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REGISTERED NUMBER: 13770235 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SPRING PROFESSIONAL LAUNDRY SERVICE LTD

SPRING PROFESSIONAL LAUNDRY SERVICE LTD (REGISTERED NUMBER: 13770235)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPRING PROFESSIONAL LAUNDRY SERVICE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Y Muhamad





REGISTERED OFFICE: C/o Gordon Wood Scott & Partners Ltd
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX





BUSINESS ADDRESS: 108B Stapleton Road
Easton
Bristol
BS5 0PR





REGISTERED NUMBER: 13770235 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

SPRING PROFESSIONAL LAUNDRY SERVICE LTD (REGISTERED NUMBER: 13770235)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 45,630 59,962

CURRENT ASSETS
Debtors 5 4,982 1,720
Cash at bank 9,702 21,410
14,684 23,130
CREDITORS
Amounts falling due within one year 6 (140,614 ) (148,689 )
NET CURRENT LIABILITIES (125,930 ) (125,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,300

)

(65,597

)

PROVISIONS FOR LIABILITIES 7 - (1,460 )
NET LIABILITIES (80,300 ) (67,057 )

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings (80,310 ) (67,067 )
SHAREHOLDERS' FUNDS (80,300 ) (67,057 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 PROFESSIONAL LAUNDRY SERVICE LTD (REGISTERED NUMBER: 13770235)

BALANCE SHEET - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were authorised and approved by the director and authorised for issue on 31 October 2024 and were signed by:





Y Muhamad - Director


SPRING PROFESSIONAL LAUNDRY SERVICE LTD (REGISTERED NUMBER: 13770235)

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

1. STATUTORY INFORMATION

Spring Professional Laundry Service Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

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 - over the term of the lease
Plant and machinery - 20% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


SPRING PROFESSIONAL LAUNDRY SERVICE LTD (REGISTERED NUMBER: 13770235)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 15,602 65,202 80,804
DEPRECIATION
At 1 April 2023 7,801 13,041 20,842
Charge for year 3,900 10,432 14,332
At 31 March 2024 11,701 23,473 35,174
NET BOOK VALUE
At 31 March 2024 3,901 41,729 45,630
At 31 March 2023 7,801 52,161 59,962

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Deferred tax asset 1,644 -
Prepayments and accrued income 3,338 1,720
4,982 1,720

SPRING PROFESSIONAL LAUNDRY SERVICE LTD (REGISTERED NUMBER: 13770235)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,714 9,800
Tax & social security - VAT 1,728 1,126
Other creditors 1,207 2,760
Directors' loan accounts 134,315 134,003
Accruals and deferred income 650 1,000
140,614 148,689

7. PROVISIONS FOR LIABILITIES
31.3.23
£   
Deferred tax
Accelerated capital allowances 10,956
Tax losses carried forward (9,496 )
1,460

Deferred
tax
£   
Balance at 1 April 2023 1,460
Provided during year (3,104 )
Balance at 31 March 2024 (1,644 )

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10 Ordinary £1 10 10

9. OTHER FINANCIAL COMMITMENTS

The total amount of commitments that are not included in the balance sheet are £10,800 (2023: £23,000). The commitments relate to rent payable in future periods up the expiry date of the leases.

10. RELATED PARTY DISCLOSURES

At the year end the director was owed £134,315 (£134,003 : 2023) by the company. The loan is unsecured interest free and repayable on demand.