Spitfire Engineering Designs Limited

Spitfire Engineering Designs Limited
Statement of Financial Position
As at 31 May 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	670	1,190
		670	1,190
Current assets
Stocks	4	25,500	24,900
Debtors	5	11,197	8,440
Cash at bank and in hand		3,881	6,396
		40,578	39,736
Creditors: amount falling due within one year	6	(14,510)	(6,904)
Net current assets		26,068	32,832

Total assets less current liabilities		26,738	34,022
Creditors: amount falling due after more than one year	7	(5,191)	(6,749)
Net assets		21,547	27,273

Capital and reserves
Called up share capital		100	100
Profit and loss account		21,447	27,173
Shareholders' funds		21,547	27,273

For the year ended 31 May 2026 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 15 October 2026 and were signed on its behalf by:

-------------------------------
Gary Suffling
Director

Spitfire Engineering Designs Limited
Notes to the Financial Statements
For the year ended 31 May 2026

General Information

Spitfire Engineering Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 06549228, registration address 19 Westminster Crescent, Burn Bridge, Harrogate, North Yorkshire, HG3 1LX.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Research and development expenditure

Research and development expenditure is charged to the income statement in the period in which it is incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	20% Reducing Balance
Computer Equipment	33% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 2 (2025 : 2).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 June 2025	4,526	3,250	7,776
Additions	-	-	-
Disposals	-	-	-
At 31 May 2026	4,526	3,250	7,776
Depreciation
At 01 June 2025	3,911	2,675	6,586
Charge for year	192	328	520
On disposals	-	-	-
At 31 May 2026	4,103	3,003	7,106
Net book values
Closing balance as at 31 May 2026	423	247	670
Opening balance as at 01 June 2025	615	575	1,190

Stocks

	2026 £		2025 £
Stocks	25,500		24,900
	25,500		24,900

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	6,020	2,362
Other Debtors	5,177	6,078
	11,197	8,440

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	2,684	708
Bank Loans & Overdrafts	1,848	1,847
Taxation and Social Security	0	3,599
Other Creditors	9,978	750
	14,510	6,904

Creditors: amount falling due after more than one year

	2026 £		2025 £
Bank Loans & Overdrafts	5,191		6,749
	5,191		6,749

Advances and Credits

G & T Suffling
During the year ended 31st May 2026, the Company repaid £23,374 of the loan to the Directors, and the Directors advanced a further £33,286 to the Company. The loans are interest free and repayable on demand.

Current year (2026)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
G & T Suffling	(732)		33,286		0		23,374		0		0		9,180
	(732)		33,286		0		23,374		0		0		9,180

Previous year (2025)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
G & T Suffling	4,083		9,163		0		13,978		0		0		(732)
	4,083		9,163		0		13,978		0		0		(732)