Company registration number: 10114710
Unaudited financial statements
for the year ended 31 March 2025
for
Springhead Data Limited
Pages for filing with the Registrar
Company registration number: 10114710
Springhead Data Limited
Balance sheet
as at 31 March 2025
31 Mar 25 31 Mar 24
Note £ £ £ £
Fixed assets
Tangible assets 4 - 374
- 374
Current assets
Debtors 2,732 30,041
Cash at bank and in hand 26,757 17,392
29,489 47,433
Creditors: amounts falling due within one
year 		(37,938) (39,439)
Net current (liabilities)/assets (8,449) 7,994
Total assets less current liabilities (8,449) 8,368
Creditors: Amounts falling due after more
than one year 		(616) (7,490)
NET (LIABILITIES)/ASSETS (9,065) 878
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,165) 778
TOTAL EQUITY (9,065) 878
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10114710
Springhead Data Limited
Balance sheet - continued
as at 31 March 2025
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 17 October 2025 and signed on its behalf by:
Mrs P Sweetland, Director
17 October 2025
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Springhead Data Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Springhead Data Limited is a private company registered in England and Wales. Its registered number is 10114710. The company is limited by shares. Its registered office is 15 Coombe Orchard, Axmouth, Seaton, EX12 4AY.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% straight line
Taxation
Taxation for the year comprises current taxation. 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 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.
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Springhead Data Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2024 - 4).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 374
At 31 March 2025 374
Depreciation
Charge for year 374
At 31 March 2025 374
Net book value
At 31 March 2025 -
At 31 March 2024 374
5 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the periods ended 31 March 2025 and 31 March 2024.
31 Mar 25 31 Mar 24
£ £
Charles Sweetland
Balance outstanding at start of year 24,101 29,213
Amounts advanced 15,250 3,102
Amounts repaid (40,417) (8,214)
Balance outstanding at end of year (1,066) 24,101
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Springhead Data Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
5 Advances, credit and guarantees granted to directors - continued
31 Mar 25 31 Mar 24
£ £
Penny Sweetland
Balance outstanding at start of year (23,586) (33,652)
Amounts advanced 65,248 31,296
Amounts repaid (41,331) (21,230)
Balance outstanding at end of year 331 (23,586)
6 Dividends
During the year the company declared dividends of £48,000 (2024: £9,000)
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