Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 07704882 Mr Nicholas Magill Ms Jennifer Sweeting iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07704882 2022-07-31 07704882 2023-07-31 07704882 2022-08-01 2023-07-31 07704882 frs-core:CurrentFinancialInstruments 2023-07-31 07704882 frs-core:ComputerEquipment 2023-07-31 07704882 frs-core:ComputerEquipment 2022-08-01 2023-07-31 07704882 frs-core:ComputerEquipment 2022-07-31 07704882 frs-core:FurnitureFittings 2023-07-31 07704882 frs-core:FurnitureFittings 2022-08-01 2023-07-31 07704882 frs-core:FurnitureFittings 2022-07-31 07704882 frs-core:MotorVehicles 2023-07-31 07704882 frs-core:MotorVehicles 2022-08-01 2023-07-31 07704882 frs-core:MotorVehicles 2022-07-31 07704882 frs-core:ShareCapital 2023-07-31 07704882 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 07704882 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07704882 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 07704882 frs-bus:SmallEntities 2022-08-01 2023-07-31 07704882 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07704882 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07704882 frs-bus:Director1 2022-08-01 2023-07-31 07704882 frs-bus:Director2 2022-08-01 2023-07-31 07704882 frs-countries:EnglandWales 2022-08-01 2023-07-31 07704882 2021-07-31 07704882 2022-07-31 07704882 2021-08-01 2022-07-31 07704882 frs-core:CurrentFinancialInstruments 2022-07-31 07704882 frs-core:ShareCapital 2022-07-31 07704882 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 07704882
SparkPoint Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07704882
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,769 45,964
31,769 45,964
CURRENT ASSETS
Debtors 5 13,340 2,975
Cash at bank and in hand 153,455 165,197
166,795 168,172
Creditors: Amounts Falling Due Within One Year 6 (20,392 ) (55,712 )
NET CURRENT ASSETS (LIABILITIES) 146,403 112,460
TOTAL ASSETS LESS CURRENT LIABILITIES 178,172 158,424
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,178 ) (8,733 )
NET ASSETS 170,994 149,691
CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Profit and Loss Account 168,994 147,691
SHAREHOLDERS' FUNDS 170,994 149,691
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Magill
Director
22/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SparkPoint Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07704882 . The registered office is 4 Greenway, Honley, Holmfirth, HD9 6NQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives.
Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.
Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods.
2.5. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 100,050 1,118 13,387 114,555
Additions - - 890 890
As at 31 July 2023 100,050 1,118 14,277 115,445
Depreciation
As at 1 August 2022 56,028 1,118 11,445 68,591
Provided during the period 14,007 - 1,078 15,085
As at 31 July 2023 70,035 1,118 12,523 83,676
Net Book Value
As at 31 July 2023 30,015 - 1,754 31,769
As at 1 August 2022 44,022 - 1,942 45,964
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,340 -
Prepayments and accrued income - 901
Other debtors 2,000 2,000
VAT - 74
13,340 2,975
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 45,123
Corporation tax 12,503 9,022
VAT 1,817 -
Other creditors 5,393 888
Directors' loan accounts 679 679
20,392 55,712
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,000 2,000
Page 4