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Registration number: 10271898

The Authentic Spark Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

The Authentic Spark Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

The Authentic Spark Limited

(Registration number: 10271898)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

1,691

995

Cash at bank and in hand

 

15,071

17,306

 

16,762

18,301

Creditors: Amounts falling due within one year

6

(16,112)

(17,806)

Net assets

 

650

495

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

648

493

Shareholders' funds

 

650

495

For the financial year ending 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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 23 October 2024
 

Ms S L Oswald
Director

   
     
 

The Authentic Spark Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the director on 23 October 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

The Authentic Spark Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

The Authentic Spark Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 1 August 2023

1,123

1,123

At 31 July 2024

1,123

1,123

Depreciation

At 1 August 2023

1,123

1,123

At 31 July 2024

1,123

1,123

Carrying amount

At 31 July 2024

-

-

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,026

746

Prepayments

500

249

Other debtors

165

-

 

1,691

995

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

11,762

11,801

Trade creditors

 

706

774

Taxation and social security

 

3,445

5,191

Accruals and deferred income

 

183

-

Other creditors

 

16

40

 

16,112

17,806

 

The Authentic Spark Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £0.01 each

100

1

100

1

A Ordinary share of £0.01 each

95

1

95

1

B Ordinary shares of £0.01 each

5

-

5

-

200

2

200

2

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

11,762

11,801