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REGISTERED NUMBER: 01181130 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 September 2024

for

Springfield Pressings Limited

Springfield Pressings Limited (Registered number: 01181130)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Springfield Pressings Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: T J Holt
S D Ingham





REGISTERED OFFICE: 378 Thurmaston Boulevard
Leicester
LE4 9LE





REGISTERED NUMBER: 01181130 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Springfield Pressings Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Springfield Pressings Limited for the year ended 30 September 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Springfield Pressings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Springfield Pressings Limited and state those matters that we have agreed to state to the Board of Directors of Springfield Pressings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Springfield Pressings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Springfield Pressings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Springfield Pressings Limited. You consider that Springfield Pressings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Springfield Pressings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


27 January 2025

Springfield Pressings Limited (Registered number: 01181130)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 638,407 640,026

CURRENT ASSETS
Stocks 360,945 348,348
Debtors 5 426,891 1,449,142
Cash at bank 671,633 60,209
1,459,469 1,857,699
CREDITORS
Amounts falling due within one year 6 320,794 376,388
NET CURRENT ASSETS 1,138,675 1,481,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,777,082

2,121,337

CREDITORS
Amounts falling due after more than
one year

7

(17,655

)

(264,531

)

PROVISIONS FOR LIABILITIES (50,262 ) (46,657 )
NET ASSETS 1,709,165 1,810,149

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 1,708,165 1,809,149
SHAREHOLDERS' FUNDS 1,709,165 1,810,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Pressings Limited (Registered number: 01181130)

Statement of Financial Position - continued
30 September 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 Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





T J Holt - Director


Springfield Pressings Limited (Registered number: 01181130)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Springfield Pressings 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.
Freehold property - 2% on cost
Leasehold improvements - 25% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Springfield Pressings Limited (Registered number: 01181130)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Freehold Leasehold Plant and
property improvements machinery
£    £    £   
COST
At 1 October 2023 664,993 81,691 604,236
Additions - - 19,995
Disposals - - -
At 30 September 2024 664,993 81,691 624,231
DEPRECIATION
At 1 October 2023 85,000 81,691 574,250
Charge for year 8,800 - 18,963
Eliminated on disposal - - -
At 30 September 2024 93,800 81,691 593,213
NET BOOK VALUE
At 30 September 2024 571,193 - 31,018
At 30 September 2023 579,993 - 29,986

Springfield Pressings Limited (Registered number: 01181130)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 105,287 70,550 1,526,757
Additions 21,550 - 41,545
Disposals (16,850 ) (65,085 ) (81,935 )
At 30 September 2024 109,987 5,465 1,486,367
DEPRECIATION
At 1 October 2023 79,341 66,449 886,731
Charge for year 14,037 1,364 43,164
Eliminated on disposal (16,850 ) (65,085 ) (81,935 )
At 30 September 2024 76,528 2,728 847,960
NET BOOK VALUE
At 30 September 2024 33,459 2,737 638,407
At 30 September 2023 25,946 4,101 640,026

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 422,468 640,659
Other debtors - 801,633
Prepayments and accrued income 4,423 6,850
426,891 1,449,142

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts (see note 8) - 19,802
Hire purchase contracts 12,686 29,490
Trade creditors 176,249 182,472
Corporation tax 26,044 26,600
Social security and other taxes 15,861 20,555
VAT 66,766 68,389
Other creditors 1,474 909
Accruals and deferred income 21,714 28,171
320,794 376,388

Springfield Pressings Limited (Registered number: 01181130)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 8) - 244,057
Hire purchase contracts 17,655 20,474
17,655 264,531

8. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - 19,802

Amounts falling due between one and two years:
Bank loans - 1-2 years - 244,057

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans - 263,859
Hire purchase contracts 30,341 49,964
30,341 313,823

Assets financed by hire purchase are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
800 Ordinary £1 800 1,000
200 Ordinary A £1 200 -
1,000 1,000

During the year 200 Ordinary shares of £1 each were reclassified to 200 Ordinary A Shares of £1 each.

Springfield Pressings Limited (Registered number: 01181130)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


11. OTHER FINANCIAL COMMITMENTS

At the end of the year the company was committed to expenditure under non-cancellable operating leases totalling £465,306 (2023: £544,361).