Acorah Software Products - Accounts Production 14.5.601 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05468511 Mr Todd Bennett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05468511 2023-05-31 05468511 2024-05-31 05468511 2023-06-01 2024-05-31 05468511 frs-core:CurrentFinancialInstruments 2024-05-31 05468511 frs-core:Non-currentFinancialInstruments 2024-05-31 05468511 frs-core:ComputerEquipment 2024-05-31 05468511 frs-core:ComputerEquipment 2023-06-01 2024-05-31 05468511 frs-core:ComputerEquipment 2023-05-31 05468511 frs-core:FurnitureFittings 2024-05-31 05468511 frs-core:FurnitureFittings 2023-06-01 2024-05-31 05468511 frs-core:FurnitureFittings 2023-05-31 05468511 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 05468511 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 05468511 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 05468511 frs-core:PlantMachinery 2024-05-31 05468511 frs-core:PlantMachinery 2023-06-01 2024-05-31 05468511 frs-core:PlantMachinery 2023-05-31 05468511 frs-core:ShareCapital 2024-05-31 05468511 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05468511 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05468511 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05468511 frs-bus:SmallEntities 2023-06-01 2024-05-31 05468511 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05468511 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05468511 frs-bus:Director1 2023-06-01 2024-05-31 05468511 frs-countries:EnglandWales 2023-06-01 2024-05-31 05468511 2022-05-31 05468511 2023-05-31 05468511 2022-06-01 2023-05-31 05468511 frs-core:CurrentFinancialInstruments 2023-05-31 05468511 frs-core:Non-currentFinancialInstruments 2023-05-31 05468511 frs-core:ShareCapital 2023-05-31 05468511 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05468511
Sparx Electrical Supplies Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Fax and Figures
4 Leg Square
Shepton Mallet
Somerset
BA4 5LL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05468511
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 231 316
231 316
CURRENT ASSETS
Stocks 5 18,000 18,000
Debtors 6 69,720 137,910
Cash at bank and in hand - 4,798
87,720 160,708
Creditors: Amounts Falling Due Within One Year 7 (164,387 ) (196,261 )
NET CURRENT ASSETS (LIABILITIES) (76,667 ) (35,553 )
TOTAL ASSETS LESS CURRENT LIABILITIES (76,436 ) (35,237 )
Creditors: Amounts Falling Due After More Than One Year 8 (7,601 ) (15,447 )
NET LIABILITIES (84,037 ) (50,684 )
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account (84,047 ) (50,694 )
SHAREHOLDERS' FUNDS (84,037) (50,684)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Todd Bennett
Director
25/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sparx Electrical Supplies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05468511 . The registered office is Unit 1a, Morovian Business Park, Moravian Road, Kingswood, Bristol, BS15 8NF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% straight line
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 1,450 557 3,685 2,352 8,044
As at 31 May 2024 1,450 557 3,685 2,352 8,044
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 June 2023 1,450 348 3,661 2,269 7,728
Provided during the period - 52 12 21 85
As at 31 May 2024 1,450 400 3,673 2,290 7,813
Net Book Value
As at 31 May 2024 - 157 12 62 231
As at 1 June 2023 - 209 24 83 316
5. Stocks
2024 2023
£ £
Materials 18,000 18,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 27,144 30,710
Other debtors (1,545 ) (1,545 )
Other taxes and social security 373 -
Amounts owed by associates 43,748 108,745
69,720 137,910
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,435 16,597
Bank loans and overdrafts 11,540 8,333
VAT 375 8,346
Other creditors 43,438 74,286
Accruals and deferred income 4,855 3,955
Director's loan account 84,744 84,744
164,387 196,261
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,601 15,447
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4