Company registration number 04795406 (England and Wales)
SPARKES CONTRACTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
SPARKES CONTRACTING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
173,110
160,183
Current assets
51,632
34,753
Prepayments and accrued income
1,400
1,400
Creditors: amounts falling due within one year
(63,923)
(40,765)
Net current liabilities
(10,891)
(4,612)
Total assets less current liabilities
162,219
155,571
Creditors: amounts falling due after more than one year
(64,948)
(71,142)
Accruals and deferred income
(4,224)
(4,148)
Net assets
93,047
80,281
Capital and reserves
93,047
80,281
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

The company made the following loans and advances to directors:

Advances to Directors

During the year £25,768 was advanced to a director and £31,316 was subsequently repaid. The balance owed by the director at the beginning of the year was £5,347 and at the end of the year was £0 . Loan interest of £201 was charged. This loan is unsecured and has no repayment terms.

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
3
3
SPARKES CONTRACTING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
3
Charges on assets

The company had net obligations under finance leases and hire purchase contracts totalling £83,333 (2022 £72,699) which are secured over the assets concerned.

4
Operating Lease Commitments

At the reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £23,500 (2022 £21,228).

Sparkes Contracting Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tudor Farm, South Widcombe, East Harptree, BRISTOL, BS40 6BL.

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 31 October 2023 and are signed on its behalf by:
Mr M Sparkes
Mr A Sparkes
Director
Director
Company Registration Number 04795406
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