General Information
Support on the Spot is a Limited company, registered in England and Wells, registration number 07025260, registration address Portsmouth Technopole, Kingston Crescent, Portsmouth, PO2 8FA
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The Company has delivered P&L losses for the previous two years, with 2025 being a significant loss. This is not sustainable with our existing cash availability. Following the loss of a major client in early 2026, the company has enacted a significant cost reduction plan, which is expected to conclude in April 2026. However, there remains significant doubt in respect of macro-economic factors. The initial projections indicate that provided the external risk factors subside, and costs reduce significantly, the business can tentatively meet its foreseeable financial obligations for the next twelve months.
It is on this basis that the the financial statements have been prepared on a going concern basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
5 years Straight Line
|
| Motor Vehicles |
3 to 5 years Straight Line
|
| Fixtures and Fittings |
3 years Straight Line
|
| Computer Equipment |
3 years Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
|
| 2. |
Average number of employees
Average number of employees during the year was 21 (2024 : 19).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 January 2025 |
143,159 |
|
2,975 |
|
2,833 |
|
133,350 |
|
282,317 |
| Additions |
- |
|
- |
|
- |
|
13,660 |
|
13,660 |
| Disposals |
(142,995) |
|
(2,975) |
|
- |
|
(92,115) |
|
(238,085) |
| At 31 December 2025 |
164 |
|
- |
|
2,833 |
|
54,895 |
|
57,892 |
| Depreciation |
| At 01 January 2025 |
144,604 |
|
1,983 |
|
761 |
|
80,295 |
|
227,643 |
| Charge for year |
86 |
|
992 |
|
824 |
|
27,204 |
|
29,106 |
| On disposals |
(144,603) |
|
(2,975) |
|
- |
|
(73,748) |
|
(221,326) |
| At 31 December 2025 |
87 |
|
- |
|
1,585 |
|
33,751 |
|
35,423 |
| Net book values |
| Closing balance as at 31 December 2025 |
77 |
|
- |
|
1,248 |
|
21,144 |
|
22,469 |
| Opening balance as at 01 January 2025 |
(1,445) |
|
992 |
|
2,072 |
|
53,055 |
|
54,674 |
|
2
|