IRIS Accounts Production v24.3.2.46 03275287 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032752872023-06-30032752872024-06-30032752872023-07-012024-06-30032752872022-06-30032752872022-07-012023-06-30032752872023-06-3003275287ns15:EnglandWales2023-07-012024-06-3003275287ns14:PoundSterling2023-07-012024-06-3003275287ns10:Director12023-07-012024-06-3003275287ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003275287ns10:SmallEntities2023-07-012024-06-3003275287ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003275287ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003275287ns10:FullAccounts2023-07-012024-06-3003275287ns10:OrdinaryShareClass12023-07-012024-06-3003275287ns10:Director22023-07-012024-06-3003275287ns10:Director32023-07-012024-06-3003275287ns10:RegisteredOffice2023-07-012024-06-3003275287ns5:CurrentFinancialInstruments2024-06-3003275287ns5:CurrentFinancialInstruments2023-06-3003275287ns5:ShareCapital2024-06-3003275287ns5:ShareCapital2023-06-3003275287ns5:RetainedEarningsAccumulatedLosses2024-06-3003275287ns5:RetainedEarningsAccumulatedLosses2023-06-3003275287ns5:FurnitureFittings2023-07-012024-06-3003275287ns5:ComputerEquipment2023-07-012024-06-3003275287ns5:FurnitureFittings2023-06-3003275287ns5:ComputerEquipment2023-06-3003275287ns5:FurnitureFittings2024-06-3003275287ns5:ComputerEquipment2024-06-3003275287ns5:FurnitureFittings2023-06-3003275287ns5:ComputerEquipment2023-06-3003275287ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3003275287ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3003275287ns5:WithinOneYear2024-06-3003275287ns5:WithinOneYear2023-06-3003275287ns5:BetweenOneFiveYears2024-06-3003275287ns5:BetweenOneFiveYears2023-06-3003275287ns5:AllPeriods2024-06-3003275287ns5:AllPeriods2023-06-3003275287ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 03275287 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Spartan Direct Limited

Spartan Direct Limited (Registered number: 03275287)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spartan Direct Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R A Church
Mrs S L Church
L Gregory





REGISTERED OFFICE: Unit 2 Dairy Barns
Nuthurst Grange Lane
Hockley Heath
Solihull
West Midlands
B94 5NL





REGISTERED NUMBER: 03275287 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Spartan Direct Limited (Registered number: 03275287)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 3,157 6,005

CURRENT ASSETS
Inventories 6 5,000 170,500
Debtors 7 310,986 175,913
Cash at bank 302,617 419,807
618,603 766,220
CREDITORS
Amounts falling due within one year 8 597,273 676,302
NET CURRENT ASSETS 21,330 89,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,487

95,923

PROVISIONS FOR LIABILITIES 606 1,278
NET ASSETS 23,881 94,645

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 23,781 94,545
SHAREHOLDERS' FUNDS 23,881 94,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Spartan Direct Limited (Registered number: 03275287)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:





R A Church - Director


Spartan Direct Limited (Registered number: 03275287)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Spartan Direct 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at 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.
Fixtures and fittings - 15% on cost
Computer equipment - 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Spartan Direct Limited (Registered number: 03275287)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 41,466 18,308 59,774
DEPRECIATION
At 1 July 2023 39,439 14,330 53,769
Charge for year 1,379 1,469 2,848
At 30 June 2024 40,818 15,799 56,617
NET BOOK VALUE
At 30 June 2024 648 2,509 3,157
At 30 June 2023 2,027 3,978 6,005

6. INVENTORIES
30.6.24 30.6.23
£    £   
Work-in-progress 5,000 170,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 294,121 92,663
Amounts owed by group undertakings 11 11
Other debtors 4,000 64,000
Prepayments and accrued income 12,854 19,239
310,986 175,913

Spartan Direct Limited (Registered number: 03275287)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 255,567 447,153
Tax 108,729 43,520
Social security and other taxes 200,559 114,797
Other creditors 4,102 -
Directors' current accounts 19,056 19,056
Accruals and deferred income 9,260 51,776
597,273 676,302

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 15,000 15,000
Between one and five years 8,750 23,750
23,750 38,750

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

11. CAPITAL COMMITMENTS
30.6.24 30.6.23
£    £   
Contracted but not provided for in the
financial statements - -

12. RELATED PARTY DISCLOSURES

In the year under review, the company recharged costs totalling £55,000 to a company associated with the members of key management personnel of this company. In the opinion of the directors, these recharges were made at arm's length values.