1 April 2023 false No description of principal activity Taxfiler 2024.5 07265595business:PrivateLimitedCompanyLtd2023-04-012024-03-31 072655952023-03-31 072655952023-04-012024-03-31 07265595business:AuditExemptWithAccountantsReport2023-04-012024-03-31 07265595business:FilletedAccounts2023-04-012024-03-31 072655952024-03-31 07265595business:Director12023-04-012024-03-31 07265595business:RegisteredOffice2023-04-012024-03-31 072655952023-03-31 07265595core:WithinOneYear2024-03-31 07265595core:WithinOneYear2023-03-31 07265595core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 07265595core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07265595core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 07265595core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07265595core:PreviouslyStatedAmount2024-03-31 07265595core:PreviouslyStatedAmount2023-03-31 07265595business:SmallEntities2023-04-012024-03-31 07265595countries:EnglandWales2023-04-012024-03-31 07265595core:PlantMachinery2023-04-012024-03-31 07265595core:PlantMachinery2023-03-31 07265595core:FurnitureFittings2023-03-31 07265595core:PlantMachinery2024-03-31 07265595core:FurnitureFittings2024-03-31 07265595core:FurnitureFittings2023-04-012024-03-31 07265595business:OrdinaryShareClass12023-04-012024-03-31 07265595business:OrdinaryShareClass12022-04-012023-03-31 072655952022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07265595 (England and Wales)
Sponjem UK Limited Unaudited accounts for the year ended 31 March 2024
Sponjem UK Limited Unaudited accounts Contents
Page
- 2 -
Sponjem UK Limited Company Information for the year ended 31 March 2024
Director
Mr P Jempson
Company Number
07265595 (England and Wales)
Registered Office
21 GODDARDS CLOSE CRANBROOK KENT TN17 3LJ
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
- 3 -
Sponjem UK Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,572 
3,429 
Current assets
Debtors
1,270 
7,789 
Cash at bank and in hand
7,434 
12,680 
8,704 
20,469 
Creditors: amounts falling due within one year
(2,635)
(3,218)
Net current assets
6,069 
17,251 
Net assets
8,641 
20,680 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,541 
20,580 
Shareholders' funds
8,641 
20,680 
For the year ending 31 March 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2024 and were signed on its behalf by
Mr P Jempson Director Company Registration No. 07265595
- 4 -
Sponjem UK Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Sponjem UK Limited is a private company, limited by shares, registered in England and Wales, registration number 07265595. The registered office is 21 GODDARDS CLOSE, CRANBROOK, KENT, TN17 3LJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
Sponjem UK Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
8,877 
212 
9,089 
At 31 March 2024
8,877 
212 
9,089 
Depreciation
At 1 April 2023
5,607 
53 
5,660 
Charge for the year
817 
40 
857 
At 31 March 2024
6,424 
93 
6,517 
Net book value
At 31 March 2024
2,453 
119 
2,572 
At 31 March 2023
3,270 
159 
3,429 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,270 
7,789 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
1,215 
1,798 
Accruals
1,420 
1,420 
2,635 
3,218 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -