SPRINGWELL CONTRACTS LTD

Company Registration Number:
NI670632 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

SPRINGWELL CONTRACTS LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

SPRINGWELL CONTRACTS LTD

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 163,975 126,483
Investments:   0 0
Total fixed assets: 163,975 126,483
Current assets
Stocks: 245,733 170,078
Debtors:   128,279 193,692
Cash at bank and in hand: 43,526 0
Investments:   0 0
Total current assets: 417,538 363,770
Creditors: amounts falling due within one year:   (443,804) (373,571)
Net current assets (liabilities): (26,266) (9,801)
Total assets less current liabilities: 137,709 116,682
Creditors: amounts falling due after more than one year:   (58,614) (19,023)
Provision for liabilities: (31,155) (24,032)
Total net assets (liabilities): 47,940 73,627
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 47,840 73,527
Shareholders funds: 47,940 73,627

The notes form part of these financial statements

SPRINGWELL CONTRACTS LTD

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2024
and signed on behalf of the board by:

Name: Stephen McCann
Status: Director

The notes form part of these financial statements

SPRINGWELL CONTRACTS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of the asset as follows: Plant and machinery - 25% Reducing Balance.

SPRINGWELL CONTRACTS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 23 19

SPRINGWELL CONTRACTS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 201,022
Additions 116,870
Disposals (38,792)
At 30 June 2023 279,100
Depreciation
At 01 July 2022 74,539
Charge for year 54,659
On disposals (14,073)
At 30 June 2023 115,125
Net book value
At 30 June 2023 163,975
At 30 June 2022 126,483