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Registered number: 04449064
SPECIALIST POWER SYSTEMS LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2025
Godfrey Laws & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04449064
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,665 -
Tangible Assets 5 416,880 362,849
421,545 362,849
CURRENT ASSETS
Debtors 6 1,328,191 1,287,533
Cash at bank and in hand 2,050,074 1,142,464
3,378,265 2,429,997
Creditors: Amounts Falling Due Within One Year 7 (1,795,212 ) (1,243,744 )
NET CURRENT ASSETS (LIABILITIES) 1,583,053 1,186,253
TOTAL ASSETS LESS CURRENT LIABILITIES 2,004,598 1,549,102
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,961 ) (24,947 )
NET ASSETS 1,982,637 1,524,155
CAPITAL AND RESERVES
Called up share capital 8 102 102
Profit and Loss Account 1,982,535 1,524,053
SHAREHOLDERS' FUNDS 1,982,637 1,524,155
Page 1
Page 2
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Yeeles
Director
14/07/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SPECIALIST POWER SYSTEMS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04449064 . The registered office is Unit 3 Kempston Court, Manor Road, Kempston Hardwick, Bedfordshire, MK43 9PQ.
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 from maintenance contracts is recognized and accounted for over the period of service delivery.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, has been amortised evenly over its estimated useful life of five years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Computer software is being amortised evenly over its estimated useful life of three years.
2.5. 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 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on cost
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2024: 27)
28 27
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2025 30,996 40,006 71,002
Additions - 6,998 6,998
As at 31 December 2025 30,996 47,004 78,000
Amortisation
As at 1 January 2025 30,996 40,006 71,002
Provided during the period - 2,333 2,333
As at 31 December 2025 30,996 42,339 73,335
Net Book Value
As at 31 December 2025 - 4,665 4,665
As at 1 January 2025 - - -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2025 1,360 10,097 625,383 22,360
Additions - - 203,082 166
Disposals - - (107,827 ) -
As at 31 December 2025 1,360 10,097 720,638 22,526
Depreciation
As at 1 January 2025 1,360 9,740 275,797 17,489
Provided during the period - 89 102,711 983
Disposals - - (62,785 ) -
As at 31 December 2025 1,360 9,829 315,723 18,472
Net Book Value
As at 31 December 2025 - 268 404,915 4,054
As at 1 January 2025 - 357 349,586 4,871
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 January 2025 45,953 705,153
Additions 4,377 207,625
Disposals - (107,827 )
As at 31 December 2025 50,330 804,951
Depreciation
As at 1 January 2025 37,918 342,304
Provided during the period 4,769 108,552
Disposals - (62,785 )
As at 31 December 2025 42,687 388,071
Net Book Value
As at 31 December 2025 7,643 416,880
As at 1 January 2025 8,035 362,849
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,249,611 1,214,328
Other debtors 78,580 73,205
1,328,191 1,287,533
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 817,011 537,277
Loan account - Ajar (465 ) (465 )
Other creditors 429,599 273,960
Taxation and social security 549,067 432,972
1,795,212 1,243,744
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 102 102
Page 5