IRIS Accounts Production v23.3.1.45 11174681 director 1.2.22 31.1.23 31.1.23 false true false false true false Ordinary shares class A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111746812022-01-31111746812023-01-31111746812022-02-012023-01-31111746812021-01-31111746812021-02-012022-01-31111746812022-01-3111174681ns10:Originalns15:EnglandWales2022-02-012023-01-3111174681ns14:PoundSterlingns10:Original2022-02-012023-01-3111174681ns10:Originalns10:Director12022-02-012023-01-3111174681ns10:Original2022-02-012023-01-3111174681ns10:Original2023-01-3111174681ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3111174681ns10:Originalns10:SmallEntities2022-02-012023-01-3111174681ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3111174681ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3111174681ns10:Originalns10:FullAccounts2022-02-012023-01-3111174681ns10:Originalns10:OrdinaryShareClass12022-02-012023-01-3111174681ns10:Originalns10:RegisteredOffice2022-02-012023-01-3111174681ns10:Original2022-01-3111174681ns10:Originalns5:CurrentFinancialInstruments2023-01-3111174681ns10:Originalns5:CurrentFinancialInstruments2022-01-3111174681ns10:Originalns5:Non-currentFinancialInstruments2023-01-3111174681ns10:Originalns5:Non-currentFinancialInstruments2022-01-3111174681ns5:ShareCapitalns10:Original2023-01-3111174681ns5:ShareCapitalns10:Original2022-01-3111174681ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3111174681ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3111174681ns10:Original2021-02-012022-01-3111174681ns10:Originalns5:PlantMachinery2022-01-3111174681ns10:Originalns5:MotorVehicles2022-01-3111174681ns10:Original2022-01-3111174681ns10:Originalns5:PlantMachinery2022-02-012023-01-3111174681ns10:Originalns5:MotorVehicles2022-02-012023-01-3111174681ns10:Originalns5:PlantMachinery2023-01-3111174681ns10:Originalns5:MotorVehicles2023-01-3111174681ns10:Originalns5:PlantMachinery2022-01-3111174681ns10:Originalns5:MotorVehicles2022-01-3111174681ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3111174681ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3111174681ns10:Originalns10:OrdinaryShareClass12023-01-3111174681ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3111174681ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-012023-01-31
REGISTERED NUMBER: 11174681 (England and Wales)















Financial Statements for the Year Ended 31 January 2023

for

H K Sparks Ltd

H K Sparks Ltd (Registered number: 11174681)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H K Sparks Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: H Kemal Sulayman





REGISTERED OFFICE: 100 Southfield Road
Waltham Cross
United Kingdom
EN8 7HE





REGISTERED NUMBER: 11174681 (England and Wales)





ACCOUNTANTS: Musalar & Co Accountants
international Accountant &Tax Consultant
FAIA, FFA, FCPA, FFTA
536 Lordship Lane
London
N22 5BY

H K Sparks Ltd (Registered number: 11174681)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,470 8,127

CURRENT ASSETS
Stocks 5 5,075 6,439
Debtors 6 2,550 2,127
Cash at bank and in hand 376 3,048
8,001 11,614
CREDITORS
Amounts falling due within one year 7 2,784 1,837
NET CURRENT ASSETS 5,217 9,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,687

17,904

CREDITORS
Amounts falling due after more than one
year

8

18,885

20,118
NET LIABILITIES (11,198 ) (2,214 )

CAPITAL AND RESERVES
Called up share capital 10 5,000 5,000
Retained earnings 11 (16,198 ) (7,214 )
SHAREHOLDERS' FUNDS (11,198 ) (2,214 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

H K Sparks Ltd (Registered number: 11174681)

Balance Sheet - continued
31 January 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





H Kemal Sulayman - Director


H K Sparks Ltd (Registered number: 11174681)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

H K Sparks Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

H K Sparks Ltd (Registered number: 11174681)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 10,880 17,407 28,287
DEPRECIATION
At 1 February 2022 6,504 13,656 20,160
Charge for year 2,176 3,481 5,657
At 31 January 2023 8,680 17,137 25,817
NET BOOK VALUE
At 31 January 2023 2,200 270 2,470
At 31 January 2022 4,376 3,751 8,127

5. STOCKS
31.1.23 31.1.22
£    £   
Stocks 5,075 6,439

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 2,550 -
Other debtors - 2,127
2,550 2,127

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts (see note 9) 2,049 756
Trade creditors 850 1,000
Paye (115 ) 81
2,784 1,837

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans (see note 9) 18,885 20,118

H K Sparks Ltd (Registered number: 11174681)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.23 31.1.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,885 20,118

9. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 2,049 756

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,885 20,118

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
5,000 Ordinary shares class A 1.00 5,000 5,000

11. RESERVES
Retained
earnings
£   

At 1 February 2022 (7,214 )
Deficit for the year (8,984 )
At 31 January 2023 (16,198 )