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Springmasters Limited

Springmasters started in year 1967 as Private Limited Company with registration number 00897155. The Springmasters company has been functioning successfully for fifty seven years now and its status is active. The firm's office is based in Redditch at Arthur St. Postal code: B98 8LF.

At the moment there are 3 directors in the the firm, namely Carl J., Ian W. and Enid W.. In addition one secretary - Catherine R. - is with the company. As of 23 May 2024, there were 8 ex directors - David C., Steven S. and others listed below. There were no ex secretaries.

Springmasters Limited Address / Contact

Office Address Arthur St
Office Address2 Redditch
Town Redditch
Post code B98 8LF
Country of origin United Kingdom

Company Information / Profile

Registration Number 00897155
Date of Incorporation Wed, 1st Feb 1967
Industry Manufacture of wire products, chain and springs
End of financial Year 31st May
Company age 57 years old
Account next due date Thu, 29th Feb 2024 (84 days after)
Account last made up date Tue, 31st May 2022
Next confirmation statement due date Thu, 23rd May 2024 (2024-05-23)
Last confirmation statement dated Tue, 9th May 2023

Company staff

Carl J.

Position: Director

Appointed: 03 January 2023

Catherine R.

Position: Secretary

Appointed: 01 November 1996

Ian W.

Position: Director

Appointed: 10 September 1993

Enid W.

Position: Director

Appointed: 06 June 1991

David C.

Position: Director

Resigned: 31 December 2018

Steven S.

Position: Director

Appointed: 07 April 2019

Resigned: 19 October 2022

John H.

Position: Director

Appointed: 23 May 2012

Resigned: 30 November 2020

David C.

Position: Director

Appointed: 01 January 2002

Resigned: 04 April 2019

Michael E.

Position: Director

Appointed: 01 January 1999

Resigned: 28 June 2013

Kevin C.

Position: Director

Appointed: 06 June 1991

Resigned: 31 October 1996

Warren S.

Position: Director

Appointed: 06 June 1991

Resigned: 03 November 2000

Roderick W.

Position: Director

Appointed: 06 June 1991

Resigned: 15 February 2011

People with significant control

The register of persons with significant control that own or control the company includes 1 name. As we researched, there is Ian W. This PSC.

Ian W.

Notified on 6 April 2016
Nature of control: right to appoint and remove directors

