Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 05508008 Mr Zabihullah Daulatzai iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05508008 2022-10-31 05508008 2023-10-31 05508008 2022-11-01 2023-10-31 05508008 frs-core:CurrentFinancialInstruments 2023-10-31 05508008 frs-core:FurnitureFittings 2023-10-31 05508008 frs-core:FurnitureFittings 2022-11-01 2023-10-31 05508008 frs-core:FurnitureFittings 2022-10-31 05508008 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 05508008 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 05508008 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 05508008 frs-core:PlantMachinery 2023-10-31 05508008 frs-core:PlantMachinery 2022-11-01 2023-10-31 05508008 frs-core:PlantMachinery 2022-10-31 05508008 frs-core:ShareCapital 2023-10-31 05508008 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 05508008 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05508008 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 05508008 frs-bus:SmallEntities 2022-11-01 2023-10-31 05508008 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 05508008 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 05508008 frs-bus:Director1 2022-11-01 2023-10-31 05508008 frs-countries:EnglandWales 2022-11-01 2023-10-31 05508008 2021-10-31 05508008 2022-10-31 05508008 2021-11-01 2022-10-31 05508008 frs-core:CurrentFinancialInstruments 2022-10-31 05508008 frs-core:ShareCapital 2022-10-31 05508008 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 05508008
Spark (GB) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Churchill Tax Advisers
361 Green Lane
Ilford
IG3 9TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05508008
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 (32,454 ) 93,497
(32,454 ) 93,497
CURRENT ASSETS
Stocks 5 31,460 43,820
Debtors 6 241,588 239,512
Cash at bank and in hand 98,187 108,665
371,235 391,997
Creditors: Amounts Falling Due Within One Year 7 (39,970 ) (98,822 )
NET CURRENT ASSETS (LIABILITIES) 331,265 293,175
TOTAL ASSETS LESS CURRENT LIABILITIES 298,811 386,672
NET ASSETS 298,811 386,672
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 298,711 386,572
SHAREHOLDERS' FUNDS 298,811 386,672
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Zabihullah Daulatzai
Director
31/07/2024
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
Spark (GB) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05508008 . The registered office is 134-138 Borough High Street, Borough, London, SE1 1LB.
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Leasehold 30% reducing Balance method
Plant & Machinery 33.33% reducing Balance method
Fixtures & Fittings 10% at cost
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 50 (2022: 52)
50 52
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 63,891 16,779 1,532,631 1,613,301
Additions - 17,527 17,476 35,003
As at 31 October 2023 63,891 34,306 1,550,107 1,648,304
Depreciation
As at 1 November 2022 59,088 8,898 1,451,818 1,519,804
Provided during the period 1,441 5,023 154,490 160,954
As at 31 October 2023 60,529 13,921 1,606,308 1,680,758
Net Book Value
As at 31 October 2023 3,362 20,385 (56,201 ) (32,454 )
As at 1 November 2022 4,803 7,881 80,813 93,497
5. Stocks
2023 2022
£ £
Finished goods 31,460 43,820
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 21,705 19,629
Prepayments and accrued income 219,883 219,883
241,588 239,512
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 40,135 141,295
Corporation tax (47,115 ) (54,408 )
Other taxes and social security (Current liabilities - creditors < 1 year) 17,081 8,214
VAT 8,055 3,713
Director's loan account 21,814 8
39,970 98,822
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4