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REGISTERED NUMBER: 05407935 (England and Wales)















TOP SPARKS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






TOP SPARKS LIMITED (REGISTERED NUMBER: 05407935)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOP SPARKS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: N Scanlon





REGISTERED OFFICE: 22 Portal Crescent
Mirfield
West Yorkshire
WF14 0JJ





REGISTERED NUMBER: 05407935 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

TOP SPARKS LIMITED (REGISTERED NUMBER: 05407935)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,394 4,664
2,394 4,664

CURRENT ASSETS
Debtors 6 4,143 7,132
Cash at bank 16,544 20,060
20,687 27,192
CREDITORS
Amounts falling due within one year 7 (19,275 ) (25,229 )
NET CURRENT ASSETS 1,412 1,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,806

6,627

PROVISIONS FOR LIABILITIES 8 (455 ) (886 )
NET ASSETS 3,351 5,741

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,251 5,641
SHAREHOLDERS' FUNDS 3,351 5,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

TOP SPARKS LIMITED (REGISTERED NUMBER: 05407935)

BALANCE SHEET - continued
31 March 2024


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 7 August 2024 and were signed by:





N Scanlon - Director


TOP SPARKS LIMITED (REGISTERED NUMBER: 05407935)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Top Sparks 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represented by the invoiced sales of services, excluding VAT, which are recognised when the services are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


TOP SPARKS LIMITED (REGISTERED NUMBER: 05407935)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 8,000
AMORTISATION
At 1 April 2023
and 31 March 2024 8,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

TOP SPARKS LIMITED (REGISTERED NUMBER: 05407935)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 15,581
Additions 286
At 31 March 2024 15,867
DEPRECIATION
At 1 April 2023 10,917
Charge for year 2,556
At 31 March 2024 13,473
NET BOOK VALUE
At 31 March 2024 2,394
At 31 March 2023 4,664

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,937 6,020
Other debtors 1,206 1,112
4,143 7,132

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 509
Taxation and social security 7,712 9,450
Other creditors 11,563 15,270
19,275 25,229

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 455 886

Deferred
tax
£   
Balance at 1 April 2023 886
Credit to Income Statement during year (431 )
Balance at 31 March 2024 455

TOP SPARKS LIMITED (REGISTERED NUMBER: 05407935)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


9. RELATED PARTY DISCLOSURES

Loans owing to the director on an interest free basis of £11,003 (2023: £14,749) were outstanding at the year end.