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REGISTERED NUMBER: 11686745 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

Springfield Solutions Holdings Limited

Springfield Solutions Holdings Limited (Registered number: 11686745)

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










Page


Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


Springfield Solutions Holdings Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M Dass





REGISTERED OFFICE: 1-7 Thomas Street
Hull
East Yorkshire
HU9 1EH





REGISTERED NUMBER: 11686745 (England and Wales)





AUDITORS: Harris Lacey and Swain
Chartered Accountants and Statutory Auditors
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Springfield Solutions Holdings Limited (Registered number: 11686745)

Report of the Directors
for the Year Ended 31 December 2024


The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a non trading holding company.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS
M Dass has held office during the whole of the period from 1 January 2024 to the date of this report.

Other changes in directors holding office are as follows:

S G Forster - resigned 31 December 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Harris Lacey and Swain, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





M Dass - Director


19 August 2025

Report of the Independent Auditors to the Members of
Springfield Solutions Holdings Limited


Opinion
We have audited the financial statements of Springfield Solutions Holdings Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Springfield Solutions Holdings Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Springfield Solutions Holdings Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

Audit response to risks identified
- the nature of the industry and sector, control environment and business performance including key drivers for directors' remuneration, bonus levels and performance targets
- results of our enquiries of management and their own identification and assessment of the risks of irregularities;
- any matters we identified having obtained and reviewed the companies' documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances
of noncompliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or
alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
- the matters discussed among the audit engagement team including regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue deferrals. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK Corporate Governance Code and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

Audit response to risks identified
Our procedures to respond to risks identified included the following:
- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- reading minutes of meetings of those charged with governance
- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

Report of the Independent Auditors to the Members of
Springfield Solutions Holdings Limited

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr R Lacey (Senior Statutory Auditor)
for and on behalf of Harris Lacey and Swain
Chartered Accountants and Statutory Auditors
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

20 August 2025

Springfield Solutions Holdings Limited (Registered number: 11686745)

Income Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

TURNOVER - -

Administrative expenses (26,454 ) (10,715 )
OPERATING LOSS 4 (26,454 ) (10,715 )


Interest payable and similar expenses 5 (252,330 ) (103,598 )
LOSS BEFORE TAXATION (278,784 ) (114,313 )

Tax on loss 6 - -
LOSS FOR THE FINANCIAL YEAR (278,784 ) (114,313 )

Springfield Solutions Holdings Limited (Registered number: 11686745)

Other Comprehensive Income
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

LOSS FOR THE YEAR (278,784 ) (114,313 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(278,784

)

(114,313

)

Springfield Solutions Holdings Limited (Registered number: 11686745)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 7 5,583,788 5,583,788

CURRENT ASSETS
Debtors 8 50,668 50,668
Cash at bank 571 403
51,239 51,071
CREDITORS
Amounts falling due within one year 9 7,164,781 6,875,269
NET CURRENT LIABILITIES (7,113,542 ) (6,824,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,529,754

)

(1,240,410

)

CREDITORS
Amounts falling due after more than one
year

10

8,339

18,899
NET LIABILITIES (1,538,093 ) (1,259,309 )

CAPITAL AND RESERVES
Called up share capital 13 200 200
Retained earnings 14 (1,538,293 ) (1,259,509 )
SHAREHOLDERS' FUNDS (1,538,093 ) (1,259,309 )

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:





M Dass - Director


Springfield Solutions Holdings Limited (Registered number: 11686745)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 200 (1,145,196 ) (1,144,996 )

Changes in equity
Total comprehensive income - (114,313 ) (114,313 )
Balance at 31 December 2023 200 (1,259,509 ) (1,259,309 )

Changes in equity
Total comprehensive income - (278,784 ) (278,784 )
Balance at 31 December 2024 200 (1,538,293 ) (1,538,093 )

Springfield Solutions Holdings Limited (Registered number: 11686745)

Cash Flow Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 392,865 1,894,789
Interest paid (249,649 ) (98,229 )
Finance costs paid (2,681 ) (5,369 )
Net cash from operating activities 140,535 1,791,191

