Specialist Piling Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09958760 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

SPECIALIST PILING SOLUTIONS LIMITED

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Intangible assets

4

1,645

2,962

Tangible assets

5

819,214

712,041

820,859

715,003

Current assets

Debtors

6

754,140

604,327

Cash at bank and in hand

222,520

396,173

976,660

1,000,500

Creditors

Amounts falling due within one year

7

717,379

523,824

Net current assets

259,281

476,676

Total assets less current liabilities

1,080,140

1,191,679

Creditors

Amounts falling due after more than one year

8

(72,452

)

(116,145

)

Provisions for liabilities

10

(187,588

)

(178,751

)

Net assets

820,100

896,783

Capital and reserves

Called up share capital

11

100

Revaluation reserve

12

110,224

105,703

Retained earnings

709,776

790,980

Shareholders' funds

820,100

896,783

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 May 2026 and were signed by:

Mr J Calcinotto - Director

1.	Statutory information

Specialist Piling Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09958760. The registered office is Faulkner House 31 West Street, Wimborne, Dorset, BH21 1JS and business address is First Floor South, Waterloo House, Fleets Corner Business Park, Poole, Dorset, BH17 0HL

The company's year end was shortened to 30 September 2024 and therefore the comparative period is not entirely comparable.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for the sale of goods and services supplied in the year, net of VAT and trade discounts.

Intangible assets

Computer software is written over its useful life which is deemed to be 3 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 taxation

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3.	Employees and directors

The average number of employees during the year was 14 (2024 - 13 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 October 2024

and 30 September 2025

11,449

Amortisation

At 1 October 2024

8,487

Charge for year

1,317

At 30 September 2025

9,804

Net book value

At 30 September 2025

1,645

At 30 September 2024

2,962

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

Cost or valuation

At 1 October 2024

960,911

12,701

101,833

1,075,445

Additions

220,000

2,586

140,103

362,689

Disposals

-

(99,353

)

(99,353

)

At 30 September 2025

1,180,911

15,287

142,583

1,338,781

Depreciation

At 1 October 2024

316,539

2,381

44,484

363,404

Charge for year

129,656

3,227

24,940

157,823

Eliminated on disposal

-

(1,660

)

(1,660

)

At 30 September 2025

446,195

5,608

67,764

519,567

Net book value

At 30 September 2025

734,716

9,679

74,819

819,214

At 30 September 2024

644,372

10,320

57,349

712,041

Cost or valuation at 30 September 2025 is represented by:

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

Valuation in 2023

135,844

-

135,844

Cost

1,045,067

15,287

142,583

1,202,937

1,180,911

15,287

142,583

1,338,781

If plant and machinery had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

1,045,067

825,067

Aggregate depreciation

412,829

301,257

Plant and machinery were valued on an open market basis on 30 September 2025 by the director .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

Cost or valuation

At 1 October 2024

608,014

Additions

220,000

Transfer to ownership

(32,250

)

At 30 September 2025

795,764

Depreciation

At 1 October 2024

190,227

Charge for year

95,668

Transfer to ownership

(11,571

)

At 30 September 2025

274,324

Net book value

At 30 September 2025

521,440

At 30 September 2024

417,787

6.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

273,955

272,660

Amounts recoverable on contract

400,000

244,000

Other debtors

14,657

23,657

Tax

34,577

-

VAT

24,397

45,218

Prepayments and accrued income

6,554

18,792

754,140

604,327

7.

Creditors: amounts falling due within one year

2025

2024

£

Bank loans and overdrafts

21,333

32,000

Hire purchase contracts

126,203

113,689

Trade creditors

276,666

267,350

Amounts owed to group undertakings

276,223

52,704

Tax

-

38,042

Social security and other taxes

10,013

12,482

Other creditors

2,791

3,607

Accruals and deferred income

4,150

3,950

717,379

523,824

8.

Creditors: amounts falling due after more than one year

2025

2024

£

Bank loans - 1-2 years

-

21,333

Hire purchase contracts

72,452

94,812

72,452

116,145

9.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

Bank loans

21,333

53,333

Hire purchase contracts

198,655

208,501

219,988

261,834

Amounts owing under hire purchase agreements are secured against the assets to which they relate.

All amounts becoming due to HSBC UK are secured against all assets of the company by way of a legal charge dated 12 February 2020.

10.	Provisions for liabilities

2025

2024

£

Deferred tax

187,588

178,751

Deferred

tax

£

Balance at 1 October 2024

178,751

Charge to Statement of comprehensive income during year

8,837

Balance at 30 September 2025

187,588

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary A

£1

100

12.

Reserves

Revaluation

reserve

£

At 1 October 2024

105,703

Revaluation reserve - Plant and machinery

4,521

At 30 September 2025

110,224

13.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 30 September 2025 and the period ended 30 September 2024:

2025

2024

£

Mr J Calcinotto

Balance outstanding at start of year

-

8,934

Amounts repaid

-

(8,934

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

14.	Related party disclosures

The balance of £14,657 (2024 - £23,657) within other debtors relates to a loan made to a relative of the director. The balance is interest free and repayable on demand.

15.	Ultimate controlling party

The ultimate controlling party is the director Mr J Calcinotto by virtue of his 68% holding in the parent company.