Company registration number 05553608 (England and Wales)
SPRINGFIELD STEEL BUILDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SPRINGFIELD STEEL BUILDINGS LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Springfield Steel Buildings Ltd
SPRINGFIELD STEEL BUILDINGS LTD
Statement of financial position
as at 30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
19,299
12,418
Current assets
Stocks
178,205
156,563
Debtors
400,361
369,449
Cash at bank and in hand
18,022
46,299
596,588
572,311
Creditors: amounts falling due within one year
(547,870)
(528,619)
Net current assets
48,718
43,692
Total assets less current liabilities
68,017
56,110
Creditors: amounts falling due after more than one year
(6,667)
(16,667)
Net assets
61,350
39,443
Capital and reserves
Called up share capital
4
3
3
Profit and loss reserves
61,347
39,440
Total equity
61,350
39,443
Springfield Steel Buildings Ltd
SPRINGFIELD STEEL BUILDINGS LTD
Statement of financial position (CONTINUED)
as at 30 September 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 26 June 2025
J I Davis
Director
Company Registration No. 05553608
Springfield Steel Buildings Ltd
SPRINGFIELD STEEL BUILDINGS LTD
Notes to the financial statements
for the year ended 30 September 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon provision of services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
33% straight line
Computer equipment
33% straight line
Motor vehicles
25% reducing balance
Stocks
Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Springfield Steel Buildings Ltd
SPRINGFIELD STEEL BUILDINGS LTD
Notes to the financial statements (CONTINUED)
for the year ended 30 September 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
6
6
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2023
4,747
9,168
65,346
79,261
Additions
1,153
10,045
11,198
At 30 September 2024
4,747
10,321
75,391
90,459
Depreciation and impairment
At 1 October 2023
4,747
7,214
54,882
66,843
Depreciation charged in the year
1,282
3,035
4,317
At 30 September 2024
4,747
8,496
57,917
71,160
Carrying amount
At 30 September 2024
1,825
17,474
19,299
At 30 September 2023
1,954
10,464
12,418
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
A Ordinary shares of £1 each
1
1
1
1
3
3
3
3
5
Parent company
The ultimate parent company is SSB Holdings Ltd, a company incorporated in England and Wales, whose registered office is Springfield House, Unit 10, Rotterdam Park, Hull, HU7 0AN.