1 March 2023 v2024.58.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsexbrli:purexbrli:sharesiso4217:GBP083965532023-03-012024-02-28083965532024-02-2808396553bus:Director12023-03-012024-02-2808396553bus:RegisteredOffice2023-03-012024-02-28083965532022-03-012023-02-28083965532023-02-2808396553core:WithinOneYear2024-02-2808396553core:WithinOneYear2023-02-2808396553core:ShareCapital2024-02-2808396553core:ShareCapital2023-02-2808396553core:RetainedEarningsAccumulatedLosses2024-02-2808396553core:RetainedEarningsAccumulatedLosses2023-02-280839655312023-03-012024-02-2808396553countries:EnglandWales2023-03-012024-02-2808396553bus:AuditExemptWithAccountantsReport2023-03-012024-02-2808396553bus:PrivateLimitedCompanyLtd2023-03-012024-02-2808396553bus:SmallEntities2023-03-012024-02-2808396553bus:AbridgedAccounts2023-03-012024-02-28
Company registration number:
08396553
Spark Brands Limited
Unaudited Abridged Financial Statements for the year ended
28 February 2024
Spark Brands Limited
Officers and Professional Advisers
Year ended
28 February 2024
Director
S Shortt
Registered office
New Grove House 3 Tansley Close
Dorridge
Solihull
West Midlands
B93 8UB
England
Accountant
Halfpenny Associates Ltd
New Grove House
3 Tansley Close
Dorridge
West Midlands
B93 8UB
United Kingdom
Spark Brands Limited
Director's Report
Year ended
28 February 2024
The director presents the report and the unaudited
abridged financial statements
of the company for the year ended 28 February 2024.

Directors

The director who served the company during the year was as follows:
S Shortt

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
15 November 2024
and signed on behalf of the board by:
S Shortt
Director
Spark Brands Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Spark Brands Limited
Year ended
28 February 2024
As described on the abridged statement of financial position, the Board of Directors of
Spark Brands Limited
are responsible for the preparation of the
abridged financial statements
for the year ended
28 February 2024
, which comprise the income statement, abridged statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Halfpenny Associates Ltd
New Grove House
3 Tansley Close
Dorridge
West Midlands
B93 8UB
United Kingdom
Spark Brands Limited
Income Statement
Year ended
28 February 2024
20242023
££
Turnover -  
169
 
Gross profit -  
169
 
Distribution costs -  
(38
)
Operating profit -  
131
 
Profit before tax -  
131
 
Tax on profit -   -  
Profit for the financial year -  
131
 
The company has no other recognised items of income or expense other than the results for the year as set out above.
Spark Brands Limited
Abridged Statement of Financial Position
28 February 2024
20242023
££
Current assets    
Cash at bank and in hand
691
 
1,318
 
Creditors: amounts falling due within one year
(57,810
)
(58,437
)
Net current liabilities
(57,119
)
(57,119
)
Total assets less current liabilities (57,119 ) (57,119 )
Capital and reserves    
Called up share capital
10
 
10
 
Profit and loss account
(57,129
)
(57,129
)
Shareholders deficit
(57,119
)
(57,119
)
For the year ending
28 February 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 abridged financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position for the year ended
28 February 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
15 November 2024
, and are signed on behalf of the board by:
S Shortt
Director
Company registration number:
08396553
Spark Brands Limited
Notes to the Abridged Financial Statements
Year ended
28 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
New Grove House 3 Tansley Close
,
Dorridge
,
Solihull
,
West Midlands
,
B93 8UB
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Fixed assets

Intangible assets
£
Cost  
At
1 March 2023
and
28 February 2024
38
 
Amortisation  
At
1 March 2023
and
28 February 2024
38
 
Carrying amount  
At
28 February 2024
-  
At 28 February 2023 -