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REGISTERED NUMBER: 01212214 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Alan Spargo Limited

Alan Spargo Limited (Registered number: 01212214)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alan Spargo Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A M Spargo
M Spargo
P Spargo
S Baker





SECRETARY: A M Spargo





REGISTERED OFFICE: Coronation Road
Cressex Business Park
HIGH WYCOMBE
Buckinghamshire
HP12 3TA





REGISTERED NUMBER: 01212214 (England and Wales)





ACCOUNTANTS: Colin Truscott Accountancy Limited
9 Heron Close
Tresillian
Cornwall
TR2 4BH

Alan Spargo Limited (Registered number: 01212214)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 406,138 404,713

CURRENT ASSETS
Debtors 6 665,322 1,014,957
Cash at bank and in hand 2,501,495 1,777,845
3,166,817 2,792,802
CREDITORS
Amounts falling due within one year 7 672,271 500,054
NET CURRENT ASSETS 2,494,546 2,292,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,900,684

2,697,461

PROVISIONS FOR LIABILITIES 96,165 75,464
NET ASSETS 2,804,519 2,621,997

CAPITAL AND RESERVES
Called up share capital 990 990
Share premium 8 (2,500 ) (2,500 )
Capital redemption reserve 8 10 10
Other reserves 8 - 3,665
Retained earnings 8 2,806,019 2,619,832
SHAREHOLDERS' FUNDS 2,804,519 2,621,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Alan Spargo Limited (Registered number: 01212214)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

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





M Spargo - Director


Alan Spargo Limited (Registered number: 01212214)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Alan Spargo Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Revenue is recognised to the extent that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% on cost and 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Alan Spargo Limited (Registered number: 01212214)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 24 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 459,200 2,294,608 290,533 73,053 3,117,394
Additions - 8,785 20,102 - 28,887
Disposals - (21,850 ) - - (21,850 )
At 31 May 2024 459,200 2,281,543 310,635 73,053 3,124,431
DEPRECIATION
At 1 June 2023 114,801 2,246,103 278,724 73,053 2,712,681
Charge for year 4,592 16,452 6,418 - 27,462
Eliminated on disposal - (21,850 ) - - (21,850 )
At 31 May 2024 119,393 2,240,705 285,142 73,053 2,718,293
NET BOOK VALUE
At 31 May 2024 339,807 40,838 25,493 - 406,138
At 31 May 2023 344,399 48,505 11,809 - 404,713

Alan Spargo Limited (Registered number: 01212214)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 396,172 577,887
Amounts recoverable on contract 215,691 356,237
Prepayments and accrued income 53,459 80,833
665,322 1,014,957

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 109,551 126,689
Tax 197,458 115,020
Social security and other taxes 19,542 19,618
VAT 139,022 79,414
Other creditors 5,229 7,711
Directors' current accounts 332 332
Accrued expenses 201,137 151,270
672,271 500,054

8. RESERVES
Capital
Retained Share redemption Other
earnings premium reserve reserves Totals
£    £    £    £    £   

At 1 June 2023 2,619,832 (2,500 ) 10 3,665 2,621,007
Profit for the year 633,522 633,522
Dividends (451,000 ) (451,000 )
Transfer of reserves 3,665 - - (3,665 ) -
At 31 May 2024 2,806,019 (2,500 ) 10 - 2,803,529

9. OTHER FINANCIAL COMMITMENTS

As at the year end, the company was committed to paying a further £68,972 for leasing payments.

10. CONTROL

The company was controlled by Mr P Spargo and Mr M Spargo, who between them own 89% of the voting shares in the company.