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REGISTERED NUMBER: 06256947 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

SEVEN SPRINGS LIMITED

SEVEN SPRINGS LIMITED (REGISTERED NUMBER: 06256947)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEVEN SPRINGS LIMITED

Company Information
for the Year Ended 31 August 2024







Directors: S D Clapperton
R Cross





Registered office: Parc Morlais Office
Pennant Road
Llanon
Ceredigion
SY23 5LZ





Registered number: 06256947 (England and Wales)





Accountants: S&W Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

SEVEN SPRINGS LIMITED (REGISTERED NUMBER: 06256947)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 5 1,059,599 919,532

Current assets
Stocks 607,283 506,506
Debtors 6 435,047 207,025
Cash at bank 178,386 33,440
1,220,716 746,971
Creditors
Amounts falling due within one year 7 673,998 484,578
Net current assets 546,718 262,393
Total assets less current liabilities 1,606,317 1,181,925

Creditors
Amounts falling due after more than one
year

8

1,099,914

520,258
Net assets 506,403 661,667

Capital and reserves
Called up share capital 10 500,000 500,000
Retained earnings 6,403 161,667
Shareholders' funds 506,403 661,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:



S D Clapperton - Director


SEVEN SPRINGS LIMITED (REGISTERED NUMBER: 06256947)

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


1. Statutory information

Seven 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. Statement of compliance

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. These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
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.

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 - 2% straight line
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

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 Profit and Loss Account, 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.

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.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

SEVEN SPRINGS LIMITED (REGISTERED NUMBER: 06256947)

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


5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 September 2023 949,626 57,479 1,007,105
Additions 160,776 6,899 167,675
At 31 August 2024 1,110,402 64,378 1,174,780
Depreciation
At 1 September 2023 55,548 32,025 87,573
Charge for year 21,097 6,511 27,608
At 31 August 2024 76,645 38,536 115,181
Net book value
At 31 August 2024 1,033,757 25,842 1,059,599
At 31 August 2023 894,078 25,454 919,532

6. Debtors
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 8,344 3,335
Other debtors 28,703 33,690
37,047 37,025

Amounts falling due after more than one year:
Amounts owed by group undertakings 398,000 170,000

Aggregate amounts 435,047 207,025

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 27,362 54,425
Hire purchase contracts 126,839 74,498
Trade creditors 61,804 116,959
Taxation and social security 933 51,329
Other creditors 457,060 187,367
673,998 484,578

SEVEN SPRINGS LIMITED (REGISTERED NUMBER: 06256947)

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


8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 918,530 230,984
Hire purchase contracts 17,484 112,083
Amounts owed to group undertakings 163,900 177,191
1,099,914 520,258

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 945,892 285,409

The bank loans are secured by charges and a debenture creating fixed and floating charges over the assets of the company.

Hire purchase contracts are secured on the relevant assets.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500,000 Ordinary £1 500,000 500,000