Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truetruetruetruetrue2023-05-01false5951truefalsefalse SC089716 2023-05-01 2024-04-30 SC089716 2022-05-01 2023-04-30 SC089716 2024-04-30 SC089716 2023-04-30 SC089716 3 2023-05-01 2024-04-30 SC089716 3 2022-05-01 2023-04-30 SC089716 4 2023-05-01 2024-04-30 SC089716 4 2022-05-01 2023-04-30 SC089716 d:Director1 2023-05-01 2024-04-30 SC089716 d:Director2 2023-05-01 2024-04-30 SC089716 d:RegisteredOffice 2023-05-01 2024-04-30 SC089716 e:MotorVehicles 2023-05-01 2024-04-30 SC089716 e:MotorVehicles 2024-04-30 SC089716 e:MotorVehicles 2023-04-30 SC089716 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC089716 e:CurrentFinancialInstruments 2024-04-30 SC089716 e:CurrentFinancialInstruments 2023-04-30 SC089716 e:CurrentFinancialInstruments e:WithinOneYear 2024-04-30 SC089716 e:CurrentFinancialInstruments e:WithinOneYear 2023-04-30 SC089716 e:ReportableOperatingSegment1 2023-05-01 2024-04-30 SC089716 e:ReportableOperatingSegment1 2022-05-01 2023-04-30 SC089716 e:UKTax 2023-05-01 2024-04-30 SC089716 e:UKTax 2022-05-01 2023-04-30 SC089716 e:ShareCapital 2024-04-30 SC089716 e:ShareCapital 2023-04-30 SC089716 e:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 SC089716 e:RetainedEarningsAccumulatedLosses 2024-04-30 SC089716 e:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 SC089716 e:RetainedEarningsAccumulatedLosses 2023-04-30 SC089716 e:RetainedEarningsAccumulatedLosses 2022-05-01 SC089716 d:OrdinaryShareClass1 2023-05-01 2024-04-30 SC089716 d:OrdinaryShareClass1 2024-04-30 SC089716 d:OrdinaryShareClass1 2023-04-30 SC089716 d:FRS102 2023-05-01 2024-04-30 SC089716 d:Audited 2023-05-01 2024-04-30 SC089716 d:FullAccounts 2023-05-01 2024-04-30 SC089716 d:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC089716 e:AcceleratedTaxDepreciationDeferredTax 2024-04-30 SC089716 e:AcceleratedTaxDepreciationDeferredTax 2023-04-30 SC089716 f:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC089716










ALLSON SPARKLE LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
ALLSON SPARKLE LIMITED
 

COMPANY INFORMATION


Directors
Mr C J Drysdale 
Mrs N Drysdale 




Registered number
SC089716



Registered office
Unit S and Warehouse 5 Telford Road
Eastfield Industrial Estate

Glenrothes

Fife

KY7 4NX




Independent auditors
Sumer Auditco Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
ALLSON SPARKLE LIMITED
 

CONTENTS



Page
Strategic Report
1
Directors' Report
2 - 3
Independent Auditors' Report
4 - 6
Statement of Income and Retained Earnings
7
Statement of Financial Position
8 - 9
Notes to the Financial Statements
10 - 22


 
ALLSON SPARKLE LIMITED
 

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024

Introduction
 
The directors have pleasure in presenting their strategic report for the year ended 30th April 2022.

Business review
 
The directors are pleased to report further positive results in the year under review with increased turnover and continued profitability.
The directors' are confident that performance will be strong in the forthcoming year but are mindful of changable economic factors both nationally and internationally and the potential risk and challenges that that generates.
The company’s key performance indicators include that of turnover growth, gross margin and net profit. Turnover for the year has increased by 4% to £15,452,494 compared to the prior year £14,852,128. Gross margin has reduced during the year with a rate of 13.9% compared to 15.7% in the previous year and net profit before tax has also decreased by £136,973 from £1,238,029 in 2023 to £1,101,056 in 2024.
The Board of Directors continue to recognise that this could not be achieved without the valued ongoing support of all our employees and key suppliers.

Principal risks and uncertainties
 
The company faces a number of operating risks and uncertainties that could impact performance. Steps are taken to understand these risks and to mitigate them to achieve the directors' long-term goal of creating a sustainable business which delivers benefits to all stakeholders.
The main commercial risks to the company are the availability, price and source information for the goods which they trade. This is in line with other businesses operating in this sector. These risks are managed by thorough risk management and due diligence procedures being operated and controlled by the directors.
The company's principal financial instrument is bank deposits. The main purpose of bank deposits is to finance company operations and provide sufficient working capital levels.
Due to the nature of the financial instruments used by the company there is no exposure to price risk. The company's approach to managing other risks applicable to the financial instruments concerned is detailed below.


