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 9717243 Mr David King Mr Jeremy Keith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9717243 2022-12-31 9717243 2023-12-31 9717243 2023-01-01 2023-12-31 9717243 frs-core:CurrentFinancialInstruments 2023-12-31 9717243 frs-core:Non-currentFinancialInstruments 2023-12-31 9717243 frs-core:ComputerEquipment 2023-12-31 9717243 frs-core:ComputerEquipment 2023-01-01 2023-12-31 9717243 frs-core:ComputerEquipment 2022-12-31 9717243 frs-core:FurnitureFittings 2023-12-31 9717243 frs-core:FurnitureFittings 2023-01-01 2023-12-31 9717243 frs-core:FurnitureFittings 2022-12-31 9717243 frs-core:ShareCapital 2023-12-31 9717243 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 9717243 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 9717243 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 9717243 frs-bus:SmallEntities 2023-01-01 2023-12-31 9717243 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 9717243 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 9717243 frs-bus:Director1 2023-01-01 2023-12-31 9717243 frs-bus:Director2 2023-01-01 2023-12-31 9717243 frs-core:CurrentFinancialInstruments 1 2023-12-31 9717243 frs-countries:EnglandWales 2023-01-01 2023-12-31 9717243 2021-12-31 9717243 2022-12-31 9717243 2022-01-01 2022-12-31 9717243 frs-core:CurrentFinancialInstruments 2022-12-31 9717243 frs-core:Non-currentFinancialInstruments 2022-12-31 9717243 frs-core:ShareCapital 2022-12-31 9717243 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 9717243 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 9717243
Spark International Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Athena Accountants & Business Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 9717243
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 325
- 325
CURRENT ASSETS
Debtors 5 205,614 157,994
205,614 157,994
Creditors: Amounts Falling Due Within One Year 6 (195,575 ) (142,161 )
NET CURRENT ASSETS (LIABILITIES) 10,039 15,833
TOTAL ASSETS LESS CURRENT LIABILITIES 10,039 16,158
Creditors: Amounts Falling Due After More Than One Year 7 (12,000 ) (14,500 )
NET (LIABILITIES)/ASSETS (1,961 ) 1,658
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (2,061 ) 1,558
SHAREHOLDERS' FUNDS (1,961) 1,658
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 Jeremy Keith
Director
08/10/2024
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 International Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 9717243 . The registered office is Mowbray House, Castle Meadow Road, Nottingham, NG2 1BJ.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 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:
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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. 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. Current 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 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: 3 (2022: 4)
3 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 895 4,206 5,101
As at 31 December 2023 895 4,206 5,101
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 January 2023 591 4,185 4,776
Provided during the period 304 21 325
As at 31 December 2023 895 4,206 5,101
Net Book Value
As at 31 December 2023 - - -
As at 1 January 2023 304 21 325
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,800 10,946
Prepayments and accrued income 68,416 52,800
Amounts owed by Related Parties 94,248 94,248
Directors' loan accounts 38,150 -
205,614 157,994
Shareholders' loans and Directors' loans are unsecured, interest bearing at 2.25% per annum and repayable upon demand.
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 54,161 -
Bank loans and overdrafts 25,637 21,503
Corporation tax 76,904 114,216
Other taxes and social security - 134
VAT 24,896 3,394
Other creditors - 304
Accruals and deferred income 13,977 2,610
195,575 142,161
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Long term loan 12,000 14,500
The loan represents a Government backed Bounce Back Loan which is repayable within 6 years, interest free for 12 months and interest bearing at 2.5% thereafter.
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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