Registered number
10624452
SDS SPARKS LTD
Filleted Accounts
28 February 2024
SDS SPARKS LTD
Registered number: 10624452
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 300 809
Current assets
Debtors 4 160 175
Cash at bank and in hand 4,170 3,000
4,330 3,175
Creditors: amounts falling due within one year 5 (1,785) (2,585)
Net current assets 2,545 590
Total assets less current liabilities 2,845 1,399
Creditors: amounts falling due after more than one year 6 (6,352) (6,031)
Net liabilities (3,507) (4,632)
Capital and reserves
Called up share capital 1 1
Profit and loss account (3,508) (4,633)
Shareholders' funds (3,507) (4,632)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shiv Dev Singh Jaswal
Director
Approved by the board on 22 October 2024
SDS SPARKS LTD
Notes to the Accounts
for the year ended 28 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 5,150 6,126 11,276
Additions - - -
At 28 February 2024 5,150 6,126 11,276
Depreciation
At 1 March 2023 4,750 5,717 10,467
Charge for the year 100 409 509
At 28 February 2024 4,850 6,126 10,976
Net book value
At 28 February 2024 300 - 300
At 28 February 2023 400 409 809
4 Debtors 2024 2023
£ £
Trade debtors 160 175
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,785 2,585
Taxation and social security costs - -
1,785 2,585
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 6,352 6,031
7 Other information
SDS SPARKS LTD is a private company limited by shares and incorporated in England. Its registered office is:
35 Park Lane
Hayes
Middlesex
UB4 8AB
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