Registered number: 01598903 | ||||||||
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FOR THE YEAR ENDED 30/04/2021 | ||||||||
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Prepared By: | ||||||||
IUVO Services Limited | ||||||||
Chartered Accountants | ||||||||
10 The Crescent | ||||||||
Little Leighs | ||||||||
Chelmsford | ||||||||
Essex | ||||||||
CM3 1LY |
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The Active Spring Company Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/04/2021 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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Essex | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 01598903 | ||||||||
ACCOUNTANTS | ||||||||
IUVO Services Limited | ||||||||
Chartered Accountants | ||||||||
10 The Crescent | ||||||||
Little Leighs | ||||||||
Chelmsford | ||||||||
Essex | ||||||||
CM3 1LY |
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The Active Spring Company Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/04/2021 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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The Active Spring Company Limited | ||||||||
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BALANCE SHEET AT
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2021 | 2020 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 |
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Tangible assets | 4 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 6 |
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Cash at bank and in hand |
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1,211,556 | 1,135,939 | |||||||||
CREDITORS: Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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69,560 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 8 | 397,462 | 445,524 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 10 |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 11 |
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Profit and loss account | 627,248 | 534,494 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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The Active Spring Company Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/04/2021 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Land And Buildings | straight line 5% | |||||||
Plant and Machinery | reducing balance 15% | |||||||
Motor Cars | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Goodwill | ||||||||
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The Active Spring Company Limited | ||||||||
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2. EMPLOYEES | ||||||
2021 | 2020 | |||||
No. | No. | |||||
Average number of employees |
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32 | ||||
3. INTANGIBLE FIXED ASSETS | |||||||||
Purchased | |||||||||
Goodwill | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/05/2020 | 218,906 | 218,906 | |||||||
At 30/04/2021 | 218,906 | 218,906 | |||||||
Depreciation | |||||||||
At 01/05/2020 | 134,763 | 134,763 | |||||||
For the year | 15,946 | 15,946 | |||||||
At 30/04/2021 | 150,709 | 150,709 | |||||||
Net Book Amounts | |||||||||
At 30/04/2021 |
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At 30/04/2020 |
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Goodwill is being written off on a straight line basis over 10 years. | |||||||||
4. TANGIBLE FIXED ASSETS | ||||||||||
Land And | Plant and | |||||||||
Buildings | Machinery | Motor Cars | Total | |||||||
£ | £ | £ | £ | |||||||
Cost | ||||||||||
At 01/05/2020 | 130,856 | 2,891,683 | 26,100 | 3,048,639 | ||||||
Additions | - | 159,491 | - | 159,491 | ||||||
At 30/04/2021 | 130,856 | 3,051,174 | 26,100 | 3,208,130 | ||||||
Depreciation | ||||||||||
At 01/05/2020 | 52,818 | 1,990,806 | 21,600 | 2,065,224 | ||||||
For the year | 5,267 | 137,315 | 1,125 | 143,707 | ||||||
At 30/04/2021 | 58,085 | 2,128,121 | 22,725 | 2,208,931 | ||||||
Net Book Amounts | ||||||||||
At 30/04/2021 |
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999,199 | ||||||
At 30/04/2020 |
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983,415 | ||||||
Tangible assets includes machinery with a net book value of £428,193 (2020: £503,756) that is owned subject to a hire purchase agreement. | ||||||||||
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The Active Spring Company Limited | ||||||||
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5. STOCK | 2021 | 2020 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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6. DEBTORS | 2021 | 2020 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 831,248 | 1,030,883 | ||||||
Other debtors | 2,449 | 27,653 | ||||||
833,697 | 1,058,536 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
UK corporation tax | 62,975 | 26,650 | ||||||
VAT | 52,944 | 95,766 | ||||||
PAYE control | 25,079 | 19,448 | ||||||
Directors current account | 10,327 | 1,680 | ||||||
Bank Loan | 31,667 | 65,313 | ||||||
Hire purchase | 109,121 | 103,031 | ||||||
Trade creditors | 320,955 | 227,358 | ||||||
Other creditors | 460,938 | 514,983 | ||||||
Accruals | 16,136 | 12,150 | ||||||
1,090,142 | 1,066,379 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 45,000 | - | ||||||
Bank loans (secured) >1yr | 31,109 | 54,427 | ||||||
Hire purchase >1yr | 321,353 | 391,097 | ||||||
397,462 | 445,524 | |||||||
Loans includes an amount of £5,000 (2020: £nil) due after more than five years. | ||||||||
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The Active Spring Company Limited | ||||||||
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9. SECURED CREDITORS | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
Amount of other creditors which are secured | 504,275 | 527,086 | ||||||
Creditors include £446,499 (2020: £407,347) secured on the book debts of the company and a loan £57,776 (2020: £119,739) secured on machinery owned by the company. | ||||||||
10. PROVISIONS FOR LIABILITIES | 2021 | 2020 | ||||||
£ | £ | |||||||
Deferred taxation | 164,000 | 157,000 | ||||||
164,000 | 157,000 | |||||||
11. SHARE CAPITAL | 2021 | 2020 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | ||||||
100 | 100 | |||||||
12. CONTROLLING PARTY | ||||||||
The company is controlled by its directors, J D Crane and A Howard. | ||||||||
13. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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