Annual reports financial information

Profit & Loss
Accounts Information Date 2019-05-312020-05-312021-05-312022-05-312023-05-31
Balance Sheet
Cash Bank On Hand2 379 4813 318 1243 938 5592 920 8241 463 888
Current Assets9 152 3909 460 4499 823 6569 982 59811 017 547
Debtors1 620 9251 573 8171 745 6391 826 5071 644 448
Net Assets Liabilities8 776 85111 943 14313 256 41912 457 93113 358 196
Other Debtors215 445325 485219 476227 878208 169
Property Plant Equipment3 034 9443 336 1123 582 3523 516 6013 614 134
Total Inventories968 042828 934839 4621 183 7581 199 932
Other
Audit Fees Expenses32 40032 15037 00036 80040 200
Accrued Liabilities Deferred Income157 533210 195204 695166 171169 754
Accumulated Depreciation Impairment Property Plant Equipment5 354 0625 410 9555 320 6015 334 3475 472 783
Additional Provisions Increase From New Provisions Recognised 16 839-14 81960 26426 161
Additions Other Than Through Business Combinations Property Plant Equipment 249 649463 958570 481429 423
Administration Support Average Number Employees87777
Administrative Expenses3 004 6872 948 6522 779 0792 925 4222 895 004
Amortisation Government Grants -111 338-162 560-3 669 
Amounts Owed To Directors548 921452 842363 039534 607443 123
Amounts Owed To Group Undertakings3 454 304759 042880 3031 133 8161 505 716
Amounts Owed To Other Related Parties Other Than Directors  363 039534 607 
Applicable Tax Rate1919191920
Average Number Employees During Period117113102106107
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment189 882188 355186 828185 301181 951
Cash Cash Equivalents Cash Flow Value2 454 8873 365 8623 972 4062 947 8451 496 897
Comprehensive Income Expense686 2423 660 5761 313 276198 650900 265
Corporation Tax Payable148 07095 140177 68642 51442 445
Corporation Tax Recoverable   16 717 
Cost Sales4 023 9283 847 0993 721 3994 451 8524 408 517
Creditors6 604 0503 825 6134 012 0104 711 4964 778 993
Current Asset Investments4 183 9423 739 5743 299 9964 051 5096 709 279
Current Tax For Period211 516144 694220 787176 014168 289
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences14 46073 849129 48870 270-8 390
Deferred Tax Liabilities396 509470 452599 986670 224662 233
Depreciation Expense Property Plant Equipment201 552217 425216 101276 403312 344
Depreciation Rate Used For Property Plant Equipment 25252525
Depreciation Transfer Revaluation Surplus Before Tax Increase Decrease In Equity-2 096213 8104 945-177 015-2 532
Depreciation Transfer Revaluation Surplus Net Tax Increase Decrease In Equity 213 8104 945  
Disposals Decrease In Depreciation Impairment Property Plant Equipment 158 138304 660254 054167 456
Disposals Property Plant Equipment 158 138316 764652 486193 454
Distribution Average Number Employees2929272929
Distribution Costs210 562187 425195 494215 397194 175
Dividends Paid8 336494 284 997 138 
Dividends Paid Classified As Financing Activities8 336494 284 997 138 
Dividends Paid On Shares8 336494 284 997 138 
Dividends Received Classified As Investing Activities7645 7554 81711 44914 615
Finished Goods559 781485 177480 082585 351658 302
Fixed Assets6 625 0206 778 7598 044 7597 857 0537 781 875
Further Item Cash Flow From Used In Investing Activities Component Net Cash Flows From Used In Investing Activities 618 551477 560 67 565
Further Item Increase Decrease In Provisions Component Total Increase Decrease In Provisions 6 459 5 700 
Further Item Operating Income Component Total Other Operating Income-22 782266 550751 063-616 936-136 609
Further Item Tax Increase Decrease Component Adjusting Items 10 985-1 290-20 341-104 352
Further Operating Expense Item Component Total Operating Expenses22 782-33 991-751 063616 936136 609
Future Minimum Lease Payments Under Non-cancellable Operating Leases6 9122 304   
Gain Loss From Sales Investment Properties Recognised In Profit Or Loss   9 051 
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables-162 382-16 132-14 546625 268-346 171
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables145 379125 000-271 958-68 506248 746
Gain Loss In Cash Flows From Change In Inventories-149 155139 108-10 528-344 296-16 174
Gain Loss On Disposals Property Plant Equipment-17 922 -12 1038 6331 102
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss-7 176-21 92811 6991 906-1 249
Government Grant Income 111 338162 5603 669 
Gross Profit Loss4 301 9003 658 6123 780 0784 323 9084 381 174
Income Expense Recognised Directly In Equity-8 336-494 284 -997 138 
Income From Other Fixed Asset Investments7645 7554 81711 44914 615
Income Taxes Paid Refund Classified As Operating Activities81 568211 516144 694354 28742 514
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation-380 622910 975606 544-1 024 561-1 450 948
Increase Decrease In Current Tax From Adjustment For Prior Periods    -41 246
Increase Decrease In Existing Provisions   -39 362 
