Company Registration No. 08965773 (England and Wales)
SPARROW DECOR LTD
Unaudited accounts
for the year ended 31 March 2024
SPARROW DECOR LTD
Unaudited accounts
Contents
SPARROW DECOR LTD
Company Information
for the year ended 31 March 2024
Directors
Barry James Rowing
Maureen Rowing
Company Number
08965773 (England and Wales)
Registered Office
TOP FLOOR, CORNER HOUSE
MARKET PLACE
BRAINTREE
CM7 3HQ
ENGLAND
Accountants
ST Accountancy Services Ltd
Corner House
Market Place
Braintree
Essex
CM7 3HQ
SPARROW DECOR LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
5,792
2,278
Creditors: amounts falling due within one year
(50,306)
(28,930)
Net current liabilities
(40,065)
(25,722)
Net liabilities
(26,855)
(9,720)
Called up share capital
60
60
Profit and loss account
(26,915)
(9,780)
Shareholders' funds
(26,855)
(9,720)
For the year ending 31 March 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 4 October 2024 and were signed on its behalf by
Barry James Rowing
Director
Company Registration No. 08965773
SPARROW DECOR LTD
Notes to the Accounts
for the year ended 31 March 2024
SPARROW DECOR LTD is a private company, limited by shares, registered in England and Wales, registration number 08965773. The registered office is TOP FLOOR, CORNER HOUSE, MARKET PLACE, BRAINTREE, CM7 3HQ, ENGLAND.
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.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
The accounts are prepared on the going concern basis and have been supported by the directors contributions.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
1,424
21,200
22,624
Disposals
-
(21,200)
(21,200)
At 31 March 2024
1,424
-
1,424
At 1 April 2023
877
18,545
19,422
Charge for the year
137
(18,545)
(18,408)
At 31 March 2024
1,014
-
1,014
At 31 March 2024
410
-
410
At 31 March 2023
547
2,655
3,202
SPARROW DECOR LTD
Notes to the Accounts
for the year ended 31 March 2024
5
Investments
Other investments
Valuation at 1 April 2023
12,800
Valuation at 31 March 2024
12,800
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
24,445
24,445
Taxes and social security
396
(665)
Loans from directors
24,226
3,726
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).