Company Registration No. 03504907 (England and Wales)
Sparks Light Haulage Services Ltd
Unaudited accounts
for the year ended 31 January 2024
Sparks Light Haulage Services Ltd
Unaudited accounts
Contents
Sparks Light Haulage Services Ltd
Company Information
for the year ended 31 January 2024
Directors
David Charles Martin Smith
Deborah Lilian May Smith
Dean Charles Smith
Danielle Dorothy Buckley
Company Number
03504907 (England and Wales)
Registered Office
49 Wealden Way
Bexhill-On-Sea
East Sussex
TN39 4NZ
Sparks Light Haulage Services Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
34,658
25,512
Cash at bank and in hand
254,893
268,981
Creditors: amounts falling due within one year
(53,582)
(125,932)
Net current assets
256,600
187,603
Net assets
291,258
213,115
Called up share capital
1,000
1,000
Profit and loss account
290,258
212,115
Shareholders' funds
291,258
213,115
For the year ending 31 January 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 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 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 of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by
David Charles Martin Smith
Director
Company Registration No. 03504907
Sparks Light Haulage Services Ltd
Notes to the Accounts
for the year ended 31 January 2024
Sparks Light Haulage Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 03504907. The registered office is 49 Wealden Way, Bexhill-On-Sea, East Sussex, TN39 4NZ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Sparks Light Haulage Services Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2023
23,981
83,059
107,040
Disposals
-
(42,446)
(42,446)
At 31 January 2024
23,981
92,101
116,082
At 1 February 2023
21,995
59,533
81,528
Charge for the year
496
14,193
14,689
On disposals
-
(14,793)
(14,793)
At 31 January 2024
22,491
58,933
81,424
At 31 January 2024
1,490
33,168
34,658
At 31 January 2023
1,986
23,526
25,512
Amounts falling due within one year
Trade debtors
55,289
44,554
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,430
3,376
Taxes and social security
21,382
15,072
Loans from directors
10,400
68,200
7
Average number of employees
During the year the average number of employees was 10 (2023: 10).