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Company Registration No. 14023846 (England and Wales)
MC SPARKS ELECTRICAL LIMITED Unaudited accounts for the year ended 30 April 2024
MC SPARKS ELECTRICAL LIMITED Unaudited accounts Contents
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MC SPARKS ELECTRICAL LIMITED Company Information for the year ended 30 April 2024
Director
Mounir Chakir
Company Number
14023846 (England and Wales)
Registered Office
13 LENNON COURT DOWNS ROAD LUTON BEDFORDSHIRE LU1 1QQ
Accountants
IAB Accountants Limited 200 Selbourne Road Luton Bedfordshire LU4 8LT
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MC SPARKS ELECTRICAL LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Tangible assets
898 
1,340 
Current assets
Cash at bank and in hand
1,936 
1,779 
Creditors: amounts falling due within one year
(528)
(623)
Net current assets
1,408 
1,156 
Net assets
2,307 
2,497 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,306 
2,496 
Shareholders' funds
2,307 
2,497 
For the year ending 30 April 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 12 August 2024 and were signed on its behalf by
Mounir Chakir Director Company Registration No. 14023846
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MC SPARKS ELECTRICAL LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
MC SPARKS ELECTRICAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14023846. The registered office is 13 LENNON COURT DOWNS ROAD, LUTON, BEDFORDSHIRE, LU1 1QQ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
- 33% on 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.
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MC SPARKS ELECTRICAL LIMITED Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 May 2023
2,000 
At 30 April 2024
2,000 
Depreciation
At 1 May 2023
660 
Charge for the year
442 
At 30 April 2024
1,102 
Net book value
At 30 April 2024
898 
At 30 April 2023
1,340 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
528 
623 
6
Transactions with related parties
The company was under the control of director throughout the current year. During the year company paid divided to the director £2,000 (2023: £1,500).
7
Controlling party
The ultimate controlling party is Mounir Chakir.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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