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REGISTERED NUMBER: 02022161 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CAPITAL SPRINGS AND PRESSINGS LIMITED

CAPITAL SPRINGS AND PRESSINGS LIMITED (REGISTERED NUMBER: 02022161)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPITAL SPRINGS AND PRESSINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: T R Watts
Mrs B M M Watts





SECRETARY: A R Watts





REGISTERED OFFICE: Unit H1
Commerce Way
Edenbridge
Kent
TN8 6ED





REGISTERED NUMBER: 02022161 (England and Wales)





ACCOUNTANTS: Currie Accountancy Limited
Chartered Accountants
First Floor
13a High Street
Edenbridge
Kent
TN8 5AB

CAPITAL SPRINGS AND PRESSINGS LIMITED (REGISTERED NUMBER: 02022161)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,009 70,552

CURRENT ASSETS
Stocks 22,504 23,135
Debtors 5 188,195 169,659
Cash at bank and in hand 240,934 222,269
451,633 415,063
CREDITORS
Amounts falling due within one year 6 77,359 87,380
NET CURRENT ASSETS 374,274 327,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

430,283

398,235

PROVISIONS FOR LIABILITIES 7 10,455 9,642
NET ASSETS 419,828 388,593

CAPITAL AND RESERVES
Called up share capital 60,001 60,001
Retained earnings 359,827 328,592
SHAREHOLDERS' FUNDS 419,828 388,593

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

CAPITAL SPRINGS AND PRESSINGS LIMITED (REGISTERED NUMBER: 02022161)

BALANCE SHEET - continued
31ST MARCH 2024


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 20th August 2024 and were signed on its behalf by:





T R Watts - Director


CAPITAL SPRINGS AND PRESSINGS LIMITED (REGISTERED NUMBER: 02022161)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Capital Springs and 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.

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.

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.
Short leasehold - in accordance with the property
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance

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.

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.

CAPITAL SPRINGS AND PRESSINGS LIMITED (REGISTERED NUMBER: 02022161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1st April 2023
and 31st March 2024 17,064 57,738 229,002
DEPRECIATION
At 1st April 2023 17,064 56,583 194,356
Charge for year - 173 5,197
At 31st March 2024 17,064 56,756 199,553
NET BOOK VALUE
At 31st March 2024 - 982 29,449
At 31st March 2023 - 1,155 34,646

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 16,688 44,800 365,292
DEPRECIATION
At 1st April 2023 15,537 11,200 294,740
Charge for year 773 8,400 14,543
At 31st March 2024 16,310 19,600 309,283
NET BOOK VALUE
At 31st March 2024 378 25,200 56,009
At 31st March 2023 1,151 33,600 70,552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 184,781 165,254
Other debtors 3,414 4,405
188,195 169,659

CAPITAL SPRINGS AND PRESSINGS LIMITED (REGISTERED NUMBER: 02022161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,670 46,015
Taxation and social security 30,245 32,568
Other creditors 15,444 8,797
77,359 87,380

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 10,455 13,186
Tax losses carried forward - (3,544 )
10,455 9,642

Deferred
tax
£   
Balance at 1st April 2023 9,642
Utilised during year 813
Balance at 31st March 2024 10,455

8. RELATED PARTY DISCLOSURES

The directors are trustees of the Capital Springs Retirement Benefit Scheme.

The scheme owns the property from which the company trades and the company paid rent of £42,000 (2023 £42,000).


9. ULTIMATE CONTROLLING PARTY

The company was controlled until 15th February 2023 by the director T R Watts by virtue of his majority shareholding in the company. He was paid dividends in accordance with his shareholdings. From 15th February 2023 A R Watts controlled the company through his majority shareholding.