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REGISTERED NUMBER: 12861514 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Spring Partners Ltd

Spring Partners Ltd (Registered number: 12861514)

Contents of the Financial Statements
for the year ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spring Partners Ltd

Company Information
for the year ended 30 September 2023







DIRECTORS: Miss N Lynch
Miss J Thompson





REGISTERED OFFICE: 128 City Road
London
EC1V 2NX





REGISTERED NUMBER: 12861514 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

Spring Partners Ltd (Registered number: 12861514)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133 583

CURRENT ASSETS
Debtors 5 394,247 283,882
Cash at bank and in hand 63,279 198,715
457,526 482,597
CREDITORS
Amounts falling due within one year 6 307,584 534,254
NET CURRENT ASSETS/(LIABILITIES) 149,942 (51,657 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,075

(51,074

)

PROVISIONS FOR LIABILITIES 33 111
NET ASSETS/(LIABILITIES) 150,042 (51,185 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 150,040 (51,187 )
150,042 (51,185 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Spring Partners Ltd (Registered number: 12861514)

Balance Sheet - continued
30 September 2023


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 13 November 2023 and were signed on its behalf by:




Miss N Lynch - Director



Miss J Thompson - Director


Spring Partners Ltd (Registered number: 12861514)

Notes to the Financial Statements
for the year ended 30 September 2023


1. STATUTORY INFORMATION

Spring Partners Ltd 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.

The directors consider that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

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.
Computer equipment - 33% on cost

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.

Spring Partners Ltd (Registered number: 12861514)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2022
and 30 September 2023 1,351
DEPRECIATION
At 1 October 2022 768
Charge for year 450
At 30 September 2023 1,218
NET BOOK VALUE
At 30 September 2023 133
At 30 September 2022 583

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 345,130 207,210
Other debtors 49,117 76,672
394,247 283,882

Spring Partners Ltd (Registered number: 12861514)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 171,497 289,413
Taxation and social security 85,727 117,773
Other creditors 50,360 127,068
307,584 534,254

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £70,000 (2022 - £96,514) were paid to the directors .

Included within creditors: amounts falling due within one year are directors' current accounts in the sum of £3,765 (2022: £37,403). The accounts are unsecured, interest free and carry no fixed date of repayment.