Company Registration No. 11149600 (England and Wales)
Spring GM Ltd
Unaudited accounts
for the year ended 30 April 2025
Spring GM Ltd
Unaudited accounts
Contents
Spring GM Ltd
Company Information
for the year ended 30 April 2025
Directors
D J Tillman
J L Tillman
Company Number
11149600 (England and Wales)
Registered Office
16 Bainbridge Drive
Tiptree
Colchester
Essex
CO5 0BP
Accountants
C. J. Coates & Co.
16 Bainbridge Drive
Tiptree
Colchester
Essex
CO5 0BP
Spring GM Ltd
Statement of financial position
as at 30 April 2025
Tangible assets
38,562
44,059
Cash at bank and in hand
1,606
865
Creditors: amounts falling due within one year
(84,069)
(70,254)
Net current liabilities
(24,649)
(22,674)
Total assets less current liabilities
13,913
21,385
Creditors: amounts falling due after more than one year
(1,746)
(10,359)
Called up share capital
100
100
Profit and loss account
12,067
10,926
Shareholders' funds
12,167
11,026
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by
D J Tillman
Director
Company Registration No. 11149600
Spring GM Ltd
Notes to the Accounts
for the year ended 30 April 2025
Spring GM Ltd is a private company, limited by shares, registered in England and Wales, registration number 11149600. The registered office is 16 Bainbridge Drive, Tiptree, Colchester, Essex, CO5 0BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2024
112,801
24,991
137,792
Disposals
(19,750)
-
(19,750)
At 30 April 2025
93,051
38,997
132,048
At 1 May 2024
76,649
17,084
93,733
Charge for the year
7,376
5,478
12,854
On disposals
(13,101)
-
(13,101)
At 30 April 2025
70,924
22,562
93,486
At 30 April 2025
22,127
16,435
38,562
At 30 April 2024
36,152
7,907
44,059
Amounts falling due within one year
Trade debtors
14,850
8,365
Other debtors
42,490
37,747
Spring GM Ltd
Notes to the Accounts
for the year ended 30 April 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
14,326
5,220
Obligations under finance leases and hire purchase contracts
9,432
5,028
Trade creditors
2,635
3,947
Taxes and social security
15,227
10,339
Other creditors
27,689
34,009
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
4,049
8
Operating lease commitments
2025
2024
At 30 April 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
5,314
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Advances & credits
33,841
46,724
50,000
30,565
33,841
46,724
50,000
30,565
Interest has been charged on the above balances at a rate of 6.0% during the year.
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Average number of employees
During the year the average number of employees was 5 (2024: 5).