SPD COV LTD - Filleted accounts

Registered number

14191266

SPD COV LTD

Filleted Accounts

30 June 2025

SPD COV LTD
Registered number:		14191266
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		5,000			5,000
Tangible assets	4		9,895			11,673
			14,895			16,673

Current assets
Stocks		21,650			20,955
Cash at bank and in hand		511			983
		22,161			21,938

Creditors: amounts falling due within one year	5	(847)			(570)

Net current assets			21,314			21,368

Total assets less current liabilities			36,209			38,041

Creditors: amounts falling due after more than one year	6		(76,190)			(55,329)



Net liabilities			(39,981)			(17,288)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(39,982)			(17,289)

Shareholder's funds			(39,981)			(17,288)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



__________
Soyeb Memi
Director
Approved by the board on 24 June 2026

SPD COV LTD
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	18% reducing balance
	Fixtures, fittings, tools and equipment	18% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 July 2024					5,000
	At 30 June 2025					5,000

	Amortisation
	At 30 June 2025					-

	Net book value
	At 30 June 2025					5,000
	At 30 June 2024					5,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Furniture, fixtures & fittings		Total
£			£		£
	Cost
	At 1 July 2024	9,249		7,800		17,049
	Additions	394		-		394
	At 30 June 2025	9,643		7,800		17,443

	Depreciation
	At 1 July 2024	2,968		2,408		5,376
	Charge for the year	1,201		971		2,172
	At 30 June 2025	4,169		3,379		7,548

	Net book value
	At 30 June 2025	5,474		4,421		9,895
	At 30 June 2024	6,281		5,392		11,673


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			767		570
	Taxation and social security costs			80		-
				847		570


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Other creditors			76,190		55,329


7	Other information

	SPD COV LTD is a private company limited by shares and incorporated in England. Its registered office is:
	41-43 Cromwell Street
	Coventry
	West Midlands
	United Kingdom
	CV6 5EY