SPA Enterprise Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

SPA Enterprise Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06933688 . The registered office is 6-9 The Square Stockley Park, Heathrow, UXBRIDGE, UB11 1FW.

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any 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:

Plant & Machinery	3 years straight line
Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	3 years straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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SPA Enterprise Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 34 (2024: 28)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2025	62,247	168,568	25,204	256,019
Additions	9,586	-	-	9,586

As at 31 December 2025	71,833	168,568	25,204	265,605

Depreciation
As at 1 January 2025	49,513	60,684	25,204	135,401
Provided during the period	11,460	21,577	-	33,037

As at 31 December 2025	60,973	82,261	25,204	168,438

Net Book Value
As at 31 December 2025	10,860	86,307	-	97,167

As at 1 January 2025	12,734	107,884	-	120,618

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	5,544

As at 31 December 2025	5,544

...CONTINUED

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SPA Enterprise Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	5,544

As at 1 January 2025	5,544

Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:

COMPANY NUMBER 1

Nature of undertaking --- SPA Enterprise info Services (india) Private Ltd

Registered Office --- India

Natureof Business Class --- Advisory Services

Class of Shares held --- Ordinary

% held Direct/Indirect --- 100

The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as

follows:

Profit /(Loss) --- £12,623

Capital and Reserves --- £805,634

COMPANY NUMBER 2

Nature of undertaking --- SPA Enterprise Services Inc

Registered Office --- USA

Natureof Business Class ---IT Consultancy and Advisory Services

Class of Shares held --- Ordinary

% held Direct/Indirect --- 100

The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as

follows:

Profit /(Loss) --- £ 25,655

Capital and Reserves --- £163,672

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SPA Enterprise Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,640,369	2,255,561
Prepayments and accrued income	1,142,504	419,999
Other debtors	109,500	156,090
Deferred tax current asset	1,861	-
Amounts owed by group undertakings	125,000	125,000

	3,019,234	2,956,650

7. Current Asset Investments

	2025	2024
	£	£
Unlisted investments	100,000	100,000

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	17,987	17,987
Trade creditors	589,503	867,965
Bank loans and overdrafts	311,520	374,761
Other loans	400,802	-
Corporation tax	60,872	46,203
Other taxes and social security	60,240	48,226
VAT	225,623	222,004
Net wages	-	14,579
Other creditors	-	222
Other creditors (1)	-	55
Accruals and deferred income	-	6,050
Directors' loan accounts	165,603	183,523
Amounts owed to related parties	10,000	-

	1,842,150	1,781,575

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	51,839	65,634
Bank loans	308,333	432,534

	360,172	498,168

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SPA Enterprise Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	17,987	17,987
Later than one year and not later than five years	51,839	65,634

	69,826	83,621

	69,826	83,621

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	50,001	50,001

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		97,167		120,618
Investments	5		5,544		5,544

			102,711		126,162
CURRENT ASSETS
Debtors	6	3,019,234		2,956,650
Investments	7	100,000		100,000
Cash at bank and in hand		56,316		6,849

		3,175,550		3,063,499
Creditors: Amounts Falling Due Within One Year	8	(1,842,150 )		(1,781,575 )

NET CURRENT ASSETS (LIABILITIES)			1,333,400		1,281,924

TOTAL ASSETS LESS CURRENT LIABILITIES			1,436,111		1,408,086

Creditors: Amounts Falling Due After More Than One Year	9		(360,172 )		(498,168 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(1,655 )

NET ASSETS			1,075,939		908,263

CAPITAL AND RESERVES
Called up share capital	11		50,001		50,001
Profit and Loss Account			1,025,938		858,262

SHAREHOLDERS' FUNDS			1,075,939		908,263