2024-01-01 02956629 2024-12-31 02956629 2024-01-01 2024-12-31 02956629 2023-12-31 02956629 2023-01-01 2023-12-31 02956629 uk-core:WithinOneYear 2023-12-31 02956629 uk-core:WithinOneYear 2024-12-31 02956629 uk-core:ShareCapital 2024-12-31 02956629 uk-core:ShareCapital 2023-12-31 02956629 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 02956629 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 02956629 uk-bus:Director1 2024-01-01 2024-12-31 02956629 uk-core:VehiclesPlantMachinery 2023-12-31 02956629 uk-core:FurnitureFittingsToolsEquipment 2023-12-31 02956629 uk-core:VehiclesPlantMachinery 2024-01-01 2024-12-31 02956629 uk-core:FurnitureFittingsToolsEquipment 2024-12-31 02956629 uk-core:VehiclesPlantMachinery 2024-12-31 02956629 uk-core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure 02956629 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02956629 uk-bus:FRS102 2024-01-01 2024-12-31 02956629 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 02956629 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
APPROVAL
Sprake Developments Ltd
Registered Number:02956629
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
APPROVAL
Registered Number :
02956629
As at 31 December 2024
Sprake Developments Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
4,138
3,782
2
4,138
3,782
Current assets
Inventories
30,000
65,000
3
Trade and other receivables
(5,224)
-
4
299,354
Cash and cash equivalents
269,075
334,075
324,130
Trade and other payables: amounts falling due within one year
(8,463)
(35,099)
5
315,667
298,976
Net current assets
Total assets less current liabilities
303,114
319,449
303,114
Net assets
319,449
Capital and reserves
Called up share capital
4
4
Retained earnings
303,110
319,445
303,114
319,449
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
J A M Sprake Director
These financial statements were approved and authorised for issue by the Board on 26 February 2025 and were signed by:
The notes form part of these financial statements
1 of 3
3
APPROVAL
For the year ended 31 December 2024
Sprake Developments Ltd
Notes to the Financial Statements
Statutory Information
Sprake Developments Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 02956629.
Registered address:
Springfield
Town Lane
Chale Green, Ventnor
Isle of Wight
PO38 2JS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
2. Property, plant and equipment
Total
Motor Vehicles
Plant and
Machinery
£
£
£
Cost or valuation
At 01 January 2024
16,795
16,795
-
1,626
-
1,626
Additions
At 31 December 2024
1,626
16,795
18,421
Provision for depreciation and impairment
At 01 January 2024
13,013
13,013
-
Charge for year
1,270
945
325
At 31 December 2024
14,283
13,958
325
At 31 December 2024
Net book value
1,301
2,837
4,138
At 31 December 2023
-
3,782
3,782
3. Inventories
2023
2024
£
£
Stocks
65,000
30,000
2 of 3
4
APPROVAL
For the year ended 31 December 2024
Sprake Developments Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Trade debtors
-
(5,749)
Other debtors
-
525
(5,224)
-
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
6,675
-
Taxation and social security
25,153
7,419
Other creditors
3,271
1,044
35,099
8,463
6. Average number of persons employed
During the year the average number of employees was 0
3 of 3