REGISTERED NUMBER: 04861201 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

SPIKA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E J Bjorklund

A T Bjorklund

SECRETARY:

Ms J South

REGISTERED OFFICE:

Belle House

1 Hudsons Place, Unit 2

Platform 1, Victoria Mainline Station

London

SW1V 1JT

REGISTERED NUMBER:

04861201 (England and Wales)

ACCOUNTANTS:

Carleys

Second Floor South

The Fitted Rigging House

The Historic Dockyard

Chatham

Kent

ME4 4TZ

FIXED ASSETS

Tangible assets

4

14,551

17,766

CURRENT ASSETS

Debtors

5

267,662

424,838

Cash at bank

764,886

1,036,159

1,032,548

1,460,997

CREDITORS

Amounts falling due within one year

6

205,646

254,509

NET CURRENT ASSETS

826,902

1,206,488

TOTAL ASSETS LESS CURRENT LIABILITIES

841,453

1,224,254

PROVISIONS FOR LIABILITIES

3,638

7,440

NET ASSETS

837,815

1,216,814

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Other reserves

48,000

52,905

Retained earnings

779,815

1,153,909

SHAREHOLDERS' FUNDS

837,815

1,216,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

E J Bjorklund - Director

1.	STATUTORY INFORMATION

SPIKA Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements

The financial statements contain information about SPIKA Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.

In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done during the year, including estimates of uninvoiced amounts. The amounts included are calculated by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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.

Share based payments

Where share options are awarded to employees, the fair value of the options at the date of grant are charged to profit or loss over the vesting period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

103,121

Additions

6,824

Disposals

(236

)

At 31 August 2025

109,709

DEPRECIATION

At 1 September 2024

85,355

Charge for year

10,039

Eliminated on disposal

(236

)

At 31 August 2025

95,158

NET BOOK VALUE

At 31 August 2025

14,551

At 31 August 2024

17,766

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

143,491

280,611

Other debtors

124,171

144,227

267,662

424,838

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

17,683

25,963

Taxation and social security

26,460

37,078

Other creditors

161,503

191,468

205,646

254,509

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

12,072

4,967

Between one and five years

13,174

4,551

In more than five years

-

4,551

25,246

14,069

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000,000

Ordinary

1p

10,000

10,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company advanced loans to the directors totalling £480 (2024: £480) and received repayments totalling £480 (2024: £912). The loans outstanding at the balance sheet date totalled £480 (2024: £480) and these were repaid after the year end.

10.	SHARE-BASED PAYMENT TRANSACTIONS

The company has granted three share option tranches as follows:-

Options granted 15/11/18

On 15/11/18 the company granted share options to 6 employees. Employees were granted options to acquire a total of 21,000 Ordinary 1p "A" shares at an exercise price of £1 per share under certain conditions as detailed below:

The options may be exercised by employees from 1/12/18 but may not in any event be exercised after the tenth anniversary of the date of grant. The options will be settled in the form of new issues of the above shares. The Option may not be exercised after the Option holder no longer holds employment with the company or has given or received notice of termination of his employment with the company.

At the year end, none of the above options had been exercised. 4 employees no longer hold employment with the company. The charge to the Income Statement in relation to the options granted amounted to £nil (2024: £nil).

Options granted 22/7/19

On 22/7/19 the company granted share options to 19 employees. Employees were granted options to acquire a total of 31,500 Ordinary 1p "A" shares at an exercise price of £1 per share under certain conditions as detailed below:

The options may be exercised by employees in tranches as follows:-

- from 1/7/20 25%;

- from 1/7/21 25%;

- from 1/7/22 25%;

- from 1/7/23 25%.

These options may not in any event be exercised after the tenth anniversary of the date of grant. The options will be settled in the form of new issues of the above shares.The Option may not be exercised after the Option holder no longer holds employment with the company or has given or received notice of termination of his employment with the company.

At the year end, none of the above options had been exercised. 19 employees no longer hold employment with the company. The charge to the Income Statement in relation to the options granted amounted to £nil (2024: £nil).

Options granted 1/7/21

On 1/7/21 the company granted share options to 9 employees. Employees were granted options to acquire a total of 24,000 Ordinary 1p "A" shares at an exercise price of £1 per share under certain conditions as detailed below:

Some options vested immediately and some may be exercised by employees in tranches as follows:-

- From 1/7/21 25%;

- From 1/7/22 25%;

- From 1/7/23 25%;

- From 1/7/24 25%.

These options may not in any event be exercised after the tenth anniversary of the date of grant. The options will be settled in the form of new issues of the above shares. The Option may not be exercised after the Option holder no longer holds employment with the company or has given or received notice of termination of his employment with the company.

At the year end, none of the above options had been exercised. 6 employees no longer hold employment with the company. The charge to the Income Statement in relation to options granted amounted to £nil (2024: £104).

Options granted 5/9/22

On 5/9/22 the company granted share options to 11 employees. Employees were granted options to acquire a total of 35,500 Ordinary 1p "A" shares at an exercise price of £1 per share under certain conditions as detailed below:

Some options vested on 15/9/22 and some may be exercised by employees in tranches as follows:-

- From 15/9/22 25%;

- From 1/7/23 25%;

- From 1/7/24 25%;

- From 1/7/25 25%.

These options may not in any event be exercised after the tenth anniversary of the date of grant. The options will be settled in the form of new issues of the above shares. The Option may not be exercised after the Option holder no longer holds employment with the company or has given or received notice of termination of his employment with the company.

At the year end, none of the above options had been exercised. 8 employees no longer hold employment with the company. The charge to the Income Statement in relation to options granted amounted to £133 (2024: £283).

Options granted 13/9/23

On 13/9/23 the company granted share options to 5 employees. Employees were granted options to acquire a total of 7,500 Ordinary 1p "A" shares at an exercise price of £1 per share under certain conditions as detailed below:

Some options vested on 13/9/23 and some may be exercised by employees in tranches as follows:-

- From 13/9/23 25%;

- From 13/9/24 25%;

- From 13/9/25 25%;

- From 13/9/26 25%.

These options may not in any event be exercised after the tenth anniversary of the date of grant. The options will be settled in the form of new issues of the above shares. The Option may not be exercised after the Option holder no longer holds employment with the company or has given or received notice of termination of his employment with the company.

At the year end, none of the above options had been exercised. 5 employees no longer hold employment with the company. The charge to the Income Statement in relation to options granted amounted to £nil (2024: £1,038).