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REGISTERED NUMBER: 02351770 (England and Wales)












SPRINGFIELD COURT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






SPRINGFIELD COURT LIMITED (REGISTERED NUMBER: 02351770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SPRINGFIELD COURT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr C D Wilkinson
Mrs W M Wilkinson
Mrs M Pollitt
Mrs L G Burrows



SECRETARY: Mr C D Wilkinson



REGISTERED OFFICE: Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB



REGISTERED NUMBER: 02351770 (England and Wales)



ACCOUNTANTS: Rushtons
Chartered Accountants
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB



BANKERS: National Westminster Bank plc
35 King William Street
Blackburn
Lancashire
BB1 7DL

SPRINGFIELD COURT LIMITED (REGISTERED NUMBER: 02351770)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,445,059 2,419,026

CURRENT ASSETS
Stocks 4,000 3,500
Debtors 231,295 309,089
Cash at bank and in hand 126,136 495
361,431 313,084
CREDITORS
Amounts falling due within one year 740,237 897,761
NET CURRENT LIABILITIES (378,806 ) (584,677 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,066,253

1,834,349

CREDITORS
Amounts falling due after more than
one year

5

(561,564

)

(494,594

)

PROVISIONS FOR LIABILITIES (74,921 ) (61,438 )
NET ASSETS 1,429,768 1,278,317

CAPITAL AND RESERVES
Called up share capital 285,720 285,720
Retained earnings 1,144,048 992,597
SHAREHOLDERS' FUNDS 1,429,768 1,278,317

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 COURT LIMITED (REGISTERED NUMBER: 02351770)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:




Mr C D Wilkinson - Director



Mrs W M Wilkinson - Director


SPRINGFIELD COURT LIMITED (REGISTERED NUMBER: 02351770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Springfield Court 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 as modified by the revaluation of certain assets.

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
Turnover represents net invoiced value of services supplied, excluding value added tax.

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 - Nil
Computer equipment - 33% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

In the opinion of the directors the residual value of the property is at least equal to its book value. Having regard to this, it is the opinion of the directors that depreciation of the property as required by the Companies Act 2006 and Financial Reporting Standards for Smaller Entities is not necessary.

Stocks
Stocks 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 balance sheet date.


SPRINGFIELD COURT LIMITED (REGISTERED NUMBER: 02351770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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 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.

Government grants
Grants receivable in respect of tangible fixed assets are credited to the profit and loss account over the expected useful economic lives of the relevant assets to which they relate. Grants received but not yet released to the profit and loss account are included as deferred income in the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 85 (2023 - 77 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 2,973,750
Additions 47,483
At 30 November 2024 3,021,233
DEPRECIATION
At 1 December 2023 554,724
Charge for year 21,450
At 30 November 2024 576,174
NET BOOK VALUE
At 30 November 2024 2,445,059
At 30 November 2023 2,419,026

SPRINGFIELD COURT LIMITED (REGISTERED NUMBER: 02351770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans repayable in more than
five years

176,401

181,937

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 51,003
Bank loans 706,673 755,115
706,673 806,118

The bank loan and overdraft are secured by charges over the company's freehold property.

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, Mr and Mrs C D Wilkinson, who together own 55% of the issued shares.