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Registered number: 00366170 Quality Springs & Pressings Limited Unaudited Financial statements Information for filing with the registrar For the period ended 31 August 2025
Quality Springs & Pressings Limited Registered number: 00366170 Balance sheet As at 31 August 2025
|  | 31 August |  | 31 July
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 865,890
Current assets |  |  |  |  |
Stocks |  | - |  | 139,940 |
Debtors: amounts falling due within one year | 5 | 90,293 |  | 347,120 |
Cash at bank and in hand | 6 | 33,926 |  | 413,862 |
|  | 124,219 |  | 900,922 |
Creditors: amounts falling due within one year | 7 | (69,119) |  | (409,768) |
Net current assets |  |  | 55,100 |  | 491,154
Total assets less current liabilities |  |  | 55,100 |  | 1,357,044
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 |  | - |  | (42,296)
Net assets |  |  | 55,100 |  | 1,314,748
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 55,000 |  | 55,000
Other reserves |  |  | 100 |  | 100
Profit and loss account |  |  | - |  | 1,259,648
|  |  | 55,100 |  | 1,314,748
Page 1
Quality Springs & Pressings Limited Registered number: 00366170 Balance sheet (continued) As at 31 August 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 December 2025.
M Haywood
Director
The notes on pages 3 to 9 form part of these financial statements. Page 2
Quality Springs & Pressings Limited Notes to the financial statements For the period ended 31 August 2025
1. | General information
Quality Springs & Pressings Limited is a private company limited by shares incorporated in England and Wales with registered number 00366170. The registered and principal place of business is C/O Pre Met Ltd, Studley Road, Redditch, B98 7HJ. The financial statements are presented for the 13 month period ended 31 August 2025. The accounting reference date has been changed to align with that of the immediate parent undertaking. The comparative period is presented for the 12 months ended 31 July 2024, and therefore the amounts presented (including the related notes) are not entirely comparable. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The company's financial statements are presented to the nearest Pound. The following principal accounting policies have been applied:
| 2.2 | Going concern
Although the exact timings are not yet known at the date of approval of these financial statements, the Directors have determined that they ultimately intent to liquidate the Company, with all trade and assets being reallocated to other entities within the group. These financial statements are therefore prepared on a basis other than going concern. Page 3
Quality Springs & Pressings Limited Notes to the financial statements For the period ended 31 August 2025 2.Accounting policies (continued)
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.4 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 4
Quality Springs & Pressings Limited Notes to the financial statements For the period ended 31 August 2025 2.Accounting policies (continued)
| 2.6 | Current and deferred taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 50 years
|  |  |  | Plant and machinery | - | 3-10 years
|  |  |  | Motor vehicles | - | 4 years
|  |  |  | Fixtures and fittings | - | 2 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 5
Quality Springs & Pressings Limited Notes to the financial statements For the period ended 31 August 2025 2.Accounting policies (continued)
| 2.8 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.12 | Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
3. | Employees
| The average monthly number of employees, including directors, during the period was 16 (2024 - 21).
Page 6
Quality Springs & Pressings Limited Notes to the financial statements For the period ended 31 August 2025
4. | Tangible fixed assets
|  | Total
|  | £
| Cost |
| At 1 August 2024 | 1,847,288
| Additions | 17,352
| Disposals | (1,864,640)
| At 31 August 2025 | -
| Depreciation |
| At 1 August 2024 | 981,398
| Charge for the period | 69,933
| Disposals | (1,051,331)
| At 31 August 2025 | -
| Net book value |
| At 31 August 2025 | -
| At 31 July 2024 | 865,890
5. | Debtors
|  |  |  |  | 31 August | 31 July
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 6,009 | 347,120
| Amounts owed by group undertakings | 42,805 | -
| Other debtors | 41,479 | -
|  | 90,293 | 347,120
6. | Cash and cash equivalents
|  |  |  |  | 31 August | 31 July
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 33,926 | 413,862
Page 7
Quality Springs & Pressings Limited Notes to the financial statements For the period ended 31 August 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 August | 31 July
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 62,126 | 230,799
| Corporation tax | - | 35,850
| Other taxation and social security | - | 42,938
| Other creditors | - | 73,172
| Accruals and deferred income | 6,993 | 27,009
|  | 69,119 | 409,768
8. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 42,296
| Charged to profit or loss | (42,296)
| At end of year | -
| The deferred taxation balance is made up as follows:
|  |  |  |  | 31 August | 31 July
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | - | 42,296
Page 8
Quality Springs & Pressings Limited Notes to the financial statements For the period ended 31 August 2025
9. | Share capital
|  |  |  |  | 31 August | 31 July
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 55,000 (2024 - 55,000) Ordinary shares of £1.00 each | 55,000 | 55,000
10. | Related party transactions
| The company has taken advantage of the exemption from disclosing related party transactions with its fellow group members provided by Section 33 Related Party Disclosures paragraph 33.1.A.
11. | Controlling party
The company's immediate parent company is Quality Springs & Pressings Holdings Limited, a company incorporated in England and Wales. The ultimate undertaking of the company is Pre-met Holdings Limited. The company's ultimate controlling parties are Mr K W Tonking and Mrs S Tonkin.
Page 9