Registered number
06414056
Sparks Publishing Services Limited
Unaudited Filleted Accounts
30 September 2024
Sparks Publishing Services Limited
Registered number: 06414056
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,355 2,793
Current assets
Work in progress 14,000 11,000
Debtors 4 30,247 33,255
Cash at bank and in hand 43,632 34,075
87,879 78,330
Creditors: amounts falling due within one year 5 (57,507) (54,358)
Net current assets 30,372 23,972
Net assets 31,727 26,765
Capital and reserves
Called up share capital 900 900
Profit and loss account 30,827 25,865
Shareholder's funds 31,727 26,765
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr T M Fryer
Director
Approved by the board on 30 October 2024
Sparks Publishing Services Limited
Notes to the Accounts
for the year ended 30 September 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Equipment; fixtures and fittings 25% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment
£
Cost
At 1 October 2023 21,693
At 30 September 2024 21,693
Depreciation
At 1 October 2023 18,900
Charge for the year 1,438
At 30 September 2024 20,338
Net book value
At 30 September 2024 1,355
At 30 September 2023 2,793
4 Debtors 2024 2023
£ £
Trade debtors 30,100 33,175
Other debtors 147 80
30,247 33,255
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,500 6,000
Taxation and social security costs 19,692 14,898
Other creditors 34,315 33,460
57,507 54,358
6 Other information
Sparks Publishing Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
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