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Company No: 05711568 (England and Wales)

# SPP-UK LIMITED

### Unaudited Financial Statements
For the financial year ended 28 February 2026
Pages for filing with the registrar

SPP-UK LIMITED

## Unaudited Financial Statements

For the financial year ended 28 February 2026

Contents

SPP-UK LIMITED

## BALANCE SHEET

As at 28 February 2026
SPP-UK LIMITED

## BALANCE SHEET (continued)

As at 28 February 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 31,422 |  | 19,349
|  | 31,422 |  | 19,349
Current assets |  |  |  |
Stocks |  | 66,431 |  | 74,942
Debtors | 5 | 137,078 |  | 119,264
Cash at bank and in hand |  | 189,677 |  | 204,353
|  | 393,186 |  | 398,559
Creditors: amounts falling due within one year | 6 | ( 173,340) |  | ( 205,951)
Net current assets |  | 219,846 |  | 192,608
Total assets less current liabilities |  | 251,268 |  | 211,957
Provision for liabilities |  | ( 7,102) |  | ( 4,036)
Net assets |  | 244,166 |  | 207,921
Capital and reserves |  |  |  |
Called-up share capital | 7 | 96 |  | 96
Profit and loss account |  | 244,070 |  | 207,825
Total shareholders' funds |  | 244,166 |  | 207,921

For the financial year ending 28 February 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of SPP-UK Limited (registered number: 05711568) were approved and authorised for issue by the Board of Directors on 05 May 2026. They were signed on its behalf by:

Mr N E Southern Director |

SPP-UK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2026
SPP-UK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

SPP-UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit B, Breakwater Works, Plymstock, Plymouth, PL9 7HJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets | 3 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles | 25 % reducing balance
Fixtures and fittings | 25 % reducing balance
Office equipment | 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 March 2025 | 4,753 |  | 4,753
At 28 February 2026 | 4,753 |  | 4,753
Accumulated amortisation |  |  |
At 01 March 2025 | 4,753 |  | 4,753
At 28 February 2026 | 4,753 |  | 4,753
Net book value |  |  |
At 28 February 2026 | 0 |  | 0
At 28 February 2025 | 0 |  | 0

#### 4. Tangible assets

| Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 March 2025 | 45,690 |  | 3,082 |  | 17,134 |  | 65,906
Additions | 23,789 |  | 0 |  | 389 |  | 24,178
Disposals | ( 19,995) |  | 0 |  | 0 |  | ( 19,995)
At 28 February 2026 | 49,484 |  | 3,082 |  | 17,523 |  | 70,089
Accumulated depreciation |  |  |  |  |  |  |
At 01 March 2025 | 34,478 |  | 1,457 |  | 10,622 |  | 46,557
Charge for the financial year | 5,823 |  | 406 |  | 681 |  | 6,910
Disposals | ( 14,800) |  | 0 |  | 0 |  | ( 14,800)
At 28 February 2026 | 25,501 |  | 1,863 |  | 11,303 |  | 38,667
Net book value |  |  |  |  |  |  |
At 28 February 2026 | 23,983 |  | 1,219 |  | 6,220 |  | 31,422
At 28 February 2025 | 11,212 |  | 1,625 |  | 6,512 |  | 19,349

#### 5. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 126,403 |  | 110,167
Prepayments | 10,525 |  | 8,947
Other debtors | 150 |  | 150
| 137,078 |  | 119,264

#### 6. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 43,600 |  | 64,471
Amounts owed to directors | 82,287 |  | 82,899
Accruals | 3,750 |  | 3,575
Taxation and social security | 43,703 |  | 55,006
| 173,340 |  | 205,951

#### 7. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 A Ordinary share of £ 1.00 | 1 |  | 1
1 B Ordinary share of £ 1.00 | 1 |  | 1
1 C Ordinary share of £ 1.00 | 1 |  | 1
1 D Ordinary share of £ 1.00 | 1 |  | 1
1 E Ordinary share of £ 1.00 | 1 |  | 1
1 F Ordinary share of £ 1.00 | 1 |  | 1
90 Ordinary shares of £ 1.00 each | 90 |  | 90
| 96 |  | 96