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REGISTERED NUMBER: 00690711 (England and Wales)













Financial Statements

for the Year Ended 30 April 2024

for

Sparshotts (Fruiterers) Limited

Sparshotts (Fruiterers) Limited (Registered number: 00690711)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sparshotts (Fruiterers) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C J Sparshott
C C Sparshott





SECRETARY: Mrs G Sparshott





REGISTERED OFFICE: 115 Oakwood Road
Bricket Wood
St Albans
Hertfordshire
AL2 3QB





REGISTERED NUMBER: 00690711 (England and Wales)





ACCOUNTANTS: Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG

Sparshotts (Fruiterers) Limited (Registered number: 00690711)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 418 -
Tangible assets 5 600,404 513,790
600,822 513,790

CURRENT ASSETS
Stocks 19,390 24,698
Debtors 6 741,199 815,882
Cash at bank and in hand 590,655 541,088
1,351,244 1,381,668
CREDITORS
Amounts falling due within one year 7 184,454 229,457
NET CURRENT ASSETS 1,166,790 1,152,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,767,612

1,666,001

PROVISIONS FOR LIABILITIES 84,566 61,880
NET ASSETS 1,683,046 1,604,121

CAPITAL AND RESERVES
Called up share capital 6,501 6,501
Retained earnings 1,676,545 1,597,620
SHAREHOLDERS' FUNDS 1,683,046 1,604,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Sparshotts (Fruiterers) Limited (Registered number: 00690711)

Balance Sheet - continued
30 April 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





C J Sparshott - Director


Sparshotts (Fruiterers) Limited (Registered number: 00690711)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Sparshotts (Fruiterers) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Personalised numbers are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Sparshotts (Fruiterers) Limited (Registered number: 00690711)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Personalised
numbers
£   
COST
Additions 429
At 30 April 2024 429
AMORTISATION
Amortisation for year 11
At 30 April 2024 11
NET BOOK VALUE
At 30 April 2024 418

Sparshotts (Fruiterers) Limited (Registered number: 00690711)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 253,703 69,363 104,245
Additions - - -
Disposals - - -
At 30 April 2024 253,703 69,363 104,245
DEPRECIATION
At 1 May 2023 - 59,905 75,834
Charge for year - 3,991 2,842
Eliminated on disposal - - -
At 30 April 2024 - 63,896 78,676
NET BOOK VALUE
At 30 April 2024 253,703 5,467 25,569
At 30 April 2023 253,703 9,458 28,411

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 64,709 709,210 42,976 1,244,206
Additions - 168,062 5,636 173,698
Disposals - (113,602 ) - (113,602 )
At 30 April 2024 64,709 763,670 48,612 1,304,302
DEPRECIATION
At 1 May 2023 59,421 496,669 38,587 730,416
Charge for year 2,126 54,412 2,179 65,550
Eliminated on disposal - (92,068 ) - (92,068 )
At 30 April 2024 61,547 459,013 40,766 703,898
NET BOOK VALUE
At 30 April 2024 3,162 304,657 7,846 600,404
At 30 April 2023 5,288 212,541 4,389 513,790

Sparshotts (Fruiterers) Limited (Registered number: 00690711)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 688,603 781,249
Other debtors 52,596 34,633
741,199 815,882

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 124,599 148,479
Taxation and social security 11,824 26,906
Other creditors 48,031 54,072
184,454 229,457

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,250 were paid to the directors .