Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 8145626 Mr John White Mrs Sharon White iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8145626 2022-12-31 8145626 2023-12-31 8145626 2023-01-01 2023-12-31 8145626 frs-core:CurrentFinancialInstruments 2023-12-31 8145626 frs-core:Non-currentFinancialInstruments 2023-12-31 8145626 frs-core:ComputerEquipment 2023-12-31 8145626 frs-core:ComputerEquipment 2023-01-01 2023-12-31 8145626 frs-core:ComputerEquipment 2022-12-31 8145626 frs-core:FurnitureFittings 2023-12-31 8145626 frs-core:FurnitureFittings 2023-01-01 2023-12-31 8145626 frs-core:FurnitureFittings 2022-12-31 8145626 frs-core:PlantMachinery 2023-12-31 8145626 frs-core:PlantMachinery 2023-01-01 2023-12-31 8145626 frs-core:PlantMachinery 2022-12-31 8145626 frs-core:ShareCapital 2023-12-31 8145626 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 8145626 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 8145626 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 8145626 frs-bus:SmallEntities 2023-01-01 2023-12-31 8145626 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 8145626 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 8145626 frs-bus:Director1 2023-01-01 2023-12-31 8145626 frs-bus:Director2 2023-01-01 2023-12-31 8145626 frs-countries:EnglandWales 2023-01-01 2023-12-31 8145626 2021-12-31 8145626 2022-12-31 8145626 2022-01-01 2022-12-31 8145626 frs-core:CurrentFinancialInstruments 2022-12-31 8145626 frs-core:Non-currentFinancialInstruments 2022-12-31 8145626 frs-core:ShareCapital 2022-12-31 8145626 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 8145626
Sparky (Sussex) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 8145626
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,739 20,157
16,739 20,157
CURRENT ASSETS
Debtors 5 740 614
Cash at bank and in hand 7,971 12,377
8,711 12,991
Creditors: Amounts Falling Due Within One Year 6 (9,324 ) (6,606 )
NET CURRENT ASSETS (LIABILITIES) (613 ) 6,385
TOTAL ASSETS LESS CURRENT LIABILITIES 16,126 26,542
Creditors: Amounts Falling Due After More Than One Year 7 (13,708 ) (18,602 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,176 ) (1,471 )
NET ASSETS 1,242 6,469
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 1,240 6,467
SHAREHOLDERS' FUNDS 1,242 6,469
Page 1
Page 2
For the year ending 31 December 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John White
Director
Mrs Sharon White
Director
14/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sparky (Sussex) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 8145626 . The registered office is 31 Crescent Drive North, Brighton, East Sussex, BN2 6SP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Reducing balance 20%
Fixtures & Fittings Reducing balance 15%
Computer Equipment Reducing balance 25%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
Page 3
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 24,425 14,604 1,437 40,466
As at 31 December 2023 24,425 14,604 1,437 40,466
Depreciation
As at 1 January 2023 16,825 2,191 1,293 20,309
Provided during the period 1,520 1,862 36 3,418
As at 31 December 2023 18,345 4,053 1,329 23,727
Net Book Value
As at 31 December 2023 6,080 10,551 108 16,739
As at 1 January 2023 7,600 12,413 144 20,157
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 740 614
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 375 499
Corporation tax 2,120 2,785
VAT 5,833 2,532
Other creditors 36 30
Accruals and deferred income 960 760
9,324 6,606
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 13,708 18,602
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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