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REGISTERED NUMBER: 02597522 (England and Wales)









Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Spring and Company Limited

Spring and Company Limited (Registered number: 02597522)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Report of the Directors 1

Balance Sheet 2

Notes to the Financial Statements 4


Spring and Company Limited (Registered number: 02597522)

Report of the Directors
for the Year Ended 31 January 2024

The directors present their report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of management consultancy.

DIRECTOR
Mr P P Spring held office during the whole of the period from 1 February 2023 to the date of this report.

Other changes in directors holding office are as follows:

Miss E E Spring , Mr I D Robinson and Mr J T Valentine were appointed as directors after 31 January 2024 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Miss E E Spring - Director


31 October 2024

Spring and Company Limited (Registered number: 02597522)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,680 3,968

CURRENT ASSETS
Stocks 462,000 435,000
Debtors 5 397,372 451,350
Cash at bank and in hand 53,435 79,235
912,807 965,585
CREDITORS
Amounts falling due within one year 6 (484,232 ) (398,446 )
NET CURRENT ASSETS 428,575 567,139
TOTAL ASSETS LESS CURRENT LIABILITIES 431,255 571,107

CREDITORS
Amounts falling due after more than one
year

7

(274,167

)

(424,167

)
NET ASSETS 157,088 146,940

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 156,688 146,540
157,088 146,940

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.

Spring and Company Limited (Registered number: 02597522)

Balance Sheet - continued
31 January 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 31 October 2024 and were signed on its behalf by:





Miss E E Spring - Director


Spring and Company Limited (Registered number: 02597522)

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

1. STATUTORY INFORMATION

Spring and Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02597522

Registered office: 213 Chestergate
Stockport
Cheshire
SK3 0AN

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, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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 11 (2023 - 11 ) .

Spring and Company Limited (Registered number: 02597522)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 129,938
DEPRECIATION
At 1 February 2023 125,970
Charge for year 1,288
At 31 January 2024 127,258
NET BOOK VALUE
At 31 January 2024 2,680
At 31 January 2023 3,968

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 279,063 381,492
Amounts owed by group undertakings 53,809 5,358
Other debtors 64,500 64,500
397,372 451,350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 90,000 90,000
Trade creditors 208,480 145,010
Taxation and social security 110,467 118,236
Other creditors 75,285 45,200
484,232 398,446

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 124,167 214,167
Other creditors 150,000 210,000
274,167 424,167