Clarkes Sparks Ltd 13206101 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is electrical contractors. Digita Accounts Production Advanced 6.30.9574.0 true true 13206101 2023-03-01 2024-02-29 13206101 2024-02-29 13206101 bus:Director1 1 2024-02-29 13206101 bus:Director2 1 2024-02-29 13206101 core:CurrentFinancialInstruments 2024-02-29 13206101 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 13206101 core:Non-currentFinancialInstruments 2024-02-29 13206101 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 13206101 bus:SmallEntities 2023-03-01 2024-02-29 13206101 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13206101 bus:FilletedAccounts 2023-03-01 2024-02-29 13206101 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13206101 bus:RegisteredOffice 2023-03-01 2024-02-29 13206101 bus:Director1 2023-03-01 2024-02-29 13206101 bus:Director1 1 2023-03-01 2024-02-29 13206101 bus:Director2 2023-03-01 2024-02-29 13206101 bus:Director2 1 2023-03-01 2024-02-29 13206101 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13206101 countries:EnglandWales 2023-03-01 2024-02-29 13206101 bus:Director1 1 2023-02-28 13206101 bus:Director2 1 2023-02-28 13206101 2022-03-01 2023-02-28 13206101 2023-02-28 13206101 bus:Director1 1 2023-02-28 13206101 bus:Director2 1 2023-02-28 13206101 core:CurrentFinancialInstruments 2023-02-28 13206101 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13206101 core:Non-currentFinancialInstruments 2023-02-28 13206101 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 13206101 bus:Director1 1 2022-03-01 2023-02-28 13206101 bus:Director2 1 2022-03-01 2023-02-28 13206101 bus:Director1 1 2022-02-28 13206101 bus:Director2 1 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 13206101

Clarkes Sparks Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Clarkes Sparks Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Clarkes Sparks Ltd

Company Information

Director

Mr L Clarke

Registered office

101 Knighton Way Lane
Denham
Buckinghamshire
UB9 4EH

Accountants

Ardmore Accountancy Limited
Chartered Certified Accountants
Suite 2
Jupiter Business Suites
30a Packhorse Road
Gerrards Cross
Buckinghamshire
SL9 7DA

 

Clarkes Sparks Ltd

(Registration number: 13206101)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

11,009

13,601

Cash at bank and in hand

 

1,528

2,034

 

12,537

15,635

Creditors: Amounts falling due within one year

5

(7,045)

(6,747)

Total assets less current liabilities

 

5,492

8,888

Creditors: Amounts falling due after more than one year

5

(5,173)

(8,711)

Net assets

 

319

177

Capital and reserves

 

Called up share capital

102

102

Retained earnings

217

75

Shareholders' funds

 

319

177

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 August 2024
 

Mr L Clarke
Director

   
     
 

Clarkes Sparks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
101 Knighton Way Lane
Denham
Buckinghamshire
UB9 4EH

These financial statements were authorised for issue by the director on 28 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Clarkes Sparks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

Clarkes Sparks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

1,484

4,353

Amounts owed by related parties

7

8,048

8,988

Other debtors

 

1,477

260

   

11,009

13,601

 

Clarkes Sparks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

3,555

3,472

Taxation and social security

 

3,490

3,275

 

7,045

6,747

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

5,173

8,711

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

5,173

8,711

Current loans and borrowings

2024
£

2023
£

Bank borrowings

3,555

3,472

7

Related party transactions

Transactions with the director

2024

At 1 March 2023
£

Advances to director
£

Repayments by director
£

At 29 February 2024
£

Mr L Clarke

Interest free loan

4,819

32,090

(28,861)

8,048

Mr J Clarke

Interest free loan

4,169

20,830

(24,999)

-

 

Clarkes Sparks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

2023

At 1 March 2022
£

Advances to director
£

At 28 February 2023
£

Mr L Clarke

Interest free loan

-

4,819

4,819

Mr J Clarke

Interest free loan

-

4,169

4,169