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REGISTERED NUMBER: 02022161 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

FOR

CAPITAL SPRINGS AND PRESSINGS LIMITED

CAPITAL SPRINGS AND PRESSINGS LIMITED (REGISTERED NUMBER: 02022161)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPITAL SPRINGS AND PRESSINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTORS: T R Watts
Mrs B M M Watts





SECRETARY: A R Watts





REGISTERED OFFICE: Unit H1
Commerce Way
Edenbridge
Kent
TN8 6ED





REGISTERED NUMBER: 02022161 (England and Wales)





ACCOUNTANTS: Currie Accountancy Limited
Chartered Accountants
First Floor
13a High Street
Edenbridge
Kent
TN8 5AB

CAPITAL SPRINGS AND PRESSINGS LIMITED (REGISTERED NUMBER: 02022161)

BALANCE SHEET
31ST MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,043 45,105

CURRENT ASSETS
Stocks 24,967 19,453
Debtors 5 167,182 201,125
Cash at bank and in hand 263,659 242,931
455,808 463,509
CREDITORS
Amounts falling due within one year 6 89,455 88,016
NET CURRENT ASSETS 366,353 375,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,396

420,598

PROVISIONS FOR LIABILITIES 7 8,110 8,266
NET ASSETS 402,286 412,332

CAPITAL AND RESERVES
Called up share capital 60,001 60,001
Retained earnings 342,285 352,331
SHAREHOLDERS' FUNDS 402,286 412,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

CAPITAL SPRINGS AND PRESSINGS LIMITED (REGISTERED NUMBER: 02022161)

BALANCE SHEET - continued
31ST MARCH 2022


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 15th August 2022 and were signed on its behalf by:





T R Watts - Director


CAPITAL SPRINGS AND PRESSINGS LIMITED (REGISTERED NUMBER: 02022161)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022


1. STATUTORY INFORMATION

Capital Springs and Pressings 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.

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.
Short leasehold - in accordance with the property
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CAPITAL SPRINGS AND PRESSINGS LIMITED (REGISTERED NUMBER: 02022161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2021 - 17 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
At 1st April 2021 17,064 57,738 221,787 17,914 314,503
Additions - - 7,215 - 7,215
At 31st March 2022 17,064 57,738 229,002 17,914 321,718
DEPRECIATION
At 1st April 2021 17,064 56,136 181,050 15,148 269,398
Charge for year - 243 7,191 843 8,277
At 31st March 2022 17,064 56,379 188,241 15,991 277,675
NET BOOK VALUE
At 31st March 2022 - 1,359 40,761 1,923 44,043
At 31st March 2021 - 1,602 40,737 2,766 45,105

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 159,802 195,872
Other debtors 7,380 5,253
167,182 201,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 48,876 40,146
Taxation and social security 31,490 43,204
Other creditors 9,089 4,666
89,455 88,016

7. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances 8,110 8,266

CAPITAL SPRINGS AND PRESSINGS LIMITED (REGISTERED NUMBER: 02022161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st April 2021 8,266
Credit to Income Statement during year (156 )
Balance at 31st March 2022 8,110

8. RELATED PARTY DISCLOSURES

The directors are trustees of the Capital Springs Retirement Benefit Scheme.

The scheme owns the property from which the company trades and the company paid rent of £42,000 (2021 £42,000).






9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by the director T R Watts by virtue of his majority shareholding in the company. He was paid dividends in accordance with these holdings.