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DR SPARX ELECTRICAL LTD

Registered Number
13478738
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

DR SPARX ELECTRICAL LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Dean Nicholas Richards

Registered Address

20 Waddington Avenue
Birmingham
B43 5JG

Place of Business


Registered Number

13478738 (England and Wales)
DR SPARX ELECTRICAL LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,4001,920
6,4001,920
Current assets
Stocks3,5002,250
Debtors46,7711,992
Cash at bank and on hand502282
10,7734,524
Creditors amounts falling due within one year5(31,397)(18,051)
Net current assets (liabilities)(20,624)(13,527)
Total assets less current liabilities(14,224)(11,607)
Net assets(14,224)(11,607)
Capital and reserves
Called up share capital11
Profit and loss account(14,225)(11,608)
Shareholders' funds(14,224)(11,607)
The financial statements were approved and authorised for issue by the Director on 12 February 2025, and are signed on its behalf by:
Dean Nicholas Richards
Director
Registered Company No. 13478738
DR SPARX ELECTRICAL LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 233,000
Additions8,000
Disposals(3,000)
At 30 June 248,000
Depreciation and impairment
At 01 July 231,080
Charge for year1,600
On disposals(1,080)
At 30 June 241,600
Net book value
At 30 June 246,400
At 30 June 231,920
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4,520140
Other debtors2,2511,852
Total6,7711,992
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables7051,663
Bank borrowings and overdrafts1,567-
Taxation and social security972223
Other creditors28,15316,165
Total31,39718,051