Spark Data Systems Limited 03208365 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of information technology consultants Digita Accounts Production Advanced 6.30.9574.0 true true false 03208365 2023-08-01 2024-07-31 03208365 2024-07-31 03208365 bus:OrdinaryShareClass1 2024-07-31 03208365 core:CurrentFinancialInstruments 2024-07-31 03208365 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 03208365 core:FurnitureFittingsToolsEquipment 2024-07-31 03208365 core:OtherPropertyPlantEquipment 2024-07-31 03208365 core:ParentEntities 2024-07-31 03208365 bus:SmallEntities 2023-08-01 2024-07-31 03208365 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 03208365 bus:FilletedAccounts 2023-08-01 2024-07-31 03208365 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03208365 bus:RegisteredOffice 2023-08-01 2024-07-31 03208365 bus:Director1 2023-08-01 2024-07-31 03208365 bus:Director2 2023-08-01 2024-07-31 03208365 bus:Director3 2023-08-01 2024-07-31 03208365 bus:Director4 2023-08-01 2024-07-31 03208365 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 03208365 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03208365 core:ComputerEquipment 2023-08-01 2024-07-31 03208365 core:FurnitureFittings 2023-08-01 2024-07-31 03208365 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 03208365 core:OfficeEquipment 2023-08-01 2024-07-31 03208365 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 03208365 core:ParentEntities 2023-08-01 2024-07-31 03208365 1 2023-08-01 2024-07-31 03208365 countries:EnglandWales 2023-08-01 2024-07-31 03208365 2023-07-31 03208365 core:FurnitureFittingsToolsEquipment 2023-07-31 03208365 core:OtherPropertyPlantEquipment 2023-07-31 03208365 core:ParentEntities 2023-07-31 03208365 2022-08-01 2023-07-31 03208365 2023-07-31 03208365 bus:OrdinaryShareClass1 2023-07-31 03208365 core:CurrentFinancialInstruments 2023-07-31 03208365 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 03208365 core:FurnitureFittingsToolsEquipment 2023-07-31 03208365 core:OtherPropertyPlantEquipment 2023-07-31 03208365 core:ParentEntities 2023-07-31 03208365 core:ParentEntities 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03208365

Spark Data Systems Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 July 2024

 

Spark Data Systems Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Spark Data Systems Limited

Company Information

Directors

R S Lowe

HL Fedder

P J Marshall

J Jones

Registered office

Quayside House
40-58 Hotwell Road
Hotwells
Bristol
BS8 4UQ

Accountants

G W Jones & Co
Accountants
Office 1 The Coach House
24-26 Station Road
Shirehampton
Bristol
BS11 9TX

 

Spark Data Systems Limited

(Registration number: 03208365)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

25,146

24,319

Current assets

 

Debtors

5

439,536

519,474

Cash at bank and in hand

 

449,458

575,868

 

888,994

1,095,342

Prepayments and accrued income

 

29,759

22,539

Creditors: Amounts falling due within one year

(483,744)

(456,635)

Net current assets

 

435,009

661,246

Total assets less current liabilities

 

460,155

685,565

Provisions for liabilities

(6,286)

(6,080)

Accruals and deferred income

 

(10,197)

(7,345)

Net assets

 

443,672

672,140

Capital and reserves

 

Called up share capital

6

300

300

Retained earnings

443,372

671,840

Shareholders' funds

 

443,672

672,140

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 February 2025 and signed on its behalf by:
 

 

Spark Data Systems Limited

(Registration number: 03208365)
Abridged Balance Sheet as at 31 July 2024

.........................................
R S Lowe
Director

 

Spark Data Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Quayside House
40-58 Hotwell Road
Hotwells
Bristol
BS8 4UQ

These financial statements were authorised for issue by the Board on 6 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

The current income 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 taxable income.

 

Spark Data Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Fixtures and fittings

33% straight line

Computer equipment

50% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Spark Data Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2023 - 26).

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

56,208

150,380

206,588

Additions

8,952

8,872

17,824

At 31 July 2024

65,160

159,252

224,412

Depreciation

At 1 August 2023

40,554

141,715

182,269

Charge for the year

8,310

8,687

16,997

At 31 July 2024

48,864

150,402

199,266

Carrying amount

At 31 July 2024

16,296

8,850

25,146

At 31 July 2023

15,654

8,665

24,319

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

Spark Data Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

300

300

300

300

       

7

Dividends

2024

2023

£

£

Interim dividend of £3,733.33 (2023 - £2,994.17) per ordinary share

1,120,000

898,250

 

 

8

Related party transactions

 

Spark Data Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

19,232

48,415

Contributions paid to money purchase schemes

375

873

19,607

49,288

Summary of transactions with parent

Spark Data Systems Holdings Limited
 Loan advance
 

Loans to related parties

2024

Parent
£

Total
£

At start of period

32,500

32,500

At end of period

32,500

32,500

2023

Parent
£

Total
£

Advanced

32,500

32,500

At end of period

32,500

32,500

9

Parent and ultimate parent undertaking

The company's immediate parent is Spark Data Systems Holdings Limited, incorporated in England and Wales.