Registration number: 02610504

Spedo (UK) Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Statement of Comprehensive Income	5
Balance Sheet	6
Statement of Changes in Equity	7
Notes to the Unaudited Financial Statements	8 to 13

Spedo (UK) Limited

Company Information

Directors

Mr Peter John Holden Mrs Gillian Holden

Registered office

Horsenford Farm Long Lane Forncett St Mary Norwich, Norfolk Norfolk NR16 1JW

Accountants

Calum Ward & Co Accountants Ltd Market House Church Street Harleston Norfolk IP20 9BB

Spedo (UK) Limited

Directors' Report for the Year Ended 30 September 2025

The directors present their report and the financial statements for the year ended 30 September 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Peter John Holden

Mrs Gillian Holden

Principal activity

The principal activity of the company is Handling specialists

Small companies provision statement

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

Approved and authorised by the Board on 24 September 2026 and signed on its behalf by:
 

......................................... Mr Peter John Holden Director

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Spedo (UK) Limited
for the Year Ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Spedo (UK) Limited for the year ended 30 September 2025 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Spedo (UK) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Spedo (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Spedo (UK) Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spedo (UK) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Spedo (UK) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Spedo (UK) Limited. You consider that Spedo (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Spedo (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Calum Ward & Co Accountants Ltd
Market House
Church Street
Harleston
Norfolk
IP20 9BB

24 September 2026

Spedo (UK) Limited

Profit and Loss Account for the Year Ended 30 September 2025

	Note	2025 £	2024 £
Turnover		1,024,361	1,220,513
Cost of sales		(407,187)	(354,224)
Gross profit		617,174	866,289
Administrative expenses		(683,576)	(762,806)
Operating (loss)/profit		(66,402)	103,483
Interest payable and similar expenses		-	(19,600)
(Loss)/profit before tax	4	(66,402)	83,883
Tax on (loss)/profit		-	(990)
(Loss)/profit for the financial year		(66,402)	82,893

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Spedo (UK) Limited

Statement of Comprehensive Income for the Year Ended 30 September 2025

	2025 £	2024 £
(Loss)/profit for the year	(66,402)	82,893
Total comprehensive income for the year	(66,402)	82,893

Spedo (UK) Limited

(Registration number: 02610504)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	350,825	378,577
Investments	6	1	1
		350,826	378,578
Current assets
Stocks	7	606,021	658,359
Debtors	8	122,545	88,787
Cash at bank and in hand		1,424,472	1,429,089
		2,153,038	2,176,235
Creditors: Amounts falling due within one year	9	(47,559)	(28,106)
Net current assets		2,105,479	2,148,129
Total assets less current liabilities		2,456,305	2,526,707
Provisions for liabilities		(12,753)	(12,753)
Net assets		2,443,552	2,513,954
Capital and reserves
Called up share capital	10	100	100
Retained earnings		2,443,452	2,513,854
Shareholders' funds		2,443,552	2,513,954

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 24 September 2026 and signed on its behalf by:
 

......................................... Mr Peter John Holden Director

Spedo (UK) Limited

Statement of Changes in Equity for the Year Ended 30 September 2025

	Share capital £	Retained earnings £	Total £
At 1 October 2024	100	2,513,854	2,513,954
Loss for the year	-	(66,402)	(66,402)
Dividends	-	(4,000)	(4,000)
At 30 September 2025	100	2,443,452	2,443,552

	Share capital £	Retained earnings £	Total £
At 1 October 2023	100	2,430,961	2,431,061
Profit for the year	-	82,893	82,893
At 30 September 2024	100	2,513,854	2,513,954

Spedo (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Horsenford Farm
Long Lane
Forncett St Mary
Norwich, Norfolk
Norfolk
NR16 1JW

These financial statements were authorised for issue by the Board on 24 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Spedo (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Spedo (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 12).

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	17,985	29,853

Spedo (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5	Tangible assets

	Land and buildings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2024	338,503	294,055	111,088	743,646
Additions	-	233	-	233
Disposals	-	-	(35,000)	(35,000)
At 30 September 2025	338,503	294,288	76,088	708,879
Depreciation
At 1 October 2024	42,900	225,364	96,805	365,069
Charge for the year	6,771	10,338	876	17,985
Eliminated on disposal	-	-	(25,000)	(25,000)
At 30 September 2025	49,671	235,702	72,681	358,054
Carrying amount
At 30 September 2025	288,832	58,586	3,407	350,825
At 30 September 2024	295,603	68,691	14,283	378,577

Included within the net book value of land and buildings above is £288,832 (2024 - £295,603) in respect of freehold land and buildings.
 

6	Investments

	2025 £	2024 £
Investments in subsidiaries	1	1