IRIS Accounts Production v24.3.2.46 SC467871 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4678712023-04-30SC4678712024-04-30SC4678712023-05-012024-04-30SC4678712022-04-30SC4678712022-05-012023-04-30SC4678712023-04-30SC467871ns15:Scotland2023-05-012024-04-30SC467871ns14:PoundSterling2023-05-012024-04-30SC467871ns10:Director12023-05-012024-04-30SC467871ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC467871ns10:SmallEntities2023-05-012024-04-30SC467871ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC467871ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC467871ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC467871ns10:AbridgedAccounts2023-05-012024-04-30SC46787112023-05-012024-04-30SC467871ns10:OrdinaryShareClass12023-05-012024-04-30SC467871ns10:Director22023-05-012024-04-30SC467871ns10:RegisteredOffice2023-05-012024-04-30SC467871ns5:CurrentFinancialInstruments2024-04-30SC467871ns5:CurrentFinancialInstruments2023-04-30SC467871ns5:Non-currentFinancialInstruments2024-04-30SC467871ns5:Non-currentFinancialInstruments2023-04-30SC467871ns5:ShareCapital2024-04-30SC467871ns5:ShareCapital2023-04-30SC467871ns5:RetainedEarningsAccumulatedLosses2024-04-30SC467871ns5:RetainedEarningsAccumulatedLosses2023-04-30SC467871ns5:NetGoodwill2023-05-012024-04-30SC467871ns5:PlantMachinery2023-05-012024-04-30SC467871ns5:FurnitureFittings2023-05-012024-04-30SC467871ns5:MotorVehicles2023-05-012024-04-30SC467871ns5:ComputerEquipment2023-05-012024-04-30SC467871ns10:OrdinaryShareClass12024-04-30SC467871ns5:OtherRelatedParties2023-05-012024-04-30
REGISTERED NUMBER: SC467871 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Auto Sparks (Stranraer) Ltd

Auto Sparks (Stranraer) Ltd (Registered number: SC467871)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Auto Sparks (Stranraer) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S J Magee
Mrs T L Magee





REGISTERED OFFICE: Unit 2 Fountain Way
Blackparks Industrial Estate
Stranraer
Dumfries & Galloway
DG9 7UD





REGISTERED NUMBER: SC467871 (Scotland)





ACCOUNTANTS: McMillan Bain & Company
27 High Park Avenue
Stranraer
Dumfries & Galloway
DG9 0DE

Auto Sparks (Stranraer) Ltd (Registered number: SC467871)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 15,000
Tangible assets 5 38,036 47,529
38,036 62,529

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 60,674 53,695
Cash at bank 146,653 151,412
209,327 207,107
CREDITORS
Amounts falling due within one year 78,242 82,236
NET CURRENT ASSETS 131,085 124,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,121

187,400

CREDITORS
Amounts falling due after more than one
year

(164,552

)

(169,761

)

PROVISIONS FOR LIABILITIES (286 ) (2,516 )
NET ASSETS 4,283 15,123

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 4,183 15,023
SHAREHOLDERS' FUNDS 4,283 15,123

Auto Sparks (Stranraer) Ltd (Registered number: SC467871)

Abridged Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





S J Magee - Director


Auto Sparks (Stranraer) Ltd (Registered number: SC467871)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Auto Sparks (Stranraer) Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 Profit & Loss, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Auto Sparks (Stranraer) Ltd (Registered number: SC467871)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 150,000
AMORTISATION
At 1 May 2023 135,000
Amortisation for year 15,000
At 30 April 2024 150,000
NET BOOK VALUE

At 30 April 2024 -
At 30 April 2023 15,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 133,444
Additions 1,015
At 30 April 2024 134,459
DEPRECIATION
At 1 May 2023 85,915
Charge for year 10,508
At 30 April 2024 96,423
NET BOOK VALUE
At 30 April 2024 38,036
At 30 April 2023 47,529

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £1 100 100

Auto Sparks (Stranraer) Ltd (Registered number: SC467871)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. RELATED PARTY DISCLOSURES

Included in creditors due after one year is the sum of £127,427 (2023: £127,426) due to the directors of the company.