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Registered Number: 05475900
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 July 2024

for

P.A. SPARKS & SONS LIMITED

Accountants report
You consider that the company is exempt from an audit for the year ended 31 July 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................

Roxy Laing Limited

15 Hearle Way
Hatfield
Hertfordshire
AL10 9EW
30 September 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 93,317    56,124 
93,317    56,124 
Current assets      
Stocks 10,240    2,240 
Debtors 492,052    462,458 
Investments 10,000   
Cash at bank and in hand 47,202    46,502 
559,494    511,200 
Creditors: amount falling due within one year (310,274)   (280,433)
Net current assets 249,220    230,767 
 
Total assets less current liabilities 342,537    286,891 
Creditors: amount falling due after more than one year (57,488)   (78,739)
Provisions for liabilities (23,329)   (10,503)
Net assets 261,720    197,649 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 261,620    197,549 
Shareholders' funds 261,720    197,649 
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 September 2024 and were signed by:


-------------------------------
P H Sparks Esq.
Director
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General Information
P.A. Sparks & Sons Limited is a private company, limited by shares, registered in England and Wales, registration number 05475900, registration address 15 Hearle Way, Hatfield Business Park, Hatfield, Hertfordshire, AL10 9EW. The trading address of the company is 26 The Broadway, Loughton, Essex, IG10 3ST.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
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:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 7 (2023 : 14).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 August 2023 21,160    117,095    18,710    156,965 
Additions 22,798    22,000    23,381    68,179 
Disposals      
At 31 July 2024 43,958    139,095    42,091    225,144 
Depreciation
At 01 August 2023 5,290    90,873    4,678    100,841 
Charge for year 9,667    11,966    9,353    30,986 
On disposals      
At 31 July 2024 14,957    102,839    14,031    131,827 
Net book values
Closing balance as at 31 July 2024 29,001    36,256    28,060    93,317 
Opening balance as at 01 August 2023 15,870    26,222    14,032    56,124 


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