Springboard ICT Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Springboard ICT Limited

Company Information

Directors

J C Atherton G S Brooks

Registered office

7 St. Lukes Gardens Bristol BS4 4NW

Registered Number

13422741

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Springboard ICT Limited

(Registration number: 13422741)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	7,546	6,563
Current assets
Debtors	5	13,682	12,727
Cash at bank and in hand		18,697	21,916
		32,379	34,643
Creditors: Amounts falling due within one year	6	(30,699)	(30,135)
Net current assets		1,680	4,508
Total assets less current liabilities		9,226	11,071
Provisions for liabilities		(1,887)	(1,423)
Net assets		7,339	9,648
Capital and reserves
Called up share capital		100	100
Retained earnings		7,239	9,548
Shareholders' funds		7,339	9,648

Springboard ICT Limited

(Registration number: 13422741)
Balance Sheet as at 31 May 2025

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 October 2025 and signed on its behalf by:
 

......................................... G S Brooks Director

Springboard ICT Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 St. Lukes Gardens
Bristol
BS4 4NW

These financial statements were authorised for issue by the Board on 10 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Springboard ICT Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Asset class	Depreciation method and rate
Plant and machinery	15% Straight line
Computer equipment	25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Springboard ICT Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Springboard ICT Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Plant and machinery £	Computer equipment £	Total £
Cost or valuation
At 1 June 2024	4,490	5,665	10,155
Additions	-	3,265	3,265
At 31 May 2025	4,490	8,930	13,420
Depreciation
At 1 June 2024	1,459	2,133	3,592
Charge for the year	674	1,608	2,282
At 31 May 2025	2,133	3,741	5,874
Carrying amount
At 31 May 2025	2,357	5,189	7,546
At 31 May 2024	3,031	3,532	6,563

5

Debtors

	2025 £	2024 £
Trade debtors	13,682	3,477
Prepayments	-	9,250
	13,682	12,727

6

Creditors

Due within one year	2025 £	2024 £
Taxation and social security	28,440	28,258
Accruals and deferred income	1,463	1,463
Other creditors	796	414
	30,699	30,135

 

Springboard ICT Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

7	Financial commitments, guarantees and contingencies

Off balance sheet commitments

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £12,150 (2024 - £23,365).

8	Related party transactions

Loans from related parties

2025	Key management £	Total £
At start of period	414	414
Advanced	33,732	33,732
Repaid	(33,350)	(33,350)
At end of period	796	796

2024	Key management £	Total £
At start of period	5,371	5,371
Advanced	634	634
Repaid	(5,591)	(5,591)
At end of period	414	414

Terms of loans from related parties

The loans from key management are interest free and repayable on demand.