SP Bespoke Systems Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12357839

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,212		23,063

			3,212		23,063
CURRENT ASSETS
Debtors	5	879,645		344,493
Cash at bank and in hand		207,687		149,055

		1,087,332		493,548
Creditors: Amounts Falling Due Within One Year	6	(798,370 )		(467,625 )

NET CURRENT ASSETS (LIABILITIES)			288,962		25,923

TOTAL ASSETS LESS CURRENT LIABILITIES			292,174		48,986

Creditors: Amounts Falling Due After More Than One Year	7		(31,451 )		(37,180 )

NET ASSETS			260,723		11,806

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			260,623		11,706

SHAREHOLDERS' FUNDS			260,723		11,806

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SP Bespoke Systems Ltd

Balance Sheet (continued)

As At 31 December 2025

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 Peter Jeanes

Director

10/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

SP Bespoke Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12357839 . The registered office is Floor 2, 2 West street, Bourne, Lincolnshire, PE10 9NE.

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:

Motor Vehicles	Straight line over 4 years
Fixtures & Fittings	Straight line over 3 years
Office equipment	Straight line over 3 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. 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.

...CONTINUED

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SP Bespoke Systems Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation - continued

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: 14 (2024: 14)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Office equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	56,189	10,874	13,838	80,901
Additions	-	-	2,325	2,325

As at 31 December 2025	56,189	10,874	16,163	83,226

Depreciation
As at 1 January 2025	42,141	7,595	8,102	57,838
Provided during the period	14,048	2,946	5,182	22,176

As at 31 December 2025	56,189	10,541	13,284	80,014

Net Book Value
As at 31 December 2025	-	333	2,879	3,212

As at 1 January 2025	14,048	3,279	5,736	23,063

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	194,419	110,505
Other debtors	685,226	233,988

	879,645	344,493

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	27,639	15,882
Bank loans and overdrafts	49,839	-
Other creditors	538,784	423,185
Taxation and social security	182,108	28,558

	798,370	467,625

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SP Bespoke Systems Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	31,451	37,180

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	31,451	37,180

9. Share Capital

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

10. Post Balance Sheet Events

In accordance with FRS 102 Section 32 (Events After the End of the Reporting Period), the following non-adjusting post balance sheet event is disclosed.

On 12 March 2026, the directors of the company approved the financial statements for the year ended 31 December 2025 and, having satisfied themselves that the company had sufficient distributable reserves, recommended a final dividend of £2,315.00 per Ordinary £1 share. This dividend was subsequently declared by the shareholders at a general meeting held on the same date, amounting to a total distribution of £231,500.00.

As this dividend was declared after the balance sheet date of 31 December 2025, it has not been recognised as a liability in these financial statements. The dividend will be reflected in the financial statements for the year ending 31 December 2026.

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