SPARKLE SOLOUTIONS LIMITED

Company Registration Number:
11267765 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2022

Period of accounts

Start date: 1 April 2021

End date: 31 March 2022

SPARKLE SOLOUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SPARKLE SOLOUTIONS LIMITED

Directors' report period ended 31 March 2022

The directors present their report with the financial statements of the company for the period ended 31 March 2022

Directors

The director shown below has held office during the whole of the period from
1 April 2021 to 31 March 2022

Ifran Khan


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 August 2022

And signed on behalf of the board by:
Name: Ifran Khan
Status: Director

SPARKLE SOLOUTIONS LIMITED

Profit And Loss Account

for the Period Ended 31 March 2022

2022 2021


£

£
Turnover: 2,948,002 1,927,364
Cost of sales: ( 1,938,431 ) ( 1,372,893 )
Gross profit(or loss): 1,009,571 554,471
Distribution costs: ( 125,948 ) ( 110,736 )
Administrative expenses: ( 243,874 ) ( 212,837 )
Operating profit(or loss): 639,749 230,898
Profit(or loss) before tax: 639,749 230,898
Tax: ( 114,833 ) ( 1,793 )
Profit(or loss) for the financial year: 524,916 229,105

SPARKLE SOLOUTIONS LIMITED

Balance sheet

As at 31 March 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 670,100 461,977
Total fixed assets: 670,100 461,977
Current assets
Stocks: 4 645,866 372,937
Debtors: 5 675,991 421,836
Cash at bank and in hand: 438,402 272,937
Total current assets: 1,760,259 1,067,710
Creditors: amounts falling due within one year: 6 ( 229,842 ) ( 104,085 )
Net current assets (liabilities): 1,530,417 963,625
Total assets less current liabilities: 2,200,517 1,425,602
Total net assets (liabilities): 2,200,517 1,425,602
Capital and reserves
Called up share capital: 250,000 1
Profit and loss account: 1,950,517 1,425,601
Total Shareholders' funds: 2,200,517 1,425,602

The notes form part of these financial statements

SPARKLE SOLOUTIONS LIMITED

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 29 August 2022
and signed on behalf of the board by:

Name: Ifran Khan
Status: Director

The notes form part of these financial statements

SPARKLE SOLOUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SPARKLE SOLOUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 16 12

SPARKLE SOLOUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2021 85,000 109,182 79,672 68,715 231,581 574,150
Additions 175,450 12,754 27,522 34,652 44,839 295,217
Disposals
Revaluations
Transfers
At 31 March 2022 260,450 121,936 107,194 103,367 276,420 869,367
Depreciation
At 1 April 2021 17,154 19,898 18,508 56,613 112,173
Charge for year 11,928 12,477 14,584 48,105 87,094
On disposals
Other adjustments
At 31 March 2022 29,082 32,375 33,092 104,718 199,267
Net book value
At 31 March 2022 260,450 92,854 74,819 70,275 171,702 670,100
At 31 March 2021 85,000 92,028 59,774 50,207 174,968 461,977

SPARKLE SOLOUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Stocks

2022 2021
£ £
Stocks 645,866 372,937
Total 645,866 372,937

SPARKLE SOLOUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Debtors

2022 2021
£ £
Trade debtors 675,991 421,836
Total 675,991 421,836

SPARKLE SOLOUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 115,009 102,292
Taxation and social security 114,833 1,793
Total 229,842 104,085