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REGISTERED NUMBER: 13217370 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

SCHPARKLY CREATIVE LTD

SCHPARKLY CREATIVE LTD (REGISTERED NUMBER: 13217370)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCHPARKLY CREATIVE LTD

Company Information
for the year ended 29 February 2024







DIRECTORS: M A Fegarsky
S Hartley
W Fegarsky





REGISTERED OFFICE: 46A Eynham Road
London
W12 0HA





REGISTERED NUMBER: 13217370 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

SCHPARKLY CREATIVE LTD (REGISTERED NUMBER: 13217370)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 17,273 14,025
Cash at bank 329 2,286
17,602 16,311
CREDITORS
Amounts falling due within one year 5 (7,412 ) (7,288 )
NET CURRENT ASSETS 10,190 9,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,190

9,023

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 10,188 9,021
SHAREHOLDERS' FUNDS 10,190 9,023

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 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.

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 25 November 2024 and were signed on its behalf by:





M A Fegarsky - Director


SCHPARKLY CREATIVE LTD (REGISTERED NUMBER: 13217370)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Schparkly Creative Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of design services is recognised at the point of sale.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 17,273 14,025

SCHPARKLY CREATIVE LTD (REGISTERED NUMBER: 13217370)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 552 220
Taxation and social security 5,061 5,269
Other creditors 1,799 1,799
7,412 7,288

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
M A Fegarsky
Balance outstanding at start of year 10,586 21,327
Amounts advanced 16,061 7,498
Amounts repaid (12,814 ) (18,239 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,833 10,586

Interest has been charged at 2.25% per annum on all balances exceeding £10,000.