Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31falseNo description of principal activitytruetrue2022-08-01false11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02600364 2022-08-01 2023-07-31 02600364 2021-08-01 2022-07-31 02600364 2023-07-31 02600364 2022-07-31 02600364 c:Director1 2022-08-01 2023-07-31 02600364 d:CurrentFinancialInstruments 2023-07-31 02600364 d:CurrentFinancialInstruments 2022-07-31 02600364 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02600364 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 02600364 d:ShareCapital 2023-07-31 02600364 d:ShareCapital 2022-07-31 02600364 d:RetainedEarningsAccumulatedLosses 2023-07-31 02600364 d:RetainedEarningsAccumulatedLosses 2022-07-31 02600364 c:FRS102 2022-08-01 2023-07-31 02600364 c:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 02600364 c:FullAccounts 2022-08-01 2023-07-31 02600364 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 02600364 6 2022-08-01 2023-07-31 02600364 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 02600364









SPARKFORTUNE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
SPARKFORTUNE LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SPARKFORTUNE LIMITED
FOR THE YEAR ENDED 31 JULY 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sparkfortune Limited for the year ended 31 July 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Sparkfortune Limited in accordance with the terms of our engagement letter dated 1 July 2016Our work has been undertaken solely to prepare for your approval the financial statements of Sparkfortune Limited and state those matters that we have agreed to state to the director of Sparkfortune Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sparkfortune Limited and its director for our work or for this report. 

It is your duty to ensure that Sparkfortune Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sparkfortune Limited. You consider that Sparkfortune Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Sparkfortune Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Shona Cutler Limited
 
Grove Farm Bungalow
Lincomb
Stourport on Severn
Worcestershire
DY13 9RB
16 April 2024
Page 1

 
SPARKFORTUNE LIMITED
REGISTERED NUMBER: 02600364

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
142,132
142,316

  
142,132
142,316

Current assets
  

Cash at bank and in hand
 5 
6,485
3,045

  
6,485
3,045

Creditors: amounts falling due within one year
 6 
(16,414)
(14,301)

Net current liabilities
  
 
 
(9,929)
 
 
(11,256)

Total assets less current liabilities
  
132,203
131,060

Provisions for liabilities
  

Deferred tax
  
(3,178)
(2,571)

  
 
 
(3,178)
 
 
(2,571)

Net assets
  
129,025
128,489

Page 2

 
SPARKFORTUNE LIMITED
REGISTERED NUMBER: 02600364
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
129,023
128,487

  
129,025
128,489


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2024.






Mr J E Fletcher
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
SPARKFORTUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The company, a members limited liability company, was incorporated in England and Wales. The registered office of the company is Grove Farm Bungalow, Lincomb, Stourport on Severn, Worcestershire DY13 9RB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.3

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
SPARKFORTUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 August 2022
142,316


Additions
44,302


Disposals
(43,417)


Revaluations
(1,069)



At 31 July 2023
142,132





5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
6,485
3,045

6,485
3,045


Page 5

 
SPARKFORTUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
14,302
12,190

Accruals and deferred income
2,112
2,111

16,414
14,301


 
Page 6