Spoolup Limited 16196825 false 2025-01-21 2025-12-31 2025-12-31 The principal activity of the company is the provision of aviation components trading and servicing. Digita Accounts Production Advanced 6.30.9574.0 true 16196825 2025-01-21 2025-12-31 16196825 2025-12-31 16196825 bus:OrdinaryShareClass1 2025-12-31 16196825 core:FinanceLeases core:CurrentFinancialInstruments 2025-12-31 16196825 core:FinanceLeases core:Non-currentFinancialInstruments 2025-12-31 16196825 core:CurrentFinancialInstruments 2025-12-31 16196825 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 16196825 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 16196825 core:FurnitureFittingsToolsEquipment 2025-12-31 16196825 core:LandBuildings 2025-12-31 16196825 core:OtherPropertyPlantEquipment 2025-12-31 16196825 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2025-12-31 16196825 bus:SmallEntities 2025-01-21 2025-12-31 16196825 bus:AuditExemptWithAccountantsReport 2025-01-21 2025-12-31 16196825 bus:FilletedAccounts 2025-01-21 2025-12-31 16196825 bus:SmallCompaniesRegimeForAccounts 2025-01-21 2025-12-31 16196825 bus:RegisteredOffice 2025-01-21 2025-12-31 16196825 bus:Director1 2025-01-21 2025-12-31 16196825 bus:OrdinaryShareClass1 2025-01-21 2025-12-31 16196825 bus:PrivateLimitedCompanyLtd 2025-01-21 2025-12-31 16196825 bus:Agent1 2025-01-21 2025-12-31 16196825 core:FurnitureFittingsToolsEquipment 2025-01-21 2025-12-31 16196825 core:LandBuildings 2025-01-21 2025-12-31 16196825 core:OtherPropertyPlantEquipment 2025-01-21 2025-12-31 16196825 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2025-01-21 2025-12-31 16196825 countries:England 2025-01-21 2025-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 16196825

Spoolup Limited
Annual Report and Unaudited Financial Statements
for the Period from 21 January 2025 to 31 December 2025

Spoolup Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Spoolup Limited

Company Information

Director | M Thomas

Registered office | 18 Staple Gardens Winchester Hampshire SO23 8SR

Accountants | Tax Innovations Limited Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Spoolup Limited

(Registration number: 16196825)
Balance Sheet as at 31 December 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 4 | 466,314
Current assets |  |
Stocks | 5 | 554,780
Debtors | 6 | 715,040
Cash at bank and in hand |  | 387,779
|  | 1,657,599
Creditors: Amounts falling due within one year | 7 | (1,343,455)
Net current assets |  | 314,144
Total assets less current liabilities |  | 780,458
Creditors: Amounts falling due after more than one year | 7 | (305,486)
Net assets |  | 474,972
Capital and reserves |  |
Called up share capital | 8 | 1
Retained earnings |  | 474,971
Shareholders' funds |  | 474,972

For the financial period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 May 2026

......................................... M Thomas Director

Spoolup Limited

Notes to the Unaudited Financial Statements for the Period from 21 January 2025 to 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
18 Staple Gardens
Winchester
Hampshire
SO23 8SR
England

These financial statements were authorised for issue by the director on 19 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Spoolup Limited

Notes to the Unaudited Financial Statements for the Period from 21 January 2025 to 31 December 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Spoolup Limited

Notes to the Unaudited Financial Statements for the Period from 21 January 2025 to 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Spoolup Limited

Notes to the Unaudited Financial Statements for the Period from 21 January 2025 to 31 December 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
Additions | 507,495 | 25,751 | 14,723 | 547,969
At 31 December 2025 | 507,495 | 25,751 | 14,723 | 547,969
Depreciation
Charge for the period | 76,505 | 5,150 | - | 81,655
At 31 December 2025 | 76,505 | 5,150 | - | 81,655
Carrying amount
At 31 December 2025 | 430,990 | 20,601 | 14,723 | 466,314

Included within the net book value of land and buildings above is £430,989 in respect of short leasehold land and buildings.

5 | Stocks

| 2025 £
Other inventories | 554,780

Spoolup Limited

Notes to the Unaudited Financial Statements for the Period from 21 January 2025 to 31 December 2025

6 | Debtors

Current | 2025 £
Trade debtors | 606,089
Prepayments | 14,478
Other debtors | 94,473
| 715,040

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Loans and borrowings | 9 | 74,434
Trade creditors |  | 58,488
Taxation and social security |  | 136,849
Accruals and deferred income |  | 4,036
Other creditors |  | 1,069,648
|  | 1,343,455

Creditors: amounts falling due after more than one year

| Note | 2025 £
Due after one year |  |
Loans and borrowings | 9 | 305,486

8 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary of £1 each | 1 | 1

Spoolup Limited

Notes to the Unaudited Financial Statements for the Period from 21 January 2025 to 31 December 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £
Finance lease liabilities | 305,486

Current loans and borrowings

| 2025 £
Finance lease liabilities | 74,434

10 | Related party transactions

Summary of transactions with all entities with joint control or significant interest

Opalrock Winchester Limited
(A company controlled by one of the directors)

Income and receivables from related parties

2025 | Entities with joint control or significant influence £
Amounts receivable from related party | 36,450