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REGISTERED NUMBER: 02960678 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DOOR SPRINGS LIMITED

DOOR SPRINGS LIMITED (REGISTERED NUMBER: 02960678)






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


DOOR SPRINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: F C Bartram
L C Hodson
A Beasley





SECRETARY: L C Hodson





REGISTERED OFFICE: Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT





REGISTERED NUMBER: 02960678 (England and Wales)





ACCOUNTANTS: Saxon & Co Accountants Ltd
Chartered Certified Accountants
Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT

DOOR SPRINGS LIMITED (REGISTERED NUMBER: 02960678)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 47,206 25,058
47,206 25,058

CURRENT ASSETS
Stocks 85,000 125,000
Debtors 6 173,879 121,417
Cash at bank 162,030 175,510
420,909 421,927
CREDITORS
Amounts falling due within one year 7 166,246 144,483
NET CURRENT ASSETS 254,663 277,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,869

302,502

PROVISIONS FOR LIABILITIES 9 (11,802 ) (6,265 )

ACCRUALS AND DEFERRED INCOME (2 ) (4 )
NET ASSETS 290,065 296,233

CAPITAL AND RESERVES
Called up share capital 10 120 120
Retained earnings 289,945 296,113
SHAREHOLDERS' FUNDS 290,065 296,233

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.

DOOR SPRINGS LIMITED (REGISTERED NUMBER: 02960678)

BALANCE SHEET - continued
31 DECEMBER 2024


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 10 July 2025 and were signed on its behalf by:





A Beasley - Director


DOOR SPRINGS LIMITED (REGISTERED NUMBER: 02960678)

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

1. STATUTORY INFORMATION

Door Springs 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

DOOR SPRINGS LIMITED (REGISTERED NUMBER: 02960678)

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

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 65,000
AMORTISATION
At 1 January 2024
and 31 December 2024 65,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 293,552 3,534 22,495 8,924 328,505
Additions 998 - 33,140 - 34,138
Disposals - - (22,495 ) - (22,495 )
At 31 December 2024 294,550 3,534 33,140 8,924 340,148
DEPRECIATION
At 1 January 2024 275,266 3,472 17,157 7,552 303,447
Charge for year 4,571 12 1,726 343 6,652
Eliminated on disposal - - (17,157 ) - (17,157 )
At 31 December 2024 279,837 3,484 1,726 7,895 292,942
NET BOOK VALUE
At 31 December 2024 14,713 50 31,414 1,029 47,206
At 31 December 2023 18,286 62 5,338 1,372 25,058

DOOR SPRINGS LIMITED (REGISTERED NUMBER: 02960678)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 173,879 121,417

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 71,474 55,470
Taxation 16,407 23,593
Social security and other taxes 5,491 4,390
VAT 23,278 23,542
Other creditors 639 289
Directors current accounts 18,731 18,731
Accrued expenses 30,225 18,467
Deferred government grants 1 1
166,246 144,483

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 32,351 22,351
Between one and five years 3,234 8,086
35,585 30,437

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,802 6,265

Deferred
tax
£   
Balance at 1 January 2024 6,265
Provided during year 5,537
Balance at 31 December 2024 11,802

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
120 Ordinary £1 120 120

DOOR SPRINGS LIMITED (REGISTERED NUMBER: 02960678)

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

11. RELATED PARTY DISCLOSURES

The directors do not consider that the company has entered into any material transactions with related parties, including the owners, directors and any related entity, that have not been concluded under normal market conditions.