REGISTERED NUMBER: 00904107 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Spiring Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Spiring

Mrs J S Howe

SECRETARY:

P J Spiring

REGISTERED OFFICE:

Unit 8e Gillmans Ind Estate

Natts Lane

Billingshurst

West Sussex

RH14 9EZ

REGISTERED NUMBER:

00904107 (England and Wales)

ACCOUNTANTS:

Bullimores LLP

Chartered Accountants

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

FIXED ASSETS

Tangible assets

4

300,876

309,881

Investments

5

213,693

1,061,195

514,569

1,371,076

CURRENT ASSETS

Stocks

8,984

23,645

Debtors

6

77,896

57,491

Cash at bank

456,373

348,462

543,253

429,598

CREDITORS

Amounts falling due within one year

7

32,096

31,712

NET CURRENT ASSETS

511,157

397,886

TOTAL ASSETS LESS CURRENT LIABILITIES

1,025,726

1,768,962

ACCRUALS AND DEFERRED INCOME

14,497

16,348

NET ASSETS

1,011,229

1,752,614

CAPITAL AND RESERVES

Called up share capital

675

1,000

Retained earnings

1,010,554

1,751,614

1,011,229

1,752,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 17 November 2025 and were signed on its behalf by:

P J Spiring - Director

1.	STATUTORY INFORMATION

Spiring Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

No depreciation is provided on freehold land.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Pension costs and other post-retirement benefits

The company contributes to defined contribution pension schemes fro employees and directors. Contributions payable to the schemes are charged to profit or loss in the period to which they relate.

Fixed asset investments

Fixed asset investments are held at valuation less any provision for impairment.

Valuation of the investments is performed at the company year end with any surplus or deficit recorded in the profit and loss account. Income and expenses are included in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

295,850

1,059,812

1,355,662

DEPRECIATION

At 1 April 2024

44,640

1,001,141

1,045,781

Charge for year

1,400

7,605

9,005

At 31 March 2025

46,040

1,008,746

1,054,786

NET BOOK VALUE

At 31 March 2025

249,810

51,066

300,876

At 31 March 2024

251,210

58,671

309,881

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

1,061,195

Disposals

(854,834

)

Revaluations

(5,827

)

Dividends received

13,159

At 31 March 2025

213,693

NET BOOK VALUE

At 31 March 2025

213,693

At 31 March 2024

1,061,195

Listed investments are valued at the end of each financial year.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

73,180

46,163

Other debtors

1,056

7,612

VAT

3,660

3,716

77,896

57,491

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

10,382

11,044

Social security and other taxes

15,487

18,418

Accrued expenses

6,227

2,250

32,096

31,712

8.	RELATED PARTY DISCLOSURES

During the year, the company repurchased 325 ordinary £1 shares from a related party for £436,605. The transaction was approved by members and funded from distributable reserves. No further obligations remain outstanding.