Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28false2022-03-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13203668 2022-03-01 2023-02-28 13203668 2021-02-16 2022-02-28 13203668 2023-02-28 13203668 2022-02-28 13203668 c:Director1 2022-03-01 2023-02-28 13203668 d:Buildings 2022-03-01 2023-02-28 13203668 d:Buildings 2023-02-28 13203668 d:Buildings 2022-02-28 13203668 d:CurrentFinancialInstruments 2023-02-28 13203668 d:CurrentFinancialInstruments 2022-02-28 13203668 d:Non-currentFinancialInstruments 2023-02-28 13203668 d:Non-currentFinancialInstruments 2022-02-28 13203668 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13203668 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 13203668 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13203668 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 13203668 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 13203668 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-02-28 13203668 d:ShareCapital 2023-02-28 13203668 d:ShareCapital 2022-02-28 13203668 d:RetainedEarningsAccumulatedLosses 2023-02-28 13203668 d:RetainedEarningsAccumulatedLosses 2022-02-28 13203668 c:FRS102 2022-03-01 2023-02-28 13203668 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13203668 c:FullAccounts 2022-03-01 2023-02-28 13203668 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 1320366813203668









SPARKS WRIGHT INVESTMENT LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
SPARKS WRIGHT INVESTMENT LIMITED
REGISTERED NUMBER: 13203668

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
77,258
77,258

  
77,258
77,258

Current assets
  

Cash at bank and in hand
 5 
12,817
8,171

  
12,817
8,171

Creditors: amounts falling due within one year
 6 
(38,629)
(37,998)

Net current liabilities
  
 
 
(25,812)
 
 
(29,827)

Total assets less current liabilities
  
51,446
47,431

Creditors: amounts falling due after more than one year
 7 
(48,750)
(48,750)

  

Net assets/(liabilities)
  
2,696
(1,319)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
2,695
(1,320)

  
2,696
(1,319)


Page 1

 
SPARKS WRIGHT INVESTMENT LIMITED
REGISTERED NUMBER: 13203668
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R Sparks
Director
Date: 22 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SPARKS WRIGHT INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Sparks Wright Investment Limited is a private company limited by shares. The Company is incorporated in England & Wales and its registered address is Aston House, Cornwall Avenue, London, United Kingdom, N3 1LF. The registered company number is 13203668. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
SPARKS WRIGHT INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
SPARKS WRIGHT INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 March 2022
77,258



At 28 February 2023

77,258






Net book value



At 28 February 2023
77,258


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
12,817
8,171

12,817
8,171



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
631
-

Other creditors
37,998
37,998

38,629
37,998


Page 5

 
SPARKS WRIGHT INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
48,750
48,750

48,750
48,750



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Mortgage
48,750
48,750

48,750
48,750

48,750
48,750


 
Page 6