on cost

Office equipment - 33.3% on cost

Stocks and work in progress

Work in progress represents the fair value of unbilled work at the Balance Sheet date.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company contributes to personal pension schemes for employees. The assets of the schemes are held independently of the company by insurance companies. The amounts charged to the profit and loss account are the contributions payable in the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2024

and 30th April 2025

1,020,000

AMORTISATION

At 1st May 2024

and 30th April 2025

210,000

NET BOOK VALUE

At 30th April 2025

810,000

At 30th April 2024

810,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2024

56,413

Additions

6,111

Disposals

(2,599

)

At 30th April 2025

59,925

DEPRECIATION

At 1st May 2024

46,544

Charge for year

7,245

Eliminated on disposal

(2,599

)

At 30th April 2025

51,190

NET BOOK VALUE

At 30th April 2025

8,735

At 30th April 2024

9,869

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

222,603

197,057

Other debtors

60,239

56,396

282,842

253,453

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

51,136

51,427

Taxation and social security

189,996

185,916

Other creditors

105,653

109,619

346,785

346,962

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

22,944

86,024

9.	LEASING AGREEMENTS

The company had total operating lease commitments at the balance sheet date of £56,014 (2024 - £117,120), of which £56,014 (2024 - £61,106) is due within one year, relating to the rental of its trading premises.