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REGISTERED NUMBER: 01212214 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

ALAN SPARGO LIMITED

ALAN SPARGO LIMITED (REGISTERED NUMBER: 01212214)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALAN SPARGO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: A M Spargo
Ms S Baker
M Spargo
P Spargo





SECRETARY: A M Spargo





REGISTERED OFFICE: Coronation Road
Cressex Business Park
HIGH WYCOMBE
Buckinghamshire
HP12 3TA





REGISTERED NUMBER: 01212214 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

ALAN SPARGO LIMITED (REGISTERED NUMBER: 01212214)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 404,713 441,942

CURRENT ASSETS
Debtors 6 1,014,957 1,201,728
Cash at bank and in hand 1,777,845 1,470,205
2,792,802 2,671,933
CREDITORS
Amounts falling due within one year 7 500,054 699,177
NET CURRENT ASSETS 2,292,748 1,972,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,697,461

2,414,698

PROVISIONS FOR LIABILITIES 75,464 81,387
NET ASSETS 2,621,997 2,333,311

CAPITAL AND RESERVES
Called up share capital 990 1,000
Share premium 8 (2,500 ) -
Capital redemption reserve 8 10 -
Other reserves 8 3,665 3,665
Retained earnings 8 2,619,832 2,328,646
SHAREHOLDERS' FUNDS 2,621,997 2,333,311

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

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

The directors acknowledge their 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.

ALAN SPARGO LIMITED (REGISTERED NUMBER: 01212214)

BALANCE SHEET - continued
31ST MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th February 2024 and were signed on its behalf by:





A M Spargo - Director


ALAN SPARGO LIMITED (REGISTERED NUMBER: 01212214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

Alan Spargo Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Revenue is recognised to the extent 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ALAN SPARGO LIMITED (REGISTERED NUMBER: 01212214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 29 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st June 2022 459,200 2,361,685 279,443 73,053 3,173,381
Additions - - 11,090 - 11,090
Disposals - (67,077 ) - - (67,077 )
At 31st May 2023 459,200 2,294,608 290,533 73,053 3,117,394
DEPRECIATION
At 1st June 2022 110,209 2,276,676 271,501 73,053 2,731,439
Charge for year 4,592 36,504 7,223 - 48,319
Eliminated on disposal - (67,077 ) - - (67,077 )
At 31st May 2023 114,801 2,246,103 278,724 73,053 2,712,681
NET BOOK VALUE
At 31st May 2023 344,399 48,505 11,809 - 404,713
At 31st May 2022 348,991 85,009 7,942 - 441,942

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 577,887 494,214
Amounts recoverable on contracts 356,237 638,513
Prepayments and accrued income 80,833 69,001
1,014,957 1,201,728

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 126,689 88,156
Tax 115,020 66,561
Social security and other taxes 19,618 23,806
VAT 79,414 98,109
Other creditors 7,711 6,428
Directors' current accounts 332 12,287
Accrued expenses 151,270 403,830
500,054 699,177

ALAN SPARGO LIMITED (REGISTERED NUMBER: 01212214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

8. RESERVES
Capital
Retained Share redemption Other
earnings premium reserve reserves Totals
£    £    £    £    £   

At 1st June 2022 2,328,646 - - 3,665 2,332,311
Profit for the year 935,179 935,179
Dividends (643,993 ) (643,993 )
Purchase of own shares - (2,500 ) 10 - (2,490 )
At 31st May 2023 2,619,832 (2,500 ) 10 3,665 2,621,007

9. CONTROL

The company was controlled by Mr P Spargo and Mr M Spargo, who between them own 89% of the voting shares in the company.