Sp Ne Ltd

	Page
Company Information	1
Director's Report	2
Accountant's Report	3
Profit and Loss Account	4
Balance Sheet	5—6
Notes to the Financial Statements	7—10

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Sp Ne Ltd

Company No. 08225728

Director's Report For The Year Ended 30 September 2025

Director's Report

The director presents his report and the financial statements for the year ended 30 September 2025.

Directors

The director who held office during the year were as follows:

Mr Aqeeb Hussain

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr Aqeeb Hussain

Director

8th June 2026

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Sp Ne Ltd

Accountant's Report

For The Year Ended 30 September 2025

Accountant's Report

Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Sp Ne Ltd for the year ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Sp Ne Ltd for the year ended 30 September 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sp Ne Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Sp Ne Ltd and state those matters that we have agreed to state to the director of Sp Ne Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sp Ne Ltd and its director, as a body, for our work or for this report.

It is your duty to ensure that Sp Ne Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Sp Ne Ltd . You consider that Sp Ne Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Sp Ne Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

8th June 2026

Accountancy 365 Ltd

ICAEW

Unit 2A

The Cadcam Centre, High Force Rd, Riverside Park

Middlesbrough

Cleveland

TS2 1RH

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Sp Ne Ltd

Profit and Loss Account

For The Year Ended 30 September 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		1,970,587	1,958,659
Cost of sales		(1,536,773 )	(1,561,442 )

GROSS PROFIT		433,814	397,217

Administrative expenses		(360,002 )	(358,045 )

OPERATING PROFIT		73,812	39,172
Interest payable and similar charges		(17,639 )	(16,125 )

PROFIT BEFORE TAXATION		56,173	23,047
Tax on Profit		(18,071 )	(6,000 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		38,102	17,047

The notes on pages 7 to 10 form part of these financial statements.

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Sp Ne Ltd

Balance Sheet

As At 30 September 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		218,192		173,021

			218,192		173,021
CURRENT ASSETS
Stocks	5	105,977		71,510
Debtors	6	59,880		5,675
Cash at bank and in hand		26,549		141,088

		192,406		218,273
Creditors: Amounts Falling Due Within One Year	7	(275,326 )		(262,158 )

NET CURRENT ASSETS (LIABILITIES)			(82,920 )		(43,885 )

TOTAL ASSETS LESS CURRENT LIABILITIES			135,272		129,136

Creditors: Amounts Falling Due After More Than One Year	8		(21,477 )		(27,843 )

NET ASSETS			113,795		101,293

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			113,695		101,193

SHAREHOLDERS' FUNDS			113,795		101,293

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Sp Ne Ltd

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Aqeeb Hussain

Director

8th June 2026

The notes on pages 7 to 10 form part of these financial statements.

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Sp Ne Ltd

Notes to the Financial Statements

For The Year Ended 30 September 2025

Notes to the Financial Statements

1. General Information

Sp Ne Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08225728 . The registered office is 177 Stockton Street , Middlesbrough, Cleveland, TS2 1BY.

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.

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:

Leasehold	Striaght line over 10 years
Plant & Machinery	25% Reducing balance
Computer Equipment	Straight line over 4 years

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. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Sp Ne Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 11 (2024: 12)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 October 2024	197,656	44,510	-	242,166
Additions	71,094	1,725	490	73,309

As at 30 September 2025	268,750	46,235	490	315,475

Depreciation
As at 1 October 2024	33,489	35,656	-	69,145
Provided during the period	21,526	6,541	71	28,138

As at 30 September 2025	55,015	42,197	71	97,283

Net Book Value
As at 30 September 2025	213,735	4,038	419	218,192

As at 1 October 2024	164,167	8,854	-	173,021

5. Stocks

	2025	2024
	£	£
Stock	105,977	71,510

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Sp Ne Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	2,786	5,675
Other debtors	418	-
Director's loan account	56,676	-

	59,880	5,675

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	470	2,522
Trade creditors	181,407	160,125
Bank loans and overdrafts	15,558	15,472
Corporation tax	18,100	6,000
Other taxes and social security	203	2,261
VAT	58,393	61,739
Pension Payable	-	392
Other creditors	95	323
Accruals and deferred income	1,100	-
Director's loan account	-	13,324

	275,326	262,158

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	470
Bank loans	21,477	27,373

	21,477	27,843

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	470	2,522
Later than one year and not later than five years	-	470

	470	2,992

	470	2,992

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Sp Ne Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

11. Capital Commitments

	2025	2024
	£	£
At the end of the period	4,439	8,871

At the end of the period, the company had financial commitments contracted for but not provided in these financial statements

12. Directors Advances, Credits and Guarantees

During the year the company advanced £56,676 to its directors. No amounts were repaid during the year.

The above loan is unsecured, interest is charged at 2.25% and repayable on demand.

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Director	Mr Aqeeb Hussain

Company Number	08225728

Registered Office	177 Stockton Street
	Middlesbrough
	Cleveland
	TS2 1BY

Accountants	Accountancy 365 Ltd
	ICAEW
	Unit 2A
	The Cadcam Centre, High Force Rd, Riverside Park
	Middlesbrough
	Cleveland
	TS2 1RH