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Registered number: 10717418
Spartan Crew Ltd
Financial Statements
For the Period 1 May 2025 to 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10717418
31 December 2025 30 April 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,905 15,669
Investments 5 5,250 5,250
40,155 20,919
CURRENT ASSETS
Debtors 7 216,421 51,258
Cash at bank and in hand 64,390 53,170
280,811 104,428
Creditors: Amounts Falling Due Within One Year 8 (248,532 ) (169,946 )
NET CURRENT ASSETS (LIABILITIES) 32,279 (65,518 )
TOTAL ASSETS LESS CURRENT LIABILITIES 72,434 (44,599 )
Creditors: Amounts Falling Due After More Than One Year 9 (42,230 ) (48,818 )
NET ASSETS/(LIABILITIES) 30,204 (93,417 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 30,104 (93,517 )
SHAREHOLDERS' FUNDS 30,204 (93,417)
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For the period 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 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 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
Andrew Brennan
Director
3 September 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Spartan Crew Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10717418 . The registered office is Unit 7 Titan Business Estate, Ffinch Street, London, SE8 5QA.
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 4 years
Motor Vehicles 8 years
Fixtures & Fittings 6 years
Computer Equipment 5 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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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: 8 (2025: 11)
8 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2025 1,075 18,500 21,001 19,187 59,763
Additions - 21,990 1,263 - 23,253
As at 31 December 2025 1,075 40,490 22,264 19,187 83,016
Depreciation
As at 1 May 2025 1,076 6,745 20,072 16,201 44,094
Provided during the period - 2,687 273 1,057 4,017
As at 31 December 2025 1,076 9,432 20,345 17,258 48,111
Net Book Value
As at 31 December 2025 (1 ) 31,058 1,919 1,929 34,905
As at 1 May 2025 (1 ) 11,755 929 2,986 15,669
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5. Investments
Unlisted
£
Cost or Valuation
As at 1 May 2025 5,250
As at 31 December 2025 5,250
Provision
As at 1 May 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 5,250
As at 1 May 2025 5,250
6. Stocks
31 December 2025 30 April 2025
£ £
7. Debtors
31 December 2025 30 April 2025
£ £
Due within one year
Trade debtors 199,166 44,074
Other debtors 15,780 7,184
Director's loan account 1,475 -
216,421 51,258
8. Creditors: Amounts Falling Due Within One Year
31 December 2025 30 April 2025
£ £
Net obligations under finance lease and hire purchase contracts 1,444 -
Trade creditors 17,100 30,930
Bank loans and overdrafts 103,394 -
Other loans 66,000 70,000
Corporation tax 6,072 -
Other taxes and social security 17,072 16,366
VAT 33,828 12,209
Net wages 430 12,025
...CONTINUED
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Other creditors 442 5,986
Accruals and deferred income 2,750 3,088
Director's loan account - 19,342
248,532 169,946
9. Creditors: Amounts Falling Due After More Than One Year
31 December 2025 30 April 2025
£ £
Net obligations under finance lease and hire purchase contracts - 4,496
Bank loans 42,230 44,322
42,230 48,818
10. Obligations Under Finance Leases and Hire Purchase
31 December 2025 30 April 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,444 -
Later than one year and not later than five years - 4,496
1,444 4,496
1,444 4,496
11. Share Capital
31 December 2025 30 April 2025
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Andrew Brennan (11,404 ) 13,001 - - 1,597
The above loan is unsecured, interest free and repayable on demand.
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