1 May 2023 false Taxfiler 2024.6 05068856business:PrivateLimitedCompanyLtd2023-05-012024-04-30 050688562023-04-30 050688562023-05-012024-04-30 05068856business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 05068856business:AbridgedAccounts2023-05-012024-04-30 050688562024-04-30 05068856business:Director12023-05-012024-04-30 05068856business:Director22023-05-012024-04-30 05068856business:CompanySecretary12023-05-012024-04-30 05068856business:RegisteredOffice2023-05-012024-04-30 050688562023-04-30 05068856core:WithinOneYear2024-04-30 05068856core:WithinOneYear2023-04-30 05068856core:AfterOneYear2024-04-30 05068856core:AfterOneYear2023-04-30 05068856core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 05068856core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 05068856core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 05068856core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 05068856core:PreviouslyStatedAmount2024-04-30 05068856core:PreviouslyStatedAmount2023-04-30 05068856business:SmallEntities2023-05-012024-04-30 05068856countries:EnglandWales2023-05-012024-04-30 05068856core:PlantMachinery2023-05-012024-04-30 05068856core:MotorVehicles2023-05-012024-04-30 05068856core:FurnitureFittings2023-05-012024-04-30 05068856core:ComputerEquipment2023-05-012024-04-30 05068856business:OrdinaryShareClass12023-05-012024-04-30 05068856business:OrdinaryShareClass12022-05-012023-04-30 050688562022-05-012023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 05068856 (England and Wales)
Spring Capital Limited Unaudited accounts for the year ended 30 April 2024
Spring Capital Limited Unaudited accounts Contents
Page
- 2 -
Spring Capital Limited Company Information for the year ended 30 April 2024
Directors
Mr SJ Thomas Mr RC Thomas
Secretary
RC Thomas
Company Number
05068856 (England and Wales)
Registered Office
The White House Satwell Henley-on-Thames Oxon. RG9 4QZ
- 3 -
Spring Capital Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
664 
964 
Investments
1,333,861 
1,852,777 
1,334,525 
1,853,741 
Current assets
Inventories
1,095,003 
1,164,236 
Debtors
8,278 
3,954 
Investments
9,046,761 
6,203,998 
Cash at bank and in hand
3,137,878 
2,515,407 
13,287,920 
9,887,595 
Creditors: amounts falling due within one year
(345,804)
(295,034)
Net current assets
12,942,116 
9,592,561 
Total assets less current liabilities
14,276,641 
11,446,302 
Creditors: amounts falling due after more than one year
(2,146,228)
(2,640,796)
Net assets
12,130,413 
8,805,506 
Capital and reserves
Called up share capital
202,000 
202,000 
Profit and loss account
11,928,413 
8,603,506 
Shareholders' funds
12,130,413 
8,805,506 
For the 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by
Mr RC Thomas Director Company Registration No. 05068856
- 4 -
Spring Capital Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Spring Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 05068856. The registered office is The White House, Satwell, Henley-on-Thames, Oxon., RG9 4QZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Interest receivable on commercial loans is shown separately as other operating income.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are not recognised where their recoverability is uncertain. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10%
Motor vehicles
25%
Fixtures & fittings
15%
Computer equipment
25%
Investments
Investments held as fixed or current assets are valued at the lower of cost and net realisable value, unless they are held as current assets and they are readily realisable, e.g. listed shares, in which case they are carried at fair value.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads incurred in bringing each product to its present location on a first in, first out basis.
- 5 -
Spring Capital Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
85,444 
Disposals
(83,465)
At 30 April 2024
1,979 
Depreciation
At 1 May 2023
84,480 
Charge for the year
300 
On disposals
(83,465)
At 30 April 2024
1,315 
Net book value
At 30 April 2024
664 
At 30 April 2023
964 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
202,000 Ordinary shares of £1 each
202,000 
202,000 
6
Transactions with related parties
Creditors due after more than one year include amounts of £1,034,873 (2023 - 1,529,792) owning to the directors and connected parties.
7
Controlling party
The company is under the control of Mr SJ Thomas and his associate, who own 64% of the company's share capital.
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).
- 6 -