Company Registration No. 4605098 (England and Wales)
Spring Marketing Communications Limited
Unaudited accounts
for the year ended 30 September 2018
Spring Marketing Communications Limited
Unaudited accounts
Contents
Spring Marketing Communications Limited
Company Information
for the year ended 30 September 2018
Company Number
4605098 (England and Wales)
Registered Office
12 SOMPTING ROAD
WORTHING
WEST SUSSEX
BN14 9EP
Spring Marketing Communications Limited
Statement of financial position
as at
30 September 2018
Tangible assets
11,471
26,705
Cash at bank and in hand
488,050
316,530
Creditors: amounts falling due within one year
(132,811)
(143,222)
Net current assets
420,137
281,919
Net assets
431,608
308,624
Called up share capital
100
100
Profit and loss account
431,508
308,524
Shareholders' funds
431,608
308,624
For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 4 January 2019.
V A Powell
Director
Company Registration No. 4605098
Spring Marketing Communications Limited
Notes to the Accounts
for the year ended 30 September 2018
Spring Marketing Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 4605098. The registered office is 12 SOMPTING ROAD, WORTHING, WEST SUSSEX, BN14 9EP.
These financial statements comply with Financial Reporting Standard 102 Section 1A.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Goodwill is amortised on a straight line basis over its estimated useful economic life of 5 years.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset over its expected useful life, as follows:
Plant & machinery
25% per annum reducing balance
3
Intangible fixed assets
Goodwill
At 30 September 2018
30,000
At 30 September 2018
30,000
Spring Marketing Communications Limited
Notes to the Accounts
for the year ended 30 September 2018
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 30 September 2018
42,494
Charge for the year
6,236
At 30 September 2018
31,023
At 30 September 2018
11,471
At 30 September 2017
26,705
Trade debtors
52,670
108,561
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
1,330
2,111
Trade creditors
32,772
49,594
Taxes and social security
77,605
87,131
Other creditors
21,104
4,386
7
Operating lease commitments
2018
2017
At 30 September 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
13,403
9,000
8
Transactions with related parties
The following material transactions with the director-shareholders have not been conducted under normal market conditions:
Advances at a maximum of £60,000 were made during the period and interest charged at 3%. £48,000 of the advances were repaid before the year end and the remaining £12,178 will be repaid before 30 June 2019.
Spring Marketing Communications Limited
Notes to the Accounts
for the year ended 30 September 2018
9
Average number of employees
During the year the average number of employees was 7 (2017: 7).