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REGISTERED NUMBER: 11263888 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR


SPRINGWOOD INSIGHTS LIMITED


SPRINGWOOD INSIGHTS LIMITED (REGISTERED NUMBER: 11263888)


CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2023











Page



Company Information  

1



Abridged Balance Sheet  

2



Notes to the Financial Statements  

3




SPRINGWOOD INSIGHTS LIMITED


COMPANY INFORMATION

For The Year Ended 31 March 2023









DIRECTOR:

V B Schultz







REGISTERED OFFICE:

7a Abbey Business Park


Monks Walk


Farnham


Surrey


GU9 8HT







REGISTERED NUMBER:

11263888 (England and Wales)


SPRINGWOOD INSIGHTS LIMITED (REGISTERED NUMBER: 11263888)


ABRIDGED BALANCE SHEET

31 March 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

-


119



Investments

5

323,804


304,240



323,804


304,359




CURRENT ASSETS

Debtors

1,160


1,144



Cash at bank

55,370


59,351



56,530


60,495



CREDITORS

Amounts falling due within one year

142,498


105,226



NET CURRENT LIABILITIES

(85,968

)

(44,731

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

237,836


259,628




CAPITAL AND RESERVES

Called up share capital

10


10



Retained earnings

237,826


259,618



SHAREHOLDERS' FUNDS

237,836


259,628




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges his 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 2023 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 director and authorised for issue on 24 September 2023 and were signed by:






V B Schultz - Director



SPRINGWOOD INSIGHTS LIMITED (REGISTERED NUMBER: 11263888)


NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2023



1.

STATUTORY INFORMATION



Springwood Insights 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 as modified by the revaluation of certain assets.    



Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Computer equipment -33% straight line.


Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.


Taxation

Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2022 - 1 ) .


4.

TANGIBLE FIXED ASSETS


Totals

£   



COST


At 1 April 2022


and 31 March 2023

3,320




DEPRECIATION


At 1 April 2022

3,201




Charge for year

119




At 31 March 2023

3,320




NET BOOK VALUE


At 31 March 2023

-




At 31 March 2022

119




SPRINGWOOD INSIGHTS LIMITED (REGISTERED NUMBER: 11263888)


NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2023



5.

FIXED ASSET INVESTMENTS



Information on investments other than loans is as follows:


Totals

£   



COST OR VALUATION


At 1 April 2022

304,240




Revaluations

19,564




At 31 March 2023

323,804




NET BOOK VALUE


At 31 March 2023

323,804




At 31 March 2022

304,240





The fixed asset investment is held in USD. In the year, there was a revaluation gain of £19,564 (2022 - gain of £13,313) as a result of converting to GBP as at the balance sheet date.