Company Registration No. 03504907 (England and Wales)
Sparks Light Haulage Services Ltd
Unaudited accounts
for the year ended 31 January 2023
Sparks Light Haulage Services Ltd
Unaudited accounts
Contents
Sparks Light Haulage Services Ltd
Company Information
for the year ended 31 January 2023
Directors
David Charles Martin Smith
Deborah Lilian May Smith
Dean Charles Smith
Danielle Dorothy Buckley
Company Number
03504907 (England and Wales)
Registered Office
49 Wealden Way
Bexhill-On-Sea
East Sussex
TN39 4NZ
Sparks Light Haulage Services Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
25,512
31,890
Cash at bank and in hand
268,981
254,265
Creditors: amounts falling due within one year
(125,932)
(114,434)
Net current assets
187,603
200,944
Net assets
213,115
232,834
Called up share capital
1,000
1,000
Profit and loss account
212,115
231,834
Shareholders' funds
213,115
232,834
For the year ending 31 January 2023 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 October 2023 and were signed on its behalf by
David Charles Martin Smith
Director
Company Registration No. 03504907
Sparks Light Haulage Services Ltd
Notes to the Accounts
for the year ended 31 January 2023
Sparks Light Haulage Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 03504907. The registered office is 49 Wealden Way, Bexhill-On-Sea, East Sussex, TN39 4NZ.
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.
These financial statements for the year ended 31 January 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Sparks Light Haulage Services Ltd
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2022
23,981
83,059
107,040
At 31 January 2023
23,981
83,059
107,040
At 1 February 2022
21,499
53,651
75,150
Charge for the year
496
5,882
6,378
At 31 January 2023
21,995
59,533
81,528
At 31 January 2023
1,986
23,526
25,512
At 31 January 2022
2,482
29,408
31,890
Amounts falling due within one year
Trade debtors
44,554
61,113
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
15,072
20,560
Other creditors
10,081
10,422
Loans from directors
68,200
63,000
7
Average number of employees
During the year the average number of employees was 10 (2022: 10).