REGISTERED NUMBER: 03902162 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SPC INTERNATIONAL (FOOD) LIMITED

Page

Company Information

1

Report of the Directors

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr G M Mason

Mrs J Mason

Mr A Mason

REGISTERED OFFICE:

Tenacres

Barton Street

GRIMSBY

DN37 0RU

REGISTERED NUMBER:

03902162 (England and Wales)

ACCOUNTANTS:

Smethurst & Co

12 Abbey Road

GRIMSBY

DN32 0HL

BANKERS:

HSBC Bank plc

55 Victoria Street

GRIMSBY

DN31 1UX

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mr G M Mason

Mrs J Mason

Mr A Mason

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:

Mr G M Mason - Director

11 November 2025

FIXED ASSETS

Tangible assets

4

52,668

56,865

CURRENT ASSETS

Stocks

78,618

76,334

Debtors

50,818

155,774

Cash at bank

214,222

211,014

343,658

443,122

CREDITORS

Amounts falling due within one year

124,249

191,920

NET CURRENT ASSETS

219,409

251,202

TOTAL ASSETS LESS CURRENT LIABILITIES

272,077

308,067

CREDITORS

Amounts falling due after more than one year

(4,409

)

(14,807

)

PROVISIONS FOR LIABILITIES

(4,647

)

(5,280

)

NET ASSETS

263,021

287,980

CAPITAL AND RESERVES

Allotted, called up and

fully paid share capital

300

300

Profit and loss account

262,721

287,680

SHAREHOLDERS' FUNDS

263,021

287,980

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

Mr G M Mason - Director

1.	STATUTORY INFORMATION

SPC International (Food) 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.

Turnover

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

Tangible fixed assets

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

Improvements to property

-

2% Straight Line

Plant and machinery

-

25% Reducing Balance

Fixtures and fittings

-

25% Reducing Balance

Motor vehicles

-

20% Reducing Balance and 15% Reducing Balance

Computer equipment

-

25% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

128,565

Additions

4,167

Disposals

(4,600

)

At 31 March 2025

128,132

DEPRECIATION

At 1 April 2024

71,700

Charge for year

5,762

Eliminated on disposal

(1,998

)

At 31 March 2025

75,464

NET BOOK VALUE

At 31 March 2025

52,668

At 31 March 2024

56,865

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr G M Mason and Mrs J Mason

Balance outstanding at start of year

-

-

Amounts advanced

10,286

-

Amounts repaid

(3,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,286

-