Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08079585 Mrs Karen Sprakes Mr Eric Sprakes Mr Barry Sprakes Mr Paul Sprakes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08079585 2023-05-31 08079585 2024-05-31 08079585 2023-06-01 2024-05-31 08079585 frs-core:Non-currentFinancialInstruments 2024-05-31 08079585 frs-core:BetweenOneFiveYears 2024-05-31 08079585 frs-core:PlantMachinery 2023-06-01 2024-05-31 08079585 frs-core:ShareCapital 2024-05-31 08079585 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08079585 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08079585 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 08079585 frs-bus:SmallEntities 2023-06-01 2024-05-31 08079585 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08079585 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08079585 frs-bus:Director1 2023-06-01 2024-05-31 08079585 frs-bus:Director2 2023-06-01 2024-05-31 08079585 frs-bus:Director3 2023-06-01 2024-05-31 08079585 frs-bus:Director4 2023-06-01 2024-05-31 08079585 frs-countries:EnglandWales 2023-06-01 2024-05-31 08079585 2022-05-31 08079585 2023-05-31 08079585 2022-06-01 2023-05-31 08079585 frs-core:Non-currentFinancialInstruments 2023-05-31 08079585 frs-core:BetweenOneFiveYears 2023-05-31 08079585 frs-core:ShareCapital 2023-05-31 08079585 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08079585
Sprakes & Sons Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Ip's Associates Limited
23 Argyle Street
Liverpool
L1 5BL
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08079585
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,638 -
33,638 -
CURRENT ASSETS
Debtors 51,941 78,405
Cash at bank and in hand 27,972 18,700
79,913 97,105
Creditors: Amounts Falling Due Within One Year (64,249 ) (57,295 )
NET CURRENT ASSETS (LIABILITIES) 15,664 39,810
TOTAL ASSETS LESS CURRENT LIABILITIES 49,302 39,810
Creditors: Amounts Falling Due After More Than One Year (51,307 ) (33,205 )
NET (LIABILITIES)/ASSETS (2,005 ) 6,605
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account (2,007 ) 6,603
SHAREHOLDERS' FUNDS (2,005) 6,605
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Karen Sprakes
Director
Mr Eric Sprakes
Director
Mr Barry Sprakes
Director
Mr Paul Sprakes
Director
25 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Sprakes & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08079585 . The registered office is Unit 17 Golden Triange Complex, Harrison Street, Ditton, Widnes, Cheshire, WA8 8TN.
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:
Plant & Machinery - 20% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 2)
10 2
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 June 2023 -
Additions 34,798
As at 31 May 2024 34,798
Depreciation
As at 1 June 2023 -
Provided during the period 1,160
As at 31 May 2024 1,160
Net Book Value
As at 31 May 2024 33,638
As at 1 June 2023 -
5. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 28,031 -
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4