IRIS Accounts Production v24.3.2.46 11860579 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118605792023-02-28118605792024-02-29118605792023-03-012024-02-29118605792022-02-28118605792022-03-012023-02-28118605792023-02-2811860579ns15:EnglandWales2023-03-012024-02-2911860579ns14:PoundSterling2023-03-012024-02-2911860579ns10:Director12023-03-012024-02-2911860579ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2911860579ns10:SmallEntities2023-03-012024-02-2911860579ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2911860579ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2911860579ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911860579ns10:FullAccounts2023-03-012024-02-2911860579ns5:CurrentFinancialInstruments2024-02-2911860579ns5:CurrentFinancialInstruments2023-02-2811860579ns5:Non-currentFinancialInstruments2024-02-2911860579ns5:Non-currentFinancialInstruments2023-02-2811860579ns5:ShareCapital2024-02-2911860579ns5:ShareCapital2023-02-2811860579ns5:RetainedEarningsAccumulatedLosses2024-02-2911860579ns5:RetainedEarningsAccumulatedLosses2023-02-2811860579ns10:RegisteredOffice2023-03-012024-02-2911860579ns5:PlantMachinery2023-02-2811860579ns5:FurnitureFittings2023-02-2811860579ns5:MotorVehicles2023-02-2811860579ns5:PlantMachinery2023-03-012024-02-2911860579ns5:FurnitureFittings2023-03-012024-02-2911860579ns5:MotorVehicles2023-03-012024-02-2911860579ns5:PlantMachinery2024-02-2911860579ns5:FurnitureFittings2024-02-2911860579ns5:MotorVehicles2024-02-2911860579ns5:PlantMachinery2023-02-2811860579ns5:FurnitureFittings2023-02-2811860579ns5:MotorVehicles2023-02-2811860579ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2911860579ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2811860579ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-02-2911860579ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-02-2811860579ns5:RetainedEarningsAccumulatedLosses2023-02-2811860579ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 11860579 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Spark Fuel Ltd

Spark Fuel Ltd (Registered number: 11860579)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Spark Fuel Ltd (Registered number: 11860579)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £ £
Fixed assets
Tangible assets 4 8,256 11,339

Current assets
Stocks 5 35,000 69,521
Debtors 6 337,917 3,917
Cash at bank and in hand 56,600 279,225
429,517 352,663
Creditors
Amounts falling due within one year 7 (78,165 ) (54,364 )
Net current assets 351,352 298,299
Total assets less current liabilities 359,608 309,638

Creditors
Amounts falling due after more than
one year

8

(23,000

)

(33,000

)
Net assets 336,608 276,638

Capital and reserves
Called up share capital 1 1
Retained earnings 10 336,607 276,637
Shareholders' funds 336,608 276,638

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.

Spark Fuel Ltd (Registered number: 11860579)

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 Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:





Wali Ahmed - Director


Spark Fuel Ltd (Registered number: 11860579)

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

1. Statutory information

Spark Fuel Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11860579

Registered office: 54 Granville Avenue
Hounslow
Greater London
TW3 3TF

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.

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.


Spark Fuel Ltd (Registered number: 11860579)

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

3. Employees and directors

The average number of employees during the year was 6 (2023 - 8 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
Cost
At 1 March 2023
and 29 February 2024 5,000 1,150 14,438 20,588
Depreciation
At 1 March 2023 2,250 519 6,480 9,249
Charge for year 750 173 2,160 3,083
At 29 February 2024 3,000 692 8,640 12,332
Net book value
At 29 February 2024 2,000 458 5,798 8,256
At 28 February 2023 2,750 631 7,958 11,339

5. Stocks
29.2.24 28.2.23
£ £
Finished goods 35,000 69,521

6. Debtors: amounts falling due within one year
29.2.24 28.2.23
£ £
Other debtors 329,917 3,917
Staff loans 8,000 -
337,917 3,917

Spark Fuel Ltd (Registered number: 11860579)

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

7. Creditors: amounts falling due within one year
29.2.24 28.2.23
£ £
Trade creditors 32,650 1,616
Corporation tax 17,368 31,843
VAT 11,859 20,905
Other creditors 16,288 -
78,165 54,364

8. Creditors: amounts falling due after more than one year
29.2.24 28.2.23
£ £
Bank loans (see note 9) 23,000 33,000

9. Loans

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 23,000 33,000

10. Reserves
Retained
earnings
£

At 1 March 2023 276,637
Profit for the year 59,970
At 29 February 2024 336,607