Cash flows from financing activities
Loan repayments in year (140,367 ) (1,791,162 )
Amount introduced by directors - 200
Net cash from financing activities (140,367 ) (1,790,962 )

Increase in cash and cash equivalents 168 229
Cash and cash equivalents at beginning of
year

2

403

174

Cash and cash equivalents at end of year 2 571 403

Springfield Solutions Holdings Limited (Registered number: 11686745)

Notes to the Cash Flow Statement
for the Year Ended 31 December 2024


1. RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Loss before taxation (278,784 ) (114,313 )
Finance costs 252,330 103,598
(26,454 ) (10,715 )
Increase in trade and other creditors 419,319 1,905,504
Cash generated from operations 392,865 1,894,789

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 571 403
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 403 174


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank 403 168 571
403 168 571
Debt
Debts falling due within 1 year (140,534 ) 129,807 (10,727 )
Debts falling due after 1 year (18,899 ) 10,560 (8,339 )
(159,433 ) 140,367 (19,066 )
Total (159,030 ) 140,535 (18,495 )

Springfield Solutions Holdings Limited (Registered number: 11686745)

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


1. STATUTORY INFORMATION

Springfield Solutions Holdings 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These accounts have been prepared on a going concern basis on the understanding that the subsidiary company, Springfield Solutions Limited will continue to financially support the company for the foreseeable future.

Monetary amounts in these financial statements are rounded to the nearest whole £1. The financial statements are presented in sterling which is also the functional currency of the company.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

Springfield Solutions Holdings Limited (Registered number: 11686745)

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


3. EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 December 2024 nor for the year ended 31 December 2023.

The average number of employees during the year was as follows:
2024 2023

Directors 2 3

2024 2023
£    £   
Directors' remuneration - -

4. OPERATING LOSS

The operating loss is stated after charging:

2024 2023
£    £   
Auditors' remuneration 16,179 1,626

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 615 28,631
Interest payable 249,034 69,598
Bank loan fees 2,681 5,369
252,330 103,598

6. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 December 2024 nor for the year ended 31 December 2023.

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 5,583,788
NET BOOK VALUE
At 31 December 2024 5,583,788
At 31 December 2023 5,583,788

Springfield Solutions Holdings Limited (Registered number: 11686745)

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


7. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Westrhode Limited
Registered office: England & Wales
Nature of business: Printers
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves (209,578 ) (169,093 )
Loss for the year (40,485 ) (80,988 )

Springfield Solutions Limited
Registered office: England & Wales
Nature of business: Printers
%
Class of shares: holding
Ordinary B 100.00
Ordinary C 100.00
2024 2023
£    £   
Aggregate capital and reserves 7,179,219 6,319,757
Profit/(loss) for the year 859,462 (92,426 )

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 50,668 50,668

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 11) 10,727 140,534
Trade creditors 78 -
Amounts owed to group undertakings 7,145,336 6,734,602
Accrued expenses 8,640 133
7,164,781 6,875,269

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 11) 8,339 18,899

Springfield Solutions Holdings Limited (Registered number: 11686745)

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


11. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,727 140,534

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,339 10,560

Amounts falling due between two and five years:
Bank loans - 2-5 years - 8,339

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,066 159,433

The loan is covered by a charge against the freehold and leasehold properties.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary 1 200 200

14. RESERVES
Retained
earnings
£   

At 1 January 2024 (1,259,509 )
Deficit for the year (278,784 )
At 31 December 2024 (1,538,293 )

15. RELATED PARTY DISCLOSURES

During the year the company bought services from Eon Consulting Limited, a company in which Mr S Forster is a director, totalling £8,640 (2023: £nil).

Springfield Solutions Holdings Limited (Registered number: 11686745)

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


16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is All 4 Labels UK Limited.

The registered office of the controlling party is Olympus House, Grangefield Industrial Estate, Richardshaw Road, Pudsey, England, LS28 6QW.

Copies of the group financial statements may also be obtained from this address.