2023-06-012024-05-312024-05-31false12610627SPRING ME TO 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SPRING ME TO LIMITED

Registered Number
12610627
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

SPRING ME TO LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

Niamh Hughes

Registered Address

5 Albert Road
Southsea
PO5 2SE

Registered Number

12610627 (England and Wales)
SPRING ME TO LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors31,8825,461
Cash at bank and on hand6555,843
2,53711,304
Creditors amounts falling due within one year4(8,113)(6,087)
Net current assets (liabilities)(5,576)5,217
Total assets less current liabilities(5,576)5,217
Net assets(5,576)5,217
Capital and reserves
Called up share capital22
Profit and loss account(5,578)5,215
Shareholders' funds(5,576)5,217
The financial statements were approved and authorised for issue by the Director on 19 November 2024, and are signed on its behalf by:
Niamh Hughes
Director
Registered Company No. 12610627
SPRING ME TO LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The financial statements have been prepared on a going concern basis as the shareholders have agreed to support the business.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20242023
Average number of employees during the year12
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables6593,690
Amounts owed by associates and joint ventures / participating interests-1,771
Other debtors1,223-
Total1,8825,461
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1421,704
Amounts owed to related parties7,3191,103
Taxation and social security282,555
Accrued liabilities and deferred income624725
Total8,1136,087
5.Related party transactions
The director maintains an interest free loan with the company. The balance owed to the director as at 31 May 2024 was £7,319 (2023 - £1,771 owed to the company).