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REGISTERED NUMBER: 06492003 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Sparksfield Limited

Sparksfield Limited (Registered number: 06492003)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sparksfield Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: M Bond





REGISTERED OFFICE: 2 Sparksfield
Park Lane
Henlow
Bedfordshire
SG16 6LD





REGISTERED NUMBER: 06492003 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Sparksfield Limited (Registered number: 06492003)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 383,120 381,339

CURRENT ASSETS
Debtors 5 5,194 -
Cash at bank 2,173 1,018
7,367 1,018
CREDITORS
Amounts falling due within one year 6 19,342 19,258
NET CURRENT LIABILITIES (11,975 ) (18,240 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,145

363,099

CREDITORS
Amounts falling due after more than
one year

7

(41,324

)

(88,703

)

PROVISIONS FOR LIABILITIES 8 (1,486 ) (1,130 )
NET ASSETS 328,335 273,266

CAPITAL AND RESERVES
Called up share capital 9 201 201
Retained earnings 10 328,134 273,065
SHAREHOLDERS' FUNDS 328,335 273,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sparksfield Limited (Registered number: 06492003)

Balance Sheet - continued
29 February 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 director and authorised for issue on 19 November 2024 and were signed by:





M Bond - Director


Sparksfield Limited (Registered number: 06492003)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Sparksfield 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.

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
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 375,397 13,777 2,011 391,185
Additions - 1,496 1,733 3,229
Disposals - - (1,182 ) (1,182 )
At 29 February 2024 375,397 15,273 2,562 393,232
DEPRECIATION
At 1 March 2023 - 7,957 1,889 9,846
Charge for year - 732 618 1,350
Eliminated on disposal - - (1,084 ) (1,084 )
At 29 February 2024 - 8,689 1,423 10,112
NET BOOK VALUE
At 29 February 2024 375,397 6,584 1,139 383,120
At 28 February 2023 375,397 5,820 122 381,339

Sparksfield Limited (Registered number: 06492003)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 5,194 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 14,079 13,995
Other creditors 4,500 4,500
Accrued expenses 763 763
19,342 19,258

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Directors loan 41,324 88,703

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 1,486 1,130

Deferred
tax
£   
Balance at 1 March 2023 1,130
Charge to Income Statement during year 356
Balance at 29 February 2024 1,486

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1
200 A Ordinary £1 200 200
201 201

Sparksfield Limited (Registered number: 06492003)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. RESERVES
Retained
earnings
£   

At 1 March 2023 273,065
Profit for the year 55,069
At 29 February 2024 328,134

11. ULTIMATE CONTROLLING PARTY

The company is ultimately owned by the A Ordinary shareholders but is controlled by the director who retains the Ordinary shareholding.