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Registration number: 14477041

Sprayitrite UK Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Sprayitrite UK Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Sprayitrite UK Limited

(Registration number: 14477041)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Intangible assets | 4 | 50,000 | 50,000
Tangible assets | 5 | 338,596 | 317,132
|  | 388,596 | 367,132
Current assets |  |  |
Stocks |  | 13,488 | 12,427
Debtors | 6 | 50,495 | 36,232
Cash at bank and in hand |  | 41,812 | 71,491
|  | 105,795 | 120,150
Creditors: Amounts falling due within one year | 7 | (343,468) | (363,549)
Net current liabilities |  | (237,673) | (243,399)
Total assets less current liabilities |  | 150,923 | 123,733
Provisions for liabilities |  | (7,988) | (5,040)
Net assets |  | 142,935 | 118,693
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 142,835 | 118,593
Shareholders' funds |  | 142,935 | 118,693

Sprayitrite UK Limited

(Registration number: 14477041)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 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; 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 July 2026 and signed on its behalf by:

......................................... D J Bailey Director

Sprayitrite UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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 provision of maintenance and repair of motor vehicles. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

Sprayitrite UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Asset class | Depreciation method and rate
Plant & Machinery | 20% Straight Line
Office Equipment | 20% Straight Line
Motor Vehicles | 25% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Nil

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.

Debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Sprayitrite UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.
The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.
Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2025 - 6).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2025 | 50,000 | 50,000
At 31 March 2026 | 50,000 | 50,000
Amortisation
Carrying amount
At 31 March 2026 | 50,000 | 50,000
At 31 March 2025 | 50,000 | 50,000

Sprayitrite UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Tangible assets

| Land and buildings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £
Cost or valuation
At 1 April 2025 | 290,068 | 37,022 | 1,206 | 8,000
Additions | - | 23,210 | 474 | 8,333
At 31 March 2026 | 290,068 | 60,232 | 1,680 | 16,333
Depreciation
At 1 April 2025 | - | 14,738 | 426 | 4,000
Charge for the year | - | 7,404 | 281 | 2,868
At 31 March 2026 | - | 22,142 | 707 | 6,868
Carrying amount
At 31 March 2026 | 290,068 | 38,090 | 973 | 9,465
At 31 March 2025 | 290,068 | 22,284 | 780 | 4,000

| Total £
Cost or valuation
At 1 April 2025 | 336,296
Additions | 32,017
At 31 March 2026 | 368,313
Depreciation
At 1 April 2025 | 19,164
Charge for the year | 10,553
At 31 March 2026 | 29,717
Carrying amount
At 31 March 2026 | 338,596
At 31 March 2025 | 317,132

Included within the net book value of land and buildings above is £290,068 (2025 - £290,068) in respect of freehold land and buildings.

Sprayitrite UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 45,130 | 32,356
Prepayments | 750 | 754
Other debtors | 4,615 | 3,122
| 50,495 | 36,232

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 8 | 320,352 | 325,352
Trade creditors |  | 8,586 | 3,257
Taxation and social security |  | 11,427 | 32,034
Other creditors |  | 3,103 | 2,906
|  | 343,468 | 363,549

Sprayitrite UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8 | Loans and borrowings

Current loans and borrowings

| 2026 £ | 2025 £
Other borrowings | 320,352 | 325,352

9 | Related party transactions

Sprayitrite Limited have an inter-company loan with Dan Bailey Building Limited. D Bailey is a director of both companies.
At the balance sheet date the amounts due to Dan Bailey Building Limited was £163,050 (2025: £163,050).
Sprayitrite Limited have an inter-company loan with Cotswold Meat Company Limited. N Passmore is a director of both companies.
At the balance sheet date the amounts due to Cotswold Meat Company Limited was £20,300 (2025: £20,300).
Sprayitrite Limited have an inter-company loan with Passmore Developments Limited. N Passmore is a director of both companies.
At the balance sheet date the amounts due to Passmore Developments Limited was £137,000 (2025: £142,000).