Registered number
09637461
Sparticulate Ltd
Filleted Accounts
30 June 2023
Sparticulate Ltd
Registered number: 09637461
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 64,879 -
Current assets
Debtors 4 9,999 13,157
Cash at bank and in hand 4,831 1,527
14,830 14,684
Creditors: amounts falling due within one year 5 (25,090) (14,074)
Net current (liabilities)/assets (10,260) 610
Total assets less current liabilities 54,619 610
Creditors: amounts falling due after more than one year 6 (54,106) -
Net assets 513 610
Capital and reserves
Called up share capital 100 100
Profit and loss account 413 510
Shareholder's funds 513 610
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C L Davies
Director
Approved by the board on 26 October 2023
Sparticulate Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 68,206
At 30 June 2023 68,206
Depreciation
Charge for the year 3,327
At 30 June 2023 3,327
Net book value
At 30 June 2023 64,879
4 Debtors 2023 2022
£ £
Trade debtors - 1,200
Other debtors 9,999 11,957
9,999 13,157
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,627 4,571
Obligations under finance lease and hire purchase contracts 11,490 -
Taxation and social security costs 9,973 9,503
25,090 14,074
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 54,106 -
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
C L Davies
Directors loan 3,913 32,301 (26,500) 9,714
3,913 32,301 (26,500) 9,714
Interest is charged on the loan at 3%. The loan is repayable on demand.
8 Controlling party
The controlling party is C L Davies.
9 Other information
Sparticulate Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Beddau Farm
St. Cenydd Road
Caerphilly
CF83 2TB
Sparticulate Ltd 09637461 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts April 2022 C L Davies No description of principal activity 09637461 2021-07-01 2022-06-30 09637461 core:WithinOneYear 2022-06-30 09637461 core:AfterOneYear 2022-06-30 09637461 core:ShareCapital 2022-06-30 09637461 core:RetainedEarningsAccumulatedLosses 2022-06-30 09637461 2022-07-01 2023-06-30 09637461 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09637461 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 09637461 bus:Director40 2022-07-01 2023-06-30 09637461 1 2022-07-01 2023-06-30 09637461 2 2022-07-01 2023-06-30 09637461 core:Vehicles 2022-07-01 2023-06-30 09637461 bus:Director1 2022-07-01 2023-06-30 09637461 bus:Director1 1 2022-07-01 2023-06-30 09637461 countries:England 2022-07-01 2023-06-30 09637461 bus:FRS102 2022-07-01 2023-06-30 09637461 bus:FullAccounts 2022-07-01 2023-06-30 09637461 2023-06-30 09637461 core:WithinOneYear 2023-06-30 09637461 core:AfterOneYear 2023-06-30 09637461 core:ShareCapital 2023-06-30 09637461 core:RetainedEarningsAccumulatedLosses 2023-06-30 09637461 core:Vehicles 2023-06-30 09637461 bus:Director1 1 2023-06-30 09637461 2022-06-30 09637461 bus:Director1 1 2022-06-30 iso4217:GBP xbrli:pure