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REGISTERED NUMBER: 02072870 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Small Order Springs & Pressings Limited

Small Order Springs & Pressings Limited (Registered number: 02072870)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Small Order Springs & Pressings Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mrs K Bunting
D J Swadling





SECRETARY: Mrs K Bunting





REGISTERED OFFICE: Unit 2 Packet Boat Lane
Cowley
Uxbridge
Middlesex
UB8 2JP





REGISTERED NUMBER: 02072870 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Small Order Springs & Pressings Limited (Registered number: 02072870)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 17,882 21,582
Tangible assets 6 189,112 204,632
206,994 226,214

CURRENT ASSETS
Stocks 90,000 75,000
Debtors 7 823,961 548,566
Cash at bank and in hand 741,508 814,445
1,655,469 1,438,011
CREDITORS
Amounts falling due within one
year

8

229,569

172,734
NET CURRENT ASSETS 1,425,900 1,265,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,632,894

1,491,491

PROVISIONS FOR LIABILITIES 32,571 34,402
NET ASSETS 1,600,323 1,457,089

CAPITAL AND RESERVES
Called up share capital 9 100,101 100,101
Retained earnings 1,500,222 1,356,988
SHAREHOLDERS' FUNDS 1,600,323 1,457,089

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:





D J Swadling - Director


Small Order Springs & Pressings Limited (Registered number: 02072870)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Small Order Springs & 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.

Small Order Springs & Pressings Limited (Registered number: 02072870)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 22 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 169,905
AMORTISATION
At 1 February 2022 148,323
Amortisation for year 3,700
At 31 January 2023 152,023
NET BOOK VALUE
At 31 January 2023 17,882
At 31 January 2022 21,582

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2022 1,333,473 58,742 219,159 1,611,374
Additions 96,293 3,830 - 100,123
Disposals (2,000 ) - - (2,000 )
At 31 January 2023 1,427,766 62,572 219,159 1,709,497
DEPRECIATION
At 1 February 2022 1,282,677 53,600 70,465 1,406,742
Charge for year 69,963 4,184 41,496 115,643
Eliminated on disposal (2,000 ) - - (2,000 )
At 31 January 2023 1,350,640 57,784 111,961 1,520,385
NET BOOK VALUE
At 31 January 2023 77,126 4,788 107,198 189,112
At 31 January 2022 50,796 5,142 148,694 204,632

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 262,074 190,177
Amounts owed by group undertakings 530,587 276,827
Other debtors 31,300 81,562
823,961 548,566

Small Order Springs & Pressings Limited (Registered number: 02072870)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 68,333 27,482
Taxation and social security 151,950 138,055
Other creditors 9,286 7,197
229,569 172,734

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,100 Ordinary A £1 100,100 100,100
1 Ordinary B £1 1 1
100,101 100,101

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are DJ Swadling and K Bunting by virtue of their controlling shareholding of the parent company, Small Order Springs & Pressings Holdings Limited.