Increase Decrease In Net Debt From Cash Flows -466 607-166 966273 048-1 206 822
Increase From Depreciation Charge For Year Property Plant Equipment 215 031214 306267 800305 892
Interest Income On Cash Cash Equivalents83 267117 40375 07054 643153 169
Interest Paid Classified As Operating Activities5 0005 0005 0005 0005 446
Interest Payable Similar Charges Finance Costs5 0005 0005 0005 0005 446
Interest Received Classified As Operating Activities54 028103 266100 91355 42481 514
Investments3 590 0763 442 647751 0634 340 4524 167 741
Investments Fixed Assets3 590 0763 442 6474 462 4074 340 4524 167 741
Investments In Group Undertakings164 475164 475164 475164 475164 475
Net Cash Flows From Used In Financing Activities-8 336-494 284162 560-993 469 
Net Cash Flows From Used In Investing Activities-1 518 123292 062-281 473-1 418 437-3 027 913
Net Cash Flows From Used In Operating Activities1 145 8371 001 859725 4571 387 3451 576 965
Net Cash Generated From Operations1 178 3771 226 447774 2381 691 2081 543 411
Net Current Assets Liabilities2 548 3405 634 8365 811 6465 271 1026 238 554
Net Debt Funds-6 638 829-7 105 436-7 272 402-6 999 354-8 206 176
Net Deferred Tax Liability Asset27 49427 49427 49436 17636 176
Number Shares Issued Fully Paid6 3116 3116 3116 3116 311
Operating Profit Loss1 102 279971 7541 772 168636 7561 190 622
Other Creditors1 045 6771 260 6611 140 8711 706 2451 415 676
Other Finance Costs5 0005 0005 0005 0005 446
Other Finance Income68162501013 095
Other Increase Decrease In Provisions 50 6451 651-117 218-34 152
Other Interest Receivable Similar Income Finance Income83 948117 46575 12054 744156 264
Other Investments Other Than Loans3 425 6013 278 1724 297 932-616 9374 003 266
Other Operating Income Format115 628449 219966 663-546 333-101 373
Other Remaining Operating Income 111 338   
Other Taxation Social Security Payable806 239750 226805 801464 808599 591
Par Value Share 1111
Pension Costs Defined Contribution Plan158 640136 747125 464106 004110 149
Pension Other Post-employment Benefit Costs Other Pension Costs158 640136 747125 464106 004110 149
Prepayments Accrued Income170 654237 092258 791215 316291 181
Proceeds From Government Grants Classified As Financing Activities 111 338162 5603 669 
Proceeds From Sales Property Plant Equipment16 999  421 50127 100
Production Average Number Employees7573646768
Profit Loss686 2423 660 5761 313 276198 650900 265
Profit Loss On Ordinary Activities Before Tax1 181 9911 089 9741 847 105697 9491 356 055
Property Plant Equipment Gross Cost8 389 0068 747 0678 902 9538 850 9489 086 917
Provisions396 509470 452599 986670 224662 233
Purchase Financial Investments Other Than Trading Investments1 197 31882 595299 8921 246 4952 707 770
Purchase Property Plant Equipment338 568249 649463 958604 892429 423
Raw Materials379 475323 172344 000580 007502 463
Remaining Financial Commitments 79 598280 114243 272116 049
Rental Leasing Income38 41037 34044 34836 93435 236
Revenue From Sale Goods8 325 8287 505 7117 501 4778 775 7608 789 691
Social Security Costs338 891343 470322 586345 148328 816
Staff Costs Employee Benefits Expense3 817 2143 916 0903 690 7583 838 2993 737 880
Taxation Including Deferred Taxation Balance Sheet Subtotal396 509470 452599 986670 224662 233
Tax Decrease Increase From Effect Revenue Exempt From Taxation1451 0929152 1752 923
Tax Expense Credit Applicable Tax Rate224 578207 095350 950132 611271 222
Tax Increase Decrease From Effect Capital Allowances Depreciation1 5251 5381 530-24 741-945
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss1817 68
Tax Tax Credit On Profit Or Loss On Ordinary Activities225 976218 543350 275246 284118 653
Total Assets Less Current Liabilities9 173 36012 413 59513 856 40513 128 15514 020 429
Total Current Tax Expense Credit   176 014127 043
Total Increase Decrease From Revaluations Property Plant Equipment 266 5508 69230 000 
Total Operating Lease Payments4 6084 6081 920  
Trade Creditors Trade Payables443 306297 507439 615705 849602 688
Trade Debtors Trade Receivables1 234 8261 011 2401 267 3721 366 5961 145 098
Transfers To From Retained Earnings Increase Decrease In Equity 213 8104 945  
Turnover Revenue8 325 8287 505 7116 372 8607 376 4301 537 111
Wages Salaries3 319 6833 435 8733 242 7083 387 1473 298 915
Work In Progress28 78620 58515 38018 40039 167
Company Contributions To Money Purchase Plans Directors33 0585 4905 5105 6584 760
Director Remuneration851 190414 937794 845823 670398 827
Director Remuneration Benefits Excluding Payments To Third Parties884 248862 828800 355829 328512 846
Number Directors Accruing Benefits Under Money Purchase Scheme31111

Company filings

Filing category
Accounts Annual return Confirmation statement Incorporation Mortgage Officers Resolution
Medium company accounts made up to 31st May 2023
filed on: 19th, February 2024 		Free Download (30 pages)

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