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Registered number: 11892056
SPAG Construction Ltd
Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11892056
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 866,500 775,028
866,500 775,028
CURRENT ASSETS
Debtors 5 1,625 9,814
Cash at bank and in hand 11,628 74,194
13,253 84,008
Creditors: Amounts Falling Due Within One Year 6 (612,480 ) (652,834 )
NET CURRENT ASSETS (LIABILITIES) (599,227 ) (568,826 )
TOTAL ASSETS LESS CURRENT LIABILITIES 267,273 206,202
NET ASSETS 267,273 206,202
CAPITAL AND RESERVES
Called up share capital 7 81 81
Profit and Loss Account 267,192 206,121
SHAREHOLDERS' FUNDS 267,273 206,202
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stuart Powell
Director
30 April 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SPAG Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11892056 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% Per annum on cost
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 33% Straight line
No depreciation is provided on the company's freehold and leasehold properties since in the opinion of the director the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
2.4. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Page 3
Page 4
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 2 (2025: 1)
2 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2025 761,954 125 27,413 3,469
Additions 94,766 - - -
Disposals - (125 ) - -
As at 31 March 2026 856,720 - 27,413 3,469
Depreciation
As at 1 April 2025 - 87 15,950 2,132
Provided during the period - - 2,866 202
Disposals - (87 ) - -
As at 31 March 2026 - - 18,816 2,334
Net Book Value
As at 31 March 2026 856,720 - 8,597 1,135
As at 1 April 2025 761,954 38 11,463 1,337
Computer Equipment Total
£ £
Cost
As at 1 April 2025 1,773 794,734
Additions - 94,766
Disposals - (125 )
As at 31 March 2026 1,773 889,375
Depreciation
As at 1 April 2025 1,537 19,706
Provided during the period 188 3,256
Disposals - (87 )
As at 31 March 2026 1,725 22,875
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2026 48 866,500
As at 1 April 2025 236 775,028
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors - 9,814
Other debtors 1,625 -
1,625 9,814
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors - 1,115
Other creditors 589,157 608,538
Taxation and social security 23,323 43,181
612,480 652,834
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 81 81
Page 5