This report was approved by the board and signed on its behalf.



................................................
Mr C J Drysdale
Director

Date: 30 January 2025

Page 1

 
ALLSON SPARKLE LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2024

The directors present their report and the financial statements for the year ended 30 April 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company was wholesalers of alcoholic drinks, soft drinks and foodstuffs, together with the manufacture of alcoholic drinks, soft drinks, squashes and cordials.

Results and dividends

The profit for the year, after taxation, amounted to £822,272 (2023 - £996,280).

Particulars of dividends paid are detailed in the notes to the financial statements.

Directors

The directors who served during the year were:

Mr C J Drysdale 
Mrs N Drysdale 

Future developments

The Company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of future developments.

Page 2

 
ALLSON SPARKLE LIMITED
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024


Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

The auditorsSumer Auditco Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





................................................
Mr C J Drysdale
Director

Date: 30 January 2025

Page 3

 
ALLSON SPARKLE LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALLSON SPARKLE LIMITED
 

Opinion


We have audited the financial statements of Allson Sparkle Limited (the 'Company') for the year ended 30 April 2024, which comprise the Statement of Income and Retained Earnings, the Statement of Financial Position and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 30 April 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 4

 
ALLSON SPARKLE LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALLSON SPARKLE LIMITED (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


The financial statements of the Company for the year ended 30 April 2023 were not audited.


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 5

 
ALLSON SPARKLE LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALLSON SPARKLE LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Mark Gibson (Senior Statutory Auditor)
for and on behalf of
Sumer Auditco Limited
Chartered Accountants
Pentland House
Saltire Centre
Glenrothes
Fife
KY6 2AH

30 January 2025
Page 6

 
ALLSON SPARKLE LIMITED
 

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 APRIL 2024

2024
2023
£
£

  

Turnover
 4 
15,452,494
14,852,128

Cost of sales
  
(13,301,704)
(12,517,173)

Gross profit
  
2,150,790
2,334,955

Administrative expenses
  
(1,059,635)
(1,089,952)

Other operating income
 5 
2,643
5,193

Operating profit
 6 
1,093,798
1,250,196

Interest receivable and similar income
 9 
7,258
1,264

Interest payable and similar expenses
 10 
-
(13,431)

Profit before tax
  
1,101,056
1,238,029

Tax on profit
 11 
(278,784)
(241,749)

Profit after tax
  
822,272
996,280

  

  

Retained earnings at the beginning of the year
  
626,997
245,322

Profit for the year
  
822,272
996,280

Dividends declared and paid
  
(480,000)
(614,605)

Retained earnings at the end of the year
  
969,269
626,997
The notes on pages 10 to 22 form part of these financial statements.

Page 7

 
ALLSON SPARKLE LIMITED
REGISTERED NUMBER: SC089716

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 13 
190,504
265,793

  
190,504
265,793

Current assets
  

Stocks
 14 
3,348,369
2,299,295

Debtors: amounts falling due within one year
 15 
357,162
704,430

Cash at bank and in hand
 16 
1,319,669
1,010,147

  
5,025,200
4,013,872

Creditors: amounts falling due within one year
 17 
(4,148,809)
(3,536,220)

Net current assets
  
 
 
876,391
 
 
477,652

Total assets less current liabilities
  
1,066,895
743,445

Provisions for liabilities
  

Deferred tax
 18 
(47,626)
(66,448)

  
 
 
(47,626)
 
 
(66,448)

Net assets
  
1,019,269
676,997


Capital and reserves
  

Called up share capital 
 19 
50,000
50,000

Profit and loss account
 20 
969,269
626,997

  
1,019,269
676,997


Page 8

 
ALLSON SPARKLE LIMITED
REGISTERED NUMBER: SC089716

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 January 2025.




................................................
Mr C J Drysdale
Director

The notes on pages 10 to 22 form part of these financial statements.

Page 9

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Allson Sparkle Limited is a company limited by shares, incorporated in Scotland. Its registered office is Unit S and Warehouse 5 Telford Road, Eastfield Industrial Estate, Glenrothes, Fife, KY7 4NX.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Thunder Holdings Limited as at 30 April 2024 and these financial statements may be obtained from Companies House.

