2023-04-01 SC403846 2024-03-31 SC403846 2023-04-01 2024-03-31 SC403846 2023-03-31 SC403846 2022-04-01 2023-03-31 SC403846 uk-core:WithinOneYear 2023-03-31 SC403846 uk-core:WithinOneYear 2024-03-31 SC403846 uk-core:AfterOneYear 2023-03-31 SC403846 uk-core:AfterOneYear 2024-03-31 SC403846 uk-core:ShareCapital 2024-03-31 SC403846 uk-core:ShareCapital 2023-03-31 SC403846 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC403846 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC403846 uk-bus:Director1 2023-04-01 2024-03-31 SC403846 uk-core:MotorVehicles 2023-04-01 2024-03-31 SC403846 uk-core:ToolsEquipment 2023-03-31 SC403846 uk-core:FurnitureFittings 2023-03-31 SC403846 uk-core:MotorVehicles 2023-03-31 SC403846 uk-core:ToolsEquipment 2023-04-01 2024-03-31 SC403846 uk-core:FurnitureFittings 2023-04-01 2024-03-31 SC403846 uk-core:MotorVehicles 2024-03-31 SC403846 uk-core:FurnitureFittings 2024-03-31 SC403846 uk-core:ToolsEquipment 2024-03-31 SC403846 uk-core:CostValuation 2023-03-31 SC403846 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-03-31 SC403846 uk-core:AdditionsToInvestments 2024-03-31 SC403846 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2024-03-31 SC403846 uk-core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 SC403846 uk-core:RevaluationsIncreaseDecreaseInInvestments uk-core:Non-currentFinancialInstruments 2024-03-31 SC403846 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-03-31 SC403846 uk-core:CostValuation 2024-03-31 SC403846 uk-core:Non-currentFinancialInstruments 2024-03-31 SC403846 uk-core:Non-currentFinancialInstruments 2023-03-31 SC403846 uk-core:AfterOneYear uk-core:Secured 2024-03-31 SC403846 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure SC403846 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC403846 uk-bus:FRS102 2023-04-01 2024-03-31 SC403846 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 SC403846 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Retail Spark Connect Ltd
Registered Number:SC403846
For the year ended 31 March 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2024
Retail Spark Connect Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
SC403846
As at 31 March 2024
Retail Spark Connect Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
344,007
262,116
2
Financial assets
99,390
30,058
3
374,065
361,506
Current assets
Trade and other receivables
1,514,908
605,403
4
355,353
Cash and cash equivalents
382,515
987,918
1,870,261
Trade and other payables: amounts falling due within one
year
(1,706,860)
(989,436)
5
163,401
(1,518)
Net current liabilities
Total assets less current liabilities
372,547
524,907
Trade and other payables: amounts falling due after more
than one year
(321,212)
(348,451)
6
24,096
Net assets
203,695
Capital and reserves
Called up share capital
100
100
Retained earnings
23,996
203,595
24,096
203,695
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
SC403846
For the year ended 31 March 2024
Retail Spark Connect Ltd
Statement of Financial Position Continued
Jamie Caulfield Director
These financial statements were approved and authorised for issue by the Board on 26 June 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Retail Spark Connect Ltd
Notes to the Financial Statements
Statutory Information
Retail Spark Connect Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number
SC403846.
Registered address:
83 Princes Street
Edinburgh
EH2 2ER
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Reducing balance
Motor vehicles
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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6
For the year ended 31 March 2024
Retail Spark Connect Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 April 2023
441,611
58,626
273,034
109,951
154,108
4,565
149,543
-
Additions
At 31 March 2024
109,951
422,577
63,191
595,719
Provision for depreciation and impairment
At 01 April 2023
179,495
37,811
98,311
43,373
Charge for year
72,217
6,345
57,959
7,913
At 31 March 2024
251,712
44,156
156,270
51,286
At 31 March 2024
Net book value
58,665
266,307
19,035
344,007
At 31 March 2023
66,578
174,723
20,815
262,116
3. Investments held as fixed assets
Other investments
Total
At 01 April 2023
99,390
99,390
Cost
£
£
81,892
81,892
Additions
(151,224)
(151,224)
Revaluations
At 31 March 2024
30,058
30,058
At 31 March 2024
Net book value
30,058
30,058
At 01 April 2023
99,390
99,390
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7
For the year ended 31 March 2024
Retail Spark Connect Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Trade debtors
576,458
1,071,344
Other debtors
28,945
443,564
1,514,908
605,403
The debtors above include the following amounts falling due after more than one year:
Other debtors
-
414,554
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
655,146
1,398,460
Taxation and social security
315,944
290,054
Other creditors
18,346
18,346
989,436
1,706,860
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
348,451
321,212
7. Directors advances and guarantees
8. Average number of persons employed
During the year the average number of employees was 5 (2023 : 5)
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