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REGISTERED NUMBER: 04870747 (England and Wales)















SPRINGFIELD PRECISION ENGINEERING LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






SPRINGFIELD PRECISION ENGINEERING LTD (REGISTERED NUMBER: 04870747)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Report of the Accountants 5

SPRINGFIELD PRECISION ENGINEERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: S Wood





SECRETARY:





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
Huddersfield
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 04870747 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

SPRINGFIELD PRECISION ENGINEERING LTD (REGISTERED NUMBER: 04870747)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 8,027 9,688

CURRENT ASSETS
Inventories 5 400 400
Debtors 6 15,989 18,174
Cash at bank 116,582 95,750
132,971 114,324
CREDITORS
Amounts falling due within one year 7 34,178 30,437
NET CURRENT ASSETS 98,793 83,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,820

93,575

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 106,720 93,475
SHAREHOLDERS' FUNDS 106,820 93,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 19 February 2025 and were signed by:





S Wood - Director


SPRINGFIELD PRECISION ENGINEERING LTD (REGISTERED NUMBER: 04870747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Springfield Precision Engineering Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue 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.
Plant and Machinery - 20% on reducing balance
Office Equipment - 20% on cost
Motor Vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 1 (2023 - 1 ) .

SPRINGFIELD PRECISION ENGINEERING LTD (REGISTERED NUMBER: 04870747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Office Motor
Machinery Equipment Vehicles Totals
£    £    £    £   
COST
At 1 August 2023 12,591 2,489 16,650 31,730
Additions 601 137 - 738
At 31 July 2024 13,192 2,626 16,650 32,468
DEPRECIATION
At 1 August 2023 11,367 1,830 8,845 22,042
Charge for year 265 183 1,951 2,399
At 31 July 2024 11,632 2,013 10,796 24,441
NET BOOK VALUE
At 31 July 2024 1,560 613 5,854 8,027
At 31 July 2023 1,224 659 7,805 9,688

5. INVENTORIES
2024 2023
£    £   
Stocks 400 400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,907 18,088
Other debtors 82 86
15,989 18,174

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,931 994
Taxation and social security 8,668 9,643
Other creditors 22,579 19,800
34,178 30,437

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

SPRINGFIELD PRECISION ENGINEERING LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
SPRINGFIELD PRECISION ENGINEERING LTD

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


19 February 2025