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REGISTERED NUMBER: 12625261 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

SEVERN SPARKS LTD

SEVERN SPARKS LTD (REGISTERED NUMBER: 12625261)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEVERN SPARKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: M T Yates





REGISTERED OFFICE: 47 Orchard Way
Churchdown
Gloucester
Gloucestershire
GL3 2AP





REGISTERED NUMBER: 12625261 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

SEVERN SPARKS LTD (REGISTERED NUMBER: 12625261)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,290 21,710

CURRENT ASSETS
Debtors 5 6,658 3,471
Cash at bank 13,850 12,046
20,508 15,517
CREDITORS
Amounts falling due within one year 6 34,025 21,460
NET CURRENT LIABILITIES (13,517 ) (5,943 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,773

15,767

CREDITORS
Amounts falling due after more than one
year

7

20,693

16,448
NET LIABILITIES (14,920 ) (681 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (14,922 ) (683 )
(14,920 ) (681 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SEVERN SPARKS LTD (REGISTERED NUMBER: 12625261)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2024 and were signed by:





M T Yates - Director


SEVERN SPARKS LTD (REGISTERED NUMBER: 12625261)

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

1. STATUTORY INFORMATION

Severn 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.
Plant and machinery etc - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SEVERN SPARKS LTD (REGISTERED NUMBER: 12625261)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 29,862
Additions 6,086
Disposals (3,720 )
At 31 May 2023 32,228
DEPRECIATION
At 1 June 2022 8,152
Charge for year 6,414
Eliminated on disposal (1,628 )
At 31 May 2023 12,938
NET BOOK VALUE
At 31 May 2023 19,290
At 31 May 2022 21,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 5,853 3,471
Other debtors 805 -
6,658 3,471

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 2,063 -
Hire purchase contracts 4,386 4,386
Trade creditors 23,292 10,130
Taxation and social security 2,556 1,588
Other creditors 1,728 5,356
34,025 21,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 8,631 -
Hire purchase contracts 12,062 16,448
20,693 16,448

SEVERN SPARKS LTD (REGISTERED NUMBER: 12625261)

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

8. RELATED PARTY DISCLOSURES

During the year the director made an unsecured interest free loan to the company. The balance owing to the director at 31st May 2023 was £642 (2022 - £4,506).

9. ULTIMATE CONTROLLING PARTY

The controlling party is M T Yates.