Spire Business Communications Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04363053 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Spire Business Communications Limited

Page

Company Information

1

Report of the Directors

2

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

D C Ross

P J Valentine

REGISTERED OFFICE:

Unit 12 Elgar Business Centre

Moseley Road

Hallow

Worcestershire

REGISTERED NUMBER:

04363053 (England and Wales)

ACCOUNTANTS:

Sysum Howard Duggan Accountants Ltd

Unit 14

Elgar Business Centre

Moseley Road

Worcester

Worcestershire

WR2 6NJ

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Wholesale of electronic and telecommunications equipment and parts

REVIEW OF BUSINESS

During the year ended 31 March 2026, Spire Business Communications Limited continued its transition from a traditional telecommunications provider into a broader managed technology services business. This strategic evolution has resulted in significant growth in turnover while requiring substantial investment in people, systems, service delivery and operational capability.

Turnover increased by more than 42%, demonstrating continued customer confidence and successful expansion of the company's managed IT, Microsoft Cloud, connectivity and professional services offerings. While gross profit margin reduced during the period due to changes in service mix and increased supplier costs, the Directors consider this to be consistent with the company's long-term strategy of increasing recurring managed service revenues and strengthening customer retention.

The business continued to invest heavily in recruitment, expanding the workforce from eight to thirteen employees. This investment has strengthened project delivery, customer support and technical capability while creating the infrastructure necessary for future growth.

The Directors recognise that sustained growth places additional demands on operational processes. Consequently, significant emphasis has been placed on strengthening the Quality Management System, improving project governance, developing documented procedures, enhancing customer communications and investing in employee competence.

During the reporting period the Directors also recognised several strategic priorities:

• improving consistency across technical service delivery;

• strengthening project management and customer success activities;

• increasing documentation and knowledge management;

• developing measurable operational KPIs;

• improving supplier performance monitoring;

• enhancing cyber security governance;

• preparing the organisation for continued scalable growth.

The Directors remain satisfied that the plans previously agreed continue to support the organisation's strategic objectives and provides an appropriate framework for managing operational risk whilst delivering high levels of customer satisfaction.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2025 to the date of this report.

D C Ross

P J Valentine

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

ON BEHALF OF THE BOARD:

P J Valentine - Director

11 September 2026

FIXED ASSETS

Intangible assets

4

71,397

Tangible assets

5

43,419

49,173

114,816

120,570

CURRENT ASSETS

Stocks

35,463

35,171

Debtors

6

213,306

55,240

Cash at bank and in hand

38,335

37,134

287,104

127,545

CREDITORS

Amounts falling due within one year

7

281,177

181,565

NET CURRENT ASSETS/(LIABILITIES)

5,927

(54,020

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

120,743

66,550

PROVISIONS FOR LIABILITIES

8,250

9,343

NET ASSETS

112,493

57,207

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

112,491

57,205

112,493

57,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2026 and were signed on its behalf by:

P J Valentine - Director

D C Ross - Director

1.	STATUTORY INFORMATION

Spire Business Communications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

71,397

NET BOOK VALUE

At 31 March 2026

71,397

At 31 March 2025

71,397

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2025

32,827

91,494

124,321

Additions

3,478

995

4,473

At 31 March 2026

36,305

92,489

128,794

DEPRECIATION

At 1 April 2025

18,437

56,711

75,148

Charge for year

2,772

7,455

10,227

At 31 March 2026

21,209

64,166

85,375

NET BOOK VALUE

At 31 March 2026

15,096

28,323

43,419

At 31 March 2025

14,390

34,783

49,173

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

85,091

2,004

Other debtors

5,316

5,641

Directors' loan accounts

59,144

-

Prepayments and accrued income

63,755

47,595

213,306

55,240

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

35,109

12,237

Trade creditors

116,149

116,732

Tax

29,494

22,341

Social security and other taxes

15,052

4,633

VAT

43,318

13,240

Other creditors

(1,133

)

-

Directors' loan accounts

-

5,013

Accruals and deferred income

43,188

7,369

281,177

181,565

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

D C Ross

Balance outstanding at start of year

(4,254

)

(5,873

)

Amounts advanced

31,541

1,619

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

27,287

(4,254

)

P J Valentine

Balance outstanding at start of year

(759

)

(20

)

Amounts advanced

32,616

-

Amounts repaid

-

(739

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

31,857

(759

)

The directors loan account are repayable on demand and the balances were cleared after the year end.