Acorah Software Products - Accounts Production 16.1.300 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 10448769 Mr Yeorgios Mugios iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10448769 2023-10-31 10448769 2024-10-31 10448769 2023-11-01 2024-10-31 10448769 frs-core:CurrentFinancialInstruments 2024-10-31 10448769 frs-core:Non-currentFinancialInstruments 2024-10-31 10448769 frs-core:ComputerEquipment 2024-10-31 10448769 frs-core:ComputerEquipment 2023-11-01 2024-10-31 10448769 frs-core:ComputerEquipment 2023-10-31 10448769 frs-core:PlantMachinery 2024-10-31 10448769 frs-core:PlantMachinery 2023-11-01 2024-10-31 10448769 frs-core:PlantMachinery 2023-10-31 10448769 frs-core:WithinOneYear 2024-10-31 10448769 frs-core:ShareCapital 2024-10-31 10448769 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10448769 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10448769 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10448769 frs-bus:SmallEntities 2023-11-01 2024-10-31 10448769 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10448769 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10448769 frs-bus:Director1 2023-11-01 2024-10-31 10448769 frs-core:CurrentFinancialInstruments 2 2024-10-31 10448769 frs-countries:EnglandWales 2023-11-01 2024-10-31 10448769 2022-10-31 10448769 2023-10-31 10448769 2022-11-01 2023-10-31 10448769 frs-core:CurrentFinancialInstruments 2023-10-31 10448769 frs-core:Non-currentFinancialInstruments 2023-10-31 10448769 frs-core:BetweenOneFiveYears 2023-10-31 10448769 frs-core:WithinOneYear 2023-10-31 10448769 frs-core:ShareCapital 2023-10-31 10448769 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10448769 frs-core:CurrentFinancialInstruments 1 2023-10-31 10448769 frs-core:CurrentFinancialInstruments 2 2023-10-31
Registered number: 10448769
Sparta Scaffolding Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
SIFAR LTD
Unit 14, The Maltings Industrial Estate
Hall Road
Southminster
Essex
CM0 7EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10448769
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 75,507 129,151
75,507 129,151
CURRENT ASSETS
Stocks 5 7,100 7,100
Debtors 6 15,278 58,152
Cash at bank and in hand 12,933 -
35,311 65,252
Creditors: Amounts Falling Due Within One Year 7 (140,332 ) (154,666 )
NET CURRENT ASSETS (LIABILITIES) (105,021 ) (89,414 )
TOTAL ASSETS LESS CURRENT LIABILITIES (29,514 ) 39,737
Creditors: Amounts Falling Due After More Than One Year 8 (2,730 ) (39,387 )
NET (LIABILITIES)/ASSETS (32,244 ) 350
CAPITAL AND RESERVES
Called up share capital 10 101 101
Profit and Loss Account (32,345 ) 249
SHAREHOLDERS' FUNDS (32,244) 350
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Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Yeorgios Mugios
Director
21st January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sparta Scaffolding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10448769 . The registered office is Unit 14, The Malting Industrial Estate, Southminster, Essex, CM0 7EQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Computer Equipment 25% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 179,795 557 180,352
As at 31 October 2024 179,795 557 180,352
Depreciation
As at 1 November 2023 50,922 279 51,201
Provided during the period 53,528 116 53,644
As at 31 October 2024 104,450 395 104,845
Net Book Value
As at 31 October 2024 75,345 162 75,507
As at 1 November 2023 128,873 278 129,151
5. Stocks
2024 2023
£ £
Stock 7,100 7,100
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,400 25,376
Prepayments and accrued income - 861
CIS debtor - 19,442
VAT Debtor - 986
Premises Deposit 2,400 2,400
VAT 2,478 -
Director's loan account - 9,087
15,278 58,152
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 31,570 14,178
Trade creditors 7,646 46,979
Bank loans and overdrafts 11,293 16,334
Other loans 21,229 50,107
Other taxes and social security 32,799 -
Net wages - 4,933
CIS Liability (Current liabilities - creditors < 1 year) 24,805 22,135
Director's loan account 10,990 -
140,332 154,666
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 36,005
Bank loans 2,730 3,382
2,730 39,387
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 31,570 14,178
Later than one year and not later than five years - 36,005
31,570 50,183
31,570 50,183
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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