Company registration number: 10590361
Unaudited financial statements
for the year ended 31 January 2024
for
Mr Sparks Limited
Pages for filing with the Registrar
Company registration number: 10590361
Mr Sparks Limited
Balance sheet
as at 31 January 2024
31 Jan 24 31 Jan 23
Note £ £ £ £
Fixed assets
Tangible assets 4 265 501
265 501
Current assets
Debtors 9,166 -
Cash at bank and in hand 345 -
9,511 -
Creditors: amounts falling due within
one year
(1,586) (463)
Net current assets/(liabilities) 7,925 (463)
Total assets less current liabilities 8,190 38
Creditors: Amounts falling due after
more than one year
(3,219) -
NET ASSETS 4,971 38
Capital and reserves
Called up share capital 1,001 1,001
Profit and loss account 3,970 (963)
TOTAL EQUITY 4,971 38
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10590361
Mr Sparks Limited
Balance sheet - continued
as at 31 January 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr D Gurner, Director
13 December 2024
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Mr Sparks Limited
Notes to the financial statements
for the year ended 31 January 2024
1 Company information
Mr Sparks Limited is a private company registered in England and Wales. Its registered number is 10590361. The company is limited by shares. Its registered office is 6 Rhyd Y Nant, Pencoed, Bridgend, Mid Glamorgan, CF35 6JD.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
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Mr Sparks Limited
Notes to the financial statements - continued
for the year ended 31 January 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 February 2023 2,361
At 31 January 2024 2,361
Depreciation
At 1 February 2023 1,860
Charge for year 236
At 31 January 2024 2,096
Net book value
At 31 January 2024 265
At 31 January 2023 501
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 31 January 2024 and 31 January 2023.
31 Jan 24 31 Jan 23
£ £
Mr Daniel Gurner
Balance outstanding at start of year 9,212 -
Amounts written off (9,212) -
Balance outstanding at end of year - -
Amounts written off £9,212
No Garantees
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Mr Sparks Limited
Exception report
for the year ended 31 January 2024
The following differences exist between the previous year's closing balances per the accounts and the
current year's opening balances per the Trial Balance:
Reserves
Opening balance at
1 February 2023 per
TB
Balance at 31
January 2023 per
accounts
Difference
£ £ £
Profit and loss account (Account 968) 3,396 (963) 4,359
3,396 (963) 4,359
This page does not form part of the statutory financial statements.
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