Company Registration No. 07665333 (England and Wales)
SPRING GYMNASTICS LTD.
Unaudited accounts
for the year ended 31 August 2021
SPRING GYMNASTICS LTD.
Unaudited accounts
Contents
SPRING GYMNASTICS LTD.
Company Information
for the year ended 31 August 2021
Directors
Heidi Palmer
Paul Sprong
Company Number
07665333 (England and Wales)
Registered Office
Martineau Cottage,
Martineau Lane
NORWICH
Norfolk
NR1 2JA
United Kingdom
Accountants
Mrs Rebecca Gates FCCA
Gates Accountancy and Business Services
18 Fifers Lane
Nowich
Norfolk
NR6 7AF
SPRING GYMNASTICS LTD.
Statement of financial position
as at 31 August 2021
Tangible assets
16,145
21,672
Cash at bank and in hand
16,506
44,960
Creditors: amounts falling due within one year
(36,475)
(43,006)
Net current (liabilities)/assets
(17,570)
3,650
Total assets less current liabilities
(1,425)
25,322
Creditors: amounts falling due after more than one year
(23,300)
(30,000)
Net liabilities
(24,725)
(4,678)
Called up share capital
4
4
Profit and loss account
(24,729)
(4,682)
Shareholders' funds
(24,725)
(4,678)
For the year ending 31 August 2021 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2022 and were signed on its behalf by
Heidi Palmer
Director
Company Registration No. 07665333
SPRING GYMNASTICS LTD.
Notes to the Accounts
for the year ended 31 August 2021
SPRING GYMNASTICS LTD. is a private company, limited by shares, registered in England and Wales, registration number 07665333. The registered office is Martineau Cottage, , Martineau Lane, NORWICH, Norfolk, NR1 2JA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2020
64,194
416
64,610
At 31 August 2021
64,265
551
64,816
At 1 September 2020
42,808
130
42,938
Charge for the year
5,701
32
5,733
At 31 August 2021
48,509
162
48,671
At 31 August 2021
15,756
389
16,145
At 31 August 2020
21,386
286
21,672
SPRING GYMNASTICS LTD.
Notes to the Accounts
for the year ended 31 August 2021
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
-
287
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
5,760
12,678
Taxes and social security
9,458
2,575
Loans from directors
43
97
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 25 (2020: 25).
