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REGISTERED NUMBER: 02530310 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Central Springs & Pressings Limited

Central Springs & Pressings Limited (Registered number: 02530310)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Central Springs & Pressings Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: B W Clark
M Fleming





SECRETARY: B W Clark





REGISTERED OFFICE: 155 Wells Road
Malvern Wells
Worcestershire
WR14 4HA





REGISTERED NUMBER: 02530310 (England and Wales)





ACCOUNTANTS: Attwoods
Perrott House
17 Bridge Street
Pershore
Worcestershire
WR10 1AJ

Central Springs & Pressings Limited (Registered number: 02530310)

Abridged Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 92,994 72,864
92,994 72,864

CURRENT ASSETS
Stocks 80,094 97,512
Debtors 327,747 266,077
Cash at bank and in hand 69,742 151,498
477,583 515,087
CREDITORS
Amounts falling due within one year 236,293 254,651
NET CURRENT ASSETS 241,290 260,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,284

333,300

CREDITORS
Amounts falling due after more than one
year

(18,486

)

(27,857

)

PROVISIONS FOR LIABILITIES (15,995 ) (11,803 )
NET ASSETS 299,803 293,640

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 299,703 293,540
SHAREHOLDERS' FUNDS 299,803 293,640

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.

Central Springs & Pressings Limited (Registered number: 02530310)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 September 2024 and were signed on its behalf by:




B W Clark - Director



M Fleming - Director


Central Springs & Pressings Limited (Registered number: 02530310)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Central 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.

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.

Industrial property rights
Industrial property rights are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Central Springs & Pressings Limited (Registered number: 02530310)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022
and 30 September 2023 50,400
AMORTISATION
At 1 October 2022
and 30 September 2023 50,400
NET BOOK VALUE

At 30 September 2023 -
At 30 September 2022 -

Central Springs & Pressings Limited (Registered number: 02530310)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 883,390
Additions 32,350
At 30 September 2023 915,740
DEPRECIATION
At 1 October 2022 810,526
Charge for year 12,220
At 30 September 2023 822,746
NET BOOK VALUE
At 30 September 2023 92,994
At 30 September 2022 72,864

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals
£   
COST
At 1 October 2022
and 30 September 2023 99,495
DEPRECIATION
At 1 October 2022
and 30 September 2023 46,972
NET BOOK VALUE
At 30 September 2023 52,523
At 30 September 2022 52,523