Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2023-03-01falseCoaching services11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07557358 2023-03-01 2024-02-29 07557358 2022-03-01 2023-02-28 07557358 2024-02-29 07557358 2023-02-28 07557358 c:Director1 2023-03-01 2024-02-29 07557358 d:CurrentFinancialInstruments 2024-02-29 07557358 d:CurrentFinancialInstruments 2023-02-28 07557358 d:Non-currentFinancialInstruments 2024-02-29 07557358 d:Non-currentFinancialInstruments 2023-02-28 07557358 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07557358 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07557358 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 07557358 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 07557358 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 07557358 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 07557358 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 07557358 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 07557358 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-29 07557358 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 07557358 d:ShareCapital 2024-02-29 07557358 d:ShareCapital 2023-02-28 07557358 d:RetainedEarningsAccumulatedLosses 2024-02-29 07557358 d:RetainedEarningsAccumulatedLosses 2023-02-28 07557358 c:FRS102 2023-03-01 2024-02-29 07557358 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07557358 c:FullAccounts 2023-03-01 2024-02-29 07557358 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07557358 2 2023-03-01 2024-02-29 07557358 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 07557358










SPRINGBOARD CONTRACTORS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
SPRINGBOARD CONTRACTORS LTD
REGISTERED NUMBER: 07557358

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
27,186
21,317

Cash at bank and in hand
 5 
262
12,349

  
27,448
33,666

Creditors: amounts falling due within one year
 6 
(19,095)
(16,335)

Net current assets
  
 
 
8,353
 
 
17,331

Total assets less current liabilities
  
8,353
17,331

Creditors: amounts falling due after more than one year
 7 
(8,199)
(9,196)

  

Net assets
  
154
8,135


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
153
8,134

  
154
8,135


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
SPRINGBOARD CONTRACTORS LTD
REGISTERED NUMBER: 07557358
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Thomas Franklin
Director

Date: 25 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SPRINGBOARD CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Springboard Contractors Ltd is a private company, limited by shares. The company is registered in England and Wales and domiciled in the UK. The address of it's registered office is 1 Vincent Square, London SW1P 2PN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
SPRINGBOARD CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
SPRINGBOARD CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
20,326
15,938

Tax recoverable
6,860
5,379

27,186
21,317



5.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
262
12,349

262
12,349



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Other loans
1,250
1,489

Corporation tax
17,845
14,846

19,095
16,335



7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Other loans
8,199
9,196

8,199
9,196


Page 5

 
SPRINGBOARD CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Other loans
1,250
1,489


1,250
1,489

Amounts falling due 1-2 years

Other loans
1,250
1,489


1,250
1,489

Amounts falling due 2-5 years

Other loans
3,750
4,467


3,750
4,467

Amounts falling due after more than 5 years

Other loans
3,199
3,240

3,199
3,240

9,449
10,685



9.


Related party transactions

At the balance sheet date, an amount of £20,326 (2023 - £15,938) was owed to the company by the director, Thomas Franklin. Interest at a commercial rate of £405 (2023 - £101) has been charged on this loan. 

Page 6