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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
Page
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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
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Sparks Light Haulage Services Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,512 
31,890 
Current assets
Debtors
44,554 
61,113 
Cash at bank and in hand
268,981 
254,265 
313,535 
315,378 
Creditors: amounts falling due within one year
(125,932)
(114,434)
Net current assets
187,603 
200,944 
Net assets
213,115 
232,834 
Capital and reserves
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
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Sparks Light Haulage Services Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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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 
Depreciation
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 
Net book value
At 31 January 2023
1,986 
23,526 
25,512 
At 31 January 2022
2,482 
29,408 
31,890 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,554 
61,113 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
29,203 
20,452 
Trade creditors
3,376 
- 
Taxes and social security
15,072 
20,560 
Other creditors
10,081 
10,422 
Loans from directors
68,200 
63,000 
125,932 
114,434 
7
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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