IRIS Accounts Production v25.1.0.734 04286417 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042864172023-12-31042864172024-12-31042864172024-01-012024-12-31042864172022-12-31042864172023-01-012023-12-31042864172023-12-3104286417ns15:EnglandWales2024-01-012024-12-3104286417ns14:PoundSterling2024-01-012024-12-3104286417ns10:Director12024-01-012024-12-3104286417ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104286417ns10:SmallEntities2024-01-012024-12-3104286417ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3104286417ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104286417ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104286417ns10:FullAccounts2024-01-012024-12-310428641712024-01-012024-12-3104286417ns10:Director22024-01-012024-12-3104286417ns10:Director32024-01-012024-12-3104286417ns10:Director42024-01-012024-12-3104286417ns10:RegisteredOffice2024-01-012024-12-3104286417ns5:CurrentFinancialInstruments2024-12-3104286417ns5:CurrentFinancialInstruments2023-12-3104286417ns5:Non-currentFinancialInstruments2024-12-3104286417ns5:Non-currentFinancialInstruments2023-12-3104286417ns5:ShareCapital2024-12-3104286417ns5:ShareCapital2023-12-3104286417ns5:RetainedEarningsAccumulatedLosses2024-12-3104286417ns5:RetainedEarningsAccumulatedLosses2023-12-3104286417ns5:NetGoodwill2024-01-012024-12-3104286417ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3104286417ns5:LeaseholdImprovements2024-01-012024-12-3104286417ns5:FurnitureFittings2024-01-012024-12-3104286417ns5:NetGoodwill2023-12-3104286417ns5:NetGoodwill2024-12-3104286417ns5:NetGoodwill2023-12-3104286417ns5:LandBuildings2023-12-3104286417ns5:PlantMachinery2023-12-3104286417ns5:LandBuildings2024-01-012024-12-3104286417ns5:PlantMachinery2024-01-012024-12-3104286417ns5:LandBuildings2024-12-3104286417ns5:PlantMachinery2024-12-3104286417ns5:LandBuildings2023-12-3104286417ns5:PlantMachinery2023-12-3104286417ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104286417ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104286417ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-12-3104286417ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3104286417ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3104286417ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3104286417ns5:WithinOneYear2024-12-3104286417ns5:WithinOneYear2023-12-3104286417ns5:BetweenOneFiveYears2024-12-3104286417ns5:BetweenOneFiveYears2023-12-3104286417ns5:MoreThanFiveYears2024-12-3104286417ns5:MoreThanFiveYears2023-12-3104286417ns5:AllPeriods2024-12-3104286417ns5:AllPeriods2023-12-3104286417ns5:Secured2024-12-3104286417ns5:Secured2023-12-31042864173ns10:Director32023-12-31042864173ns10:Director32022-12-31042864173ns10:Director32024-01-012024-12-31042864173ns10:Director32023-01-012023-12-31042864173ns10:Director32024-12-31042864173ns10:Director32023-12-31042864171ns10:Director12023-12-31042864171ns10:Director12022-12-31042864171ns10:Director12024-01-012024-12-31042864171ns10:Director12023-01-012023-12-31042864171ns10:Director12024-12-31042864171ns10:Director12023-12-31
REGISTERED NUMBER: 04286417 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Springfield Health Services Limited

Springfield Health Services Limited (Registered number: 04286417)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Springfield Health Services Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr R Bennett
Mr M R Bennett
Ms L Bennett
Mrs E T Bennett





REGISTERED OFFICE: c/o Wilson Partners Limited
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN





REGISTERED NUMBER: 04286417 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Springfield Health Services Limited (Registered number: 04286417)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 8,167
Tangible assets 5 2,012,798 2,061,044
2,012,798 2,069,211

CURRENT ASSETS
Stocks 1,950 1,950
Debtors 6 1,576,605 1,393,892
Cash at bank and in hand 372,238 193,941
1,950,793 1,589,783
CREDITORS
Amounts falling due within one year 7 (733,411 ) (727,914 )
NET CURRENT ASSETS 1,217,382 861,869
TOTAL ASSETS LESS CURRENT LIABILITIES 3,230,180 2,931,080

CREDITORS
Amounts falling due after more than one year 8 (505,568 ) (599,250 )

PROVISIONS FOR LIABILITIES (54,428 ) (49,701 )
NET ASSETS 2,670,184 2,282,129

CAPITAL AND RESERVES
Called up share capital 150,100 150,100
Retained earnings 2,520,084 2,132,029
SHAREHOLDERS' FUNDS 2,670,184 2,282,129

Springfield Health Services Limited (Registered number: 04286417)

Balance Sheet - continued
31 December 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 23 April 2025 and were signed on its behalf by:





Mr M R Bennett - Director


Springfield Health Services Limited (Registered number: 04286417)

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

1. STATUTORY INFORMATION

Springfield Health Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future that affect the position shown in the accounts.

Turnover
The turnover shown in the profit and loss account represents fees receivable for services provided during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 33.33% on cost, 20% on reducing balance and 10% on cost

Freehold buildings are depreciated to expected residual value over their estimated useful life of 30 years. Where the company applies a policy of regular maintenance to buildings where it is unlikely that technological or economic obsolescence will occur and the future residual value is unlikely to be less than the original cost, no depreciation is charged in respect of the buildings.

Tangible fixed assets are included at cost less depreciation and impairment.

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

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.


Springfield Health Services Limited (Registered number: 04286417)

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

2. ACCOUNTING POLICIES - continued
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.

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 129 (2023 - 141 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 313,345
AMORTISATION
At 1 January 2024 305,178
Charge for year 8,167
At 31 December 2024 313,345
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 8,167

Springfield Health Services Limited (Registered number: 04286417)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 1,271,701 2,286,870 3,558,571
Additions - 54,606 54,606
Disposals - (45,513 ) (45,513 )
At 31 December 2024 1,271,701 2,295,963 3,567,664
DEPRECIATION
At 1 January 2024 - 1,497,527 1,497,527
Charge for year - 103,721 103,721
Eliminated on disposal - (46,382 ) (46,382 )
At 31 December 2024 - 1,554,866 1,554,866
NET BOOK VALUE
At 31 December 2024 1,271,701 741,097 2,012,798
At 31 December 2023 1,271,701 789,343 2,061,044

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 56,360 46,833
Other debtors 1,520,245 1,347,059
1,576,605 1,393,892

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 9) 91,894 85,102
Trade creditors 73,495 212,436
Taxation and social security 349,239 322,467
Other creditors 218,783 107,909
733,411 727,914

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 9) 505,568 599,250

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 321,780 258,842

Springfield Health Services Limited (Registered number: 04286417)

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

9. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 91,894 85,102

Amounts falling due between one and two years:
Bank loans - 1-2 years 91,894 85,102

Amounts falling due between two and five years:
Bank loans - 2-5 years 91,894 255,306

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 321,780 258,842

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 14,067 9,596
Between one and five years 24,674 33,039
In more than five years 6,085 -
44,826 42,635

11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 597,462 684,352

The bank loans are secured by a first legal mortgage over the company's freehold property and a fixed and floating charge over all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital.

Springfield Health Services Limited (Registered number: 04286417)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Ms L Bennett
Balance outstanding at start of year 1,495 1,495
Amounts advanced 1,495 1,495
Amounts repaid (1,495 ) (1,495 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,495 1,495

Mr M R Bennett
Balance outstanding at start of year 575,185 399,186
Amounts advanced 8,235 175,999
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 583,420 575,185

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Bennett.