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Company Registration No. 11683978 (England and Wales)
SPRINGWOOD FMC LTD Unaudited accounts for the year ended 30 November 2023
SPRINGWOOD FMC LTD Unaudited accounts Contents
Page
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SPRINGWOOD FMC LTD Company Information for the year ended 30 November 2023
Director
Olatayo Aderibigbe
Secretary
Olatayo Aderibigbe
Company Number
11683978 (England and Wales)
Registered Office
Unit 47, Wenta Business Centre Innova Park Electric Avenue Enfield England EN3 7XU
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
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SPRINGWOOD FMC LTD Accountants' report
Accountants' report to the director of SPRINGWOOD FMC LTD on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SPRINGWOOD FMC LTD for the year ended 30 November 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SPRINGWOOD FMC LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SPRINGWOOD FMC LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SPRINGWOOD FMC LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SPRINGWOOD FMC LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SPRINGWOOD FMC LTD. You consider that SPRINGWOOD FMC LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SPRINGWOOD FMC LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 30 August 2024
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SPRINGWOOD FMC LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
416 
519 
Current assets
Debtors
39,718 
39,718 
Cash at bank and in hand
660 
1,228 
40,378 
40,946 
Creditors: amounts falling due within one year
(9,102)
(4,133)
Net current assets
31,276 
36,813 
Total assets less current liabilities
31,692 
37,332 
Creditors: amounts falling due after more than one year
(28,500)
(37,500)
Net assets/(liabilities)
3,192 
(168)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
2,192 
(1,168)
Shareholders' funds
3,192 
(168)
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2024 and were signed on its behalf by
Olatayo Aderibigbe Director Company Registration No. 11683978
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SPRINGWOOD FMC LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
SPRINGWOOD FMC LTD is a private company, limited by shares, registered in England and Wales, registration number 11683978. The registered office is Unit 47, Wenta Business Centre, Innova Park Electric Avenue, Enfield, England, EN3 7XU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25
Fixtures & fittings
10
Computer equipment
25
Other tangible fixed assets
20
Going concern
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
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SPRINGWOOD FMC LTD Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
200 
1,130 
1,330 
At 30 November 2023
200 
1,130 
1,330 
Depreciation
At 1 December 2022
69 
742 
811 
Charge for the year
13 
90 
103 
At 30 November 2023
82 
832 
914 
Net book value
At 30 November 2023
118 
298 
416 
At 30 November 2022
131 
388 
519 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
1,568 
1,568 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
38,150 
38,150 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
2,780 
2,780 
Taxes and social security
895 
108 
Other creditors
5,187 
1,005 
Accruals
240 
240 
9,102 
4,133 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
28,500 
37,500 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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