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REGISTERED NUMBER: 05446518 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Sprintoval 2005 Limited

Sprintoval 2005 Limited (Registered number: 05446518)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sprintoval 2005 Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S A Wordley
B M Wordley





SECRETARY: S A Wordley





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 05446518 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Sprintoval 2005 Limited (Registered number: 05446518)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,065 32,087
Investments 5 1 4
24,066 32,091

CURRENT ASSETS
Debtors 6 381,963 375,132
Cash at bank 29,689 153,252
411,652 528,384
CREDITORS
Amounts falling due within one year 7 48,191 41,118
NET CURRENT ASSETS 363,461 487,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

387,527

519,357

PROVISIONS FOR LIABILITIES 6,000 8,000
NET ASSETS 381,527 511,357

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 380,627 510,457
SHAREHOLDERS' FUNDS 381,527 511,357

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 26 March 2025 and were signed on its behalf by:




S A Wordley - Director


Sprintoval 2005 Limited (Registered number: 05446518)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sprintoval 2005 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.

Preparation of consolidated financial statements
The financial statements contain information about Sprintoval 2005 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Sprintoval 2005 Limited (Registered number: 05446518)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 101,400
DEPRECIATION
At 1 April 2023 69,313
Charge for year 8,022
At 31 March 2024 77,335
NET BOOK VALUE
At 31 March 2024 24,065
At 31 March 2023 32,087

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 4
Disposals (3 )
At 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 4

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,680
Amounts owed by group undertakings 41,639 37,857
Other debtors 340,324 335,595
381,963 375,132

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,000 -
Amounts owed to group undertakings 3,350 -
Taxation and social security 37,940 37,831
Other creditors 3,901 3,287
48,191 41,118

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 March 2024 the company was owed £256,900 (2023 - £253,138) by a former director and family member of the current directors.

Sprintoval 2005 Limited (Registered number: 05446518)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of 4 Ashes Property Holdings Limited, a company with a registered office address of Church Court, Stourbridge Road, Halesowen, West Midlands B63 3TT.