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REGISTERED NUMBER: 02072870 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

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 2024




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 2024







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 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 14,182 17,882
Tangible assets 6 118,837 189,112
133,019 206,994

CURRENT ASSETS
Stocks 98,000 90,000
Debtors 7 777,996 823,961
Cash at bank and in hand 923,737 741,508
1,799,733 1,655,469
CREDITORS
Amounts falling due within one
year

8

236,616

229,569
NET CURRENT ASSETS 1,563,117 1,425,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,696,136

1,632,894

PROVISIONS FOR LIABILITIES 26,084 32,571
NET ASSETS 1,670,052 1,600,323

CAPITAL AND RESERVES
Called up share capital 9 100,101 100,101
Retained earnings 1,569,951 1,500,222
SHAREHOLDERS' FUNDS 1,670,052 1,600,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 24 July 2024 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 2024

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 2024

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 20 (2023 - 21 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 169,905
AMORTISATION
At 1 February 2023 152,023
Amortisation for year 3,700
At 31 January 2024 155,723
NET BOOK VALUE
At 31 January 2024 14,182
At 31 January 2023 17,882

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 1,427,766 62,572 219,159 1,709,497
Additions 3,310 6,163 - 9,473
At 31 January 2024 1,431,076 68,735 219,159 1,718,970
DEPRECIATION
At 1 February 2023 1,350,640 57,784 111,961 1,520,385
Charge for year 34,802 3,450 41,496 79,748
At 31 January 2024 1,385,442 61,234 153,457 1,600,133
NET BOOK VALUE
At 31 January 2024 45,634 7,501 65,702 118,837
At 31 January 2023 77,126 4,788 107,198 189,112

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 215,304 262,074
Amounts owed by group undertakings 530,587 530,587
Other debtors 32,105 31,300
777,996 823,961

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

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 47,814 68,333
Taxation and social security 180,122 151,950
Other creditors 8,680 9,286
236,616 229,569

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
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.