Spring Corner Limited 07892095 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the provision of veterinary activities. Digita Accounts Production Advanced 6.30.9574.0 true 07892095 2023-05-01 2024-04-30 07892095 2024-04-30 07892095 core:RetainedEarningsAccumulatedLosses 2024-04-30 07892095 core:ShareCapital 2024-04-30 07892095 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 07892095 bus:SmallEntities 2023-05-01 2024-04-30 07892095 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07892095 bus:FullAccounts 2023-05-01 2024-04-30 07892095 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07892095 bus:RegisteredOffice 2023-05-01 2024-04-30 07892095 bus:Director1 2023-05-01 2024-04-30 07892095 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07892095 core:Goodwill 2023-05-01 2024-04-30 07892095 core:FurnitureFittings 2023-05-01 2024-04-30 07892095 core:LandBuildings 2023-05-01 2024-04-30 07892095 core:MotorVehicles 2023-05-01 2024-04-30 07892095 core:PlantMachinery 2023-05-01 2024-04-30 07892095 countries:EnglandWales 2023-05-01 2024-04-30 07892095 2023-04-30 07892095 2022-05-01 2023-04-30 07892095 2023-04-30 07892095 core:RetainedEarningsAccumulatedLosses 2023-04-30 07892095 core:ShareCapital 2023-04-30 07892095 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 07892095

Spring Corner Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Spring Corner Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Spring Corner Limited

(Registration number: 07892095)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

330,802

372,482

Tangible assets

5

671,740

649,833

 

1,002,542

1,022,315

Current assets

 

Stocks

19,965

19,965

Debtors

353,905

46,935

Cash at bank and in hand

 

645,958

707,106

 

1,019,828

774,006

Creditors: Amounts falling due within one year

(698,301)

(660,718)

Net current assets

 

321,527

113,288

Total assets less current liabilities

 

1,324,069

1,135,603

Provisions for liabilities

(46,086)

(43,460)

Net assets

 

1,277,983

1,092,143

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

1,276,983

1,091,143

Total equity

 

1,277,983

1,092,143

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 16 January 2025
 

T Spencer

Director

 

Spring Corner Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Spring Corner
4 Knyveton Road
Bournemouth
Dorset
BH1 3QN
England

These financial statements were authorised for issue by the director on 16 January 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Spring Corner Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% straight line

Plant and machinery

20% reducing balance

Fixtures and fittings

33% straight line

Motor vehicles

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2023 - 27).

4

Intangible assets

Total
£

Cost or valuation

At 1 May 2023

833,567

At 30 April 2024

833,567

Amortisation

At 1 May 2023

461,087

Amortisation charge

41,678

At 30 April 2024

502,765

Carrying amount

At 30 April 2024

330,802

At 30 April 2023

372,482

 

Spring Corner Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Total
£

Cost or valuation

At 1 May 2023

1,202,543

Additions

75,344

At 30 April 2024

1,277,887

Depreciation

At 1 May 2023

552,708

Charge for the year

53,439

At 30 April 2024

606,147

Carrying amount

At 30 April 2024

671,740

At 30 April 2023

649,833

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £16,504 (2023 - £27,388).