Caseware UK (AP4) 2023.0.135 2023.0.135 The company operates a Director's current account with the director which is unsecured, interest free and repayable on demand. At the financial year end, the balance owed to the director was £1,611 (2023: £1,299).falsetrue2024-01-01falseNo description of principal activity12The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 2125764 2024-01-01 2024-12-31 2125764 2023-01-01 2023-12-31 2125764 2024-12-31 2125764 2023-12-31 2125764 c:CompanySecretary1 2024-01-01 2024-12-31 2125764 c:Director1 2024-01-01 2024-12-31 2125764 c:RegisteredOffice 2024-01-01 2024-12-31 2125764 d:PlantMachinery 2024-01-01 2024-12-31 2125764 d:PlantMachinery 2024-12-31 2125764 d:PlantMachinery 2023-12-31 2125764 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 2125764 d:OfficeEquipment 2024-01-01 2024-12-31 2125764 d:OfficeEquipment 2024-12-31 2125764 d:OfficeEquipment 2023-12-31 2125764 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 2125764 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 2125764 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 2125764 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 2125764 d:ShareCapital 2024-12-31 2125764 d:ShareCapital 2023-12-31 2125764 d:OtherMiscellaneousReserve 2024-12-31 2125764 d:OtherMiscellaneousReserve 2023-12-31 2125764 d:RetainedEarningsAccumulatedLosses 2024-12-31 2125764 d:RetainedEarningsAccumulatedLosses 2023-12-31 2125764 c:OrdinaryShareClass1 2024-01-01 2024-12-31 2125764 c:OrdinaryShareClass1 2024-12-31 2125764 c:OrdinaryShareClass1 2023-12-31 2125764 c:FRS102 2024-01-01 2024-12-31 2125764 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 2125764 c:AbridgedAccounts 2024-01-01 2024-12-31 2125764 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 2125764 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 2125764










SPARKS OF SWINTON LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 31 December 2024

 
SPARKS OF SWINTON LIMITED
 

Company Information


Director
Mrs L Sparks 




Company secretary
Mrs L Sparks



Registered number
2125764



Registered office
Flat 3, Christine House
1-3 Avenue Victoria

Scarborough

North Yorkshire

YO11 2QB





 
SPARKS OF SWINTON LIMITED
Registered number:2125764

Balance Sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
1,147
1,781

Investments
  
157,593
157,593

  
158,740
159,374

Current assets
  

Debtors
  
449
1,675

Cash at bank and in hand
  
79,198
89,072

  
79,647
90,747

Creditors: amounts falling due within one year
  
(2,771)
(2,248)

Net current assets
  
 
 
76,876
 
 
88,499

Total assets less current liabilities
  
235,616
247,873

Net assets
  
235,616
247,873


Capital and reserves
  

Called up share capital 
 5 
25,000
25,000

Other reserves
  
127,500
127,500

Profit and loss account
  
83,116
95,373

  
235,616
247,873


Page 1

 
SPARKS OF SWINTON LIMITED
Registered number:2125764

Balance Sheet (continued)
As at 31 December 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 February 2025.






Mrs L Sparks
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SPARKS OF SWINTON LIMITED
 
 
Notes to the Financial Statements
For the year ended 31 December 2024

1.


General information

Sparks of Swinton Limited is a company limited by shares incorporated in England within the United Kingdom.  The address of the registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

 
2.2

Revenue recognition

Revenue is recognised to the extent that it is probable 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. The following criteria must also be met before revenue is recognised:

 
2.3

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
     - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against
       the reversal of deferred tax liabilities or other future taxable profits; and
     - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been
       met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
SPARKS OF SWINTON LIMITED
 

Notes to the Financial Statements
For the year ended 31 December 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Furniture & equipment
-
20%
straight line
Office equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of comprehensive income. 

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
SPARKS OF SWINTON LIMITED
 
 
Notes to the Financial Statements
For the year ended 31 December 2024

3.


TANGIBLE FIXED ASSETS





Furniture & equipment
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
3,167
410
3,577



At 31 December 2024

3,167
410
3,577



Depreciation


At 1 January 2024
1,386
410
1,796


Charge for the year on owned assets
634
-
634



At 31 December 2024

2,020
410
2,430



Net book value



At 31 December 2024
1,147
-
1,147



At 31 December 2023
1,781
-
1,781


4.


Fixed asset investments





Investment properties

£



Cost or valuation


At 1 January 2024
157,593



At 31 December 2024
157,593





5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



25,000 (2023 -25,000) Ordinary shares of £1.00 each
25,000
25,000


Page 5

 
SPARKS OF SWINTON LIMITED
 
 
Notes to the Financial Statements
For the year ended 31 December 2024

6.


Transactions with directors

The company operates a Director's current account with the director which is unsecured, interest free and repayable on demand. At the financial year end, the balance owed to the director was £1,611 (2023: £1,299).


Page 6