IRIS Accounts Production v23.4.0.336 09839755 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh098397552022-10-31098397552023-10-31098397552022-11-012023-10-31098397552021-10-31098397552021-11-012022-10-31098397552022-10-3109839755ns15:EnglandWales2022-11-012023-10-3109839755ns14:PoundSterling2022-11-012023-10-3109839755ns10:Director12022-11-012023-10-3109839755ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3109839755ns10:SmallEntities2022-11-012023-10-3109839755ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3109839755ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3109839755ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3109839755ns10:FullAccounts2022-11-012023-10-3109839755ns10:OrdinaryShareClass12022-11-012023-10-3109839755ns10:Director22022-11-012023-10-3109839755ns10:RegisteredOffice2022-11-012023-10-3109839755ns5:CurrentFinancialInstruments2023-10-3109839755ns5:CurrentFinancialInstruments2022-10-3109839755ns5:ShareCapital2023-10-3109839755ns5:ShareCapital2022-10-3109839755ns5:RetainedEarningsAccumulatedLosses2023-10-3109839755ns5:RetainedEarningsAccumulatedLosses2022-10-3109839755ns5:ComputerEquipment2022-11-012023-10-3109839755ns5:ComputerEquipment2022-10-3109839755ns5:ComputerEquipment2023-10-3109839755ns5:ComputerEquipment2022-10-3109839755ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3109839755ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3109839755ns10:OrdinaryShareClass12023-10-3109839755ns5:RetainedEarningsAccumulatedLosses2022-10-3109839755ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-31
REGISTERED NUMBER: 09839755 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Spark People Development Limited

Spark People Development Limited (Registered number: 09839755)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Spark People Development Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S J Elly
Mrs H L Moore-Elly





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: 09839755 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Spark People Development Limited (Registered number: 09839755)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,205 737

CURRENT ASSETS
Debtors 5 14,282 3,900
Cash at bank 33,451 45,747
47,733 49,647
CREDITORS
Amounts falling due within one year 6 23,566 18,028
NET CURRENT ASSETS 24,167 31,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,372

32,356

PROVISIONS FOR LIABILITIES 229 140
NET ASSETS 25,143 32,216

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 25,043 32,116
SHAREHOLDERS' FUNDS 25,143 32,216

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

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

Spark People Development Limited (Registered number: 09839755)

Statement of Financial Position - continued
31 October 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 Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:





S J Elly - Director


Spark People Development Limited (Registered number: 09839755)

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

1. STATUTORY INFORMATION

Spark People Development 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. 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Spark People Development Limited (Registered number: 09839755)

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

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 November 2022 3,031
Additions 1,120
Disposals (1,879 )
At 31 October 2023 2,272
DEPRECIATION
At 1 November 2022 2,294
Charge for year 401
Eliminated on disposal (1,628 )
At 31 October 2023 1,067
NET BOOK VALUE
At 31 October 2023 1,205
At 31 October 2022 737

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 14,165 3,900
Social security and other
taxes 117 -
14,282 3,900

Spark People Development Limited (Registered number: 09839755)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax 16,853 12,791
Social security and other taxes - 448
VAT 5,475 3,638
Directors' current accounts 578 520
Accrued expenses 660 631
23,566 18,028

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 November 2022 32,116
Profit for the year 64,927
Dividends (72,000 )
At 31 October 2023 25,043

Spark People Development Limited (Registered number: 09839755)

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

9. RELATED PARTY DISCLOSURES

S J Elly
Director

During the year the company entered into the following transactions with the director:

2023 2022

Dividends paid 54,000 37,500

Capital introduced/(Withdrawn) 57 (2,857 )

At the year end the amount due to the director was £578 (2022 - £521).


Mrs H L Moore-Elly
Director

During the year the company entered into the following transactions with the director:

2023 2022

Dividends paid 18,000 12,500

10. ULTIMATE CONTROLLING PARTY

The controlling party is S J Elly.