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REGISTERED NUMBER: 01459221 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SPRING LANE BUILDERS MERCHANTS LIMITED

SPRING LANE BUILDERS MERCHANTS LIMITED (REGISTERED NUMBER: 01459221)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPRING LANE BUILDERS MERCHANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: D T Winter
B J Whitmore





SECRETARY: Mrs P Whitmore





REGISTERED OFFICE: 56 Spring Lane
South Norwood
London
SE25 4SP





REGISTERED NUMBER: 01459221 (England and Wales)





ACCOUNTANTS: Upton Neenan Lees
Chartered Accountants
21-23 Croydon Road
Caterham
Surrey
CR3 6PA

SPRING LANE BUILDERS MERCHANTS LIMITED (REGISTERED NUMBER: 01459221)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 369,560 278,560

CURRENT ASSETS
Stocks 163,041 158,711
Debtors 5 312,286 255,894
Cash at bank 1,355,632 1,128,754
1,830,959 1,543,359
CREDITORS
Amounts falling due within one year 6 (428,164 ) (241,045 )
NET CURRENT ASSETS 1,402,795 1,302,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,772,355

1,580,874

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 1,770,355 1,578,874
1,772,355 1,580,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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

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 30 June 2024 and were signed on its behalf by:



B J Whitmore - Director


SPRING LANE BUILDERS MERCHANTS LIMITED (REGISTERED NUMBER: 01459221)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Spring Lane Builders Merchants 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

SPRING LANE BUILDERS MERCHANTS LIMITED (REGISTERED NUMBER: 01459221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 22,041 677,859 699,900
Additions - 107,250 107,250
At 31 October 2023 22,041 785,109 807,150
DEPRECIATION
At 1 November 2022 21,641 399,699 421,340
Charge for year - 16,250 16,250
At 31 October 2023 21,641 415,949 437,590
NET BOOK VALUE
At 31 October 2023 400 369,160 369,560
At 31 October 2022 400 278,160 278,560

5. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 186,190 255,894

Amounts falling due after more than one year:
Trade debtors 126,096 -

Aggregate amounts 312,286 255,894

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 340,318 102,018
Taxation and social security 74,852 126,033
Other creditors 12,994 12,994
428,164 241,045