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REGISTERED NUMBER: 00574897 (England and Wales)












SPRINGFIELD LIGHT METAL AND MOTOR WORKS
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SPRINGFIELD LIGHT METAL AND MOTOR WORKS
LIMITED (REGISTERED NUMBER: 00574897)






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


SPRINGFIELD LIGHT METAL AND MOTOR WORKS
LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: Mrs L D Higgins





SECRETARY: Mrs L D Higgins





REGISTERED OFFICE: Wey Court West
Union Road
Farnham
Surrey
GU9 7PT





REGISTERED NUMBER: 00574897 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

SPRINGFIELD LIGHT METAL AND MOTOR WORKS
LIMITED (REGISTERED NUMBER: 00574897)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 154,435 156,246

CURRENT ASSETS
Debtors 5 4,500 6,992
Cash at bank 66,265 27,898
70,765 34,890
CREDITORS
Amounts falling due within one year 6 (44,108 ) (17,214 )
NET CURRENT ASSETS 26,657 17,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,092

173,922

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 180,092 172,922
SHAREHOLDERS' FUNDS 181,092 173,922

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 her 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.

SPRINGFIELD LIGHT METAL AND MOTOR WORKS
LIMITED (REGISTERED NUMBER: 00574897)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





Mrs L D Higgins - Director


SPRINGFIELD LIGHT METAL AND MOTOR WORKS
LIMITED (REGISTERED NUMBER: 00574897)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Springfield Light Metal and Motor Works 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.
Short leasehold - Straight line over the life of the lease

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Short
leasehold
£   
COST
At 1 April 2023
and 31 March 2024 213,010
DEPRECIATION
At 1 April 2023 56,764
Charge for year 1,811
At 31 March 2024 58,575
NET BOOK VALUE
At 31 March 2024 154,435
At 31 March 2023 156,246

SPRINGFIELD LIGHT METAL AND MOTOR WORKS
LIMITED (REGISTERED NUMBER: 00574897)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued income - 2,492
Prepayments 4,500 4,500
4,500 6,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,421 2,160
Tax 9,004 8,978
VAT 1,986 4,373
Directors' current accounts 27,089 3
Accrued expenses 2,608 1,700
44,108 17,214

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000