2022-07-012023-06-302023-06-30false13478738DR SPARX ELECTRICAL 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DR SPARX ELECTRICAL LTD

Registered Number
13478738
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

DR SPARX ELECTRICAL LTD
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

Dean Nicholas Richards

Registered Address

20 Waddington Avenue
Birmingham
B43 5JG

Place of Business


Registered Number

13478738 (England and Wales)
DR SPARX ELECTRICAL LTD
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets51,9202,400
1,9202,400
Current assets
Stocks2,250-
Debtors1,9922,532
Cash at bank and on hand2823,418
4,5245,950
Creditors amounts falling due within one year7(18,051)(13,927)
Net current assets (liabilities)(13,527)(7,977)
Total assets less current liabilities(11,607)(5,577)
Net assets(11,607)(5,577)
Capital and reserves
Called up share capital11
Profit and loss account(11,608)(5,578)
Shareholders' funds(11,607)(5,577)
The financial statements were approved and authorised for issue by the Director on 18 January 2024, and are signed on its behalf by:
Dean Nicholas Richards
Director
Registered Company No. 13478738
DR SPARX ELECTRICAL LTD
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles20
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 July 223,000
At 30 June 233,000
Depreciation and impairment
At 01 July 22600
Charge for year480
At 30 June 231,080
Net book value
At 30 June 231,920
At 30 June 222,400
6.Debtors within one year

2023

2022

££
Trade debtors / trade receivables140-
Other debtors1,8522,532
Total1,9922,532
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables1,663456
Taxation and social security223-
Other creditors16,16513,471
Total18,05113,927