Page 10

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stock

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 11

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 12

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.11

Operating leases: the company as a lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 13

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 14

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 

 
2.16

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The most significant estimation within the company's financial statements relates to depreciation. The directors review depreciation rates on a regular basis to ensure that the policy rate remains appropriate.
The directors also require to exercise judgement in assessing recoverability of trade debtors and make appropriate provision where their credit control procedures indicate that trade debtor balances may not be fully recoverable.

Page 15

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Turnover

2024
2023
£
£

Sale and distribution of beverages
15,452,494
14,852,128


All turnover arose within the United Kingdom.


5.


Other operating income

2024
2023
£
£

Insurance claims receivable
2,643
-

Sundry income
-
5,193

2,643
5,193



6.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Fees payable to the Company's auditor and its associates for the audit of the Company's annual financial statements
11,000
-

Exchange differences
2,182
11,109

Depreciation on tangible fixed assets
75,289
35,362

Operating lease charges
190,000
190,000

Page 16

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Employees

Staff costs, including directors' remuneration, were as follows:


2024
2023
£
£

Wages and salaries
1,342,270
1,183,884

Social security costs
118,744
99,120

Cost of defined contribution scheme
22,048
16,359

1,483,062
1,299,363


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2



Production and delivery
47
39



Administration
10
10

59
51


8.


Directors' remuneration

2024
2023
£
£

Directors' emoluments
19,038
84,679

Company contributions to defined contribution pension schemes
384
352

19,422
85,031



9.


Interest receivable

2024
2023
£
£


Other interest receivable
7,258
1,264


10.


Interest payable and similar expenses

2024
2023
£
£


Bank interest payable
-
13,431

Page 17

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
297,606
175,301


297,606
175,301


Total current tax
297,606
175,301


Origination and reversal of timing differences
(18,822)
66,448


Taxation on profit on ordinary activities
278,784
241,749

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023 - higher than) the standard rate of corporation tax in the UK of 25% (2023 - 19.5%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
1,101,056
1,238,029


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 19.5%)
275,264
241,416

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
3,520
2,151

Enhanced capital allowance claim
-
(16,150)

Impact of rate change
-
23,185

Group relief
-
(8,853)

Total tax charge for the year
278,784
241,749


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


12.


Dividends

2024
2023
£
£


Equity dividends on ordinary shares
480,000
614,605

Page 18

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

13.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 May 2023
301,155



At 30 April 2024

301,155



Depreciation


At 1 May 2023
35,362


Charge for the year on owned assets
75,289



At 30 April 2024

110,651



Net book value



At 30 April 2024
190,504



At 30 April 2023
265,793




14.


Stocks

2024
2023
£
£

Finished goods and goods for resale
3,348,369
2,299,295


Page 19

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

15.


Debtors

2024
2023
£
£


Trade debtors
351,252
618,223

Amounts owed by group undertakings
-
14,162

Other debtors
4,659
70,949

Prepayments and accrued income
1,251
1,096

357,162
704,430



16.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,319,669
1,010,147



17.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,001,037
531,235

Amounts owed to group undertakings
2,724,558
2,366,136

Other taxation and social security
269,786
408,434

Other creditors
103,141
215,986

Accruals and deferred income
50,287
14,429

4,148,809
3,536,220


Amounts owed to group undertakings are secured by a floating charge over the property, assets and rights of the company.

Page 20

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

18.


Deferred taxation




2024


£






At beginning of year
(66,448)


Transfer to group company
18,822



At end of year
(47,626)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(47,626)
(66,448)


19.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50,000 (2023 - 50,000) Ordinary shares of £1.00 each
50,000
50,000



20.


Reserves

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses. 


21.

Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £22,048 (2023 - £16,359). Contributions totaling £nil (2023 - £nil) where payable to the fund at the balance sheet date. 


22.


Related party transactions

The company has taken advantage of the exemption available within FRS 102 from disclosing related party transactions with other companies that are wholly owned by the group headed by Thunder Holdings Limited.

Page 21

 
ALLSON SPARKLE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

23.


Ultimate Controlling Party

The immediate and ultimate parent company is Thunder Holdings Limited, a private company registered in Scotland, whose registered office is the same as the company's. Consolidated accounts for Thunder Holdings Limited are available from Companies House.
The ultimate controlling party is the director Mr C J Drysdale as a result of his majority shareholding Thunder Holdings Limited.


Page 22