Company Registration No. 12173839 (England and Wales)
CLEVERSPARK LTD
Unaudited accounts
for the year ended 31 August 2024
CLEVERSPARK LTD
Unaudited accounts
Contents
CLEVERSPARK LTD
Company Information
for the year ended 31 August 2024
Company Number
12173839 (England and Wales)
Registered Office
8A ST. PETERS RISE
BRISTOL
BS13 7LY
ENGLAND
Accountants
Space Advisory and Accountancy Limited
19 Malago Drive
Bristol
BS3 5DR
CLEVERSPARK LTD
Statement of financial position
as at 31 August 2024
Tangible assets
13,675
18,541
Cash at bank and in hand
(4,090)
(5,761)
Creditors: amounts falling due within one year
(8,165)
(10,322)
Net current assets/(liabilities)
1,889
(8,134)
Total assets less current liabilities
15,564
10,407
Creditors: amounts falling due after more than one year
(13,258)
(17,532)
Provisions for liabilities
Net assets/(liabilities)
614
(7,125)
Profit and loss account
613
(7,126)
Shareholders' funds
614
(7,125)
For the year ending 31 August 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 March 2025 and were signed on its behalf by
Stephen McGourty
Director
Company Registration No. 12173839
CLEVERSPARK LTD
Notes to the Accounts
for the year ended 31 August 2024
CLEVERSPARK LTD is a private company, limited by shares, registered in England and Wales, registration number 12173839. The registered office is 8A ST. PETERS RISE, BRISTOL, BS13 7LY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
23,012
790
23,802
At 31 August 2024
23,012
790
23,802
At 1 September 2023
4,603
658
5,261
Charge for the year
4,603
263
4,866
At 31 August 2024
9,206
921
10,127
At 31 August 2024
13,806
(131)
13,675
At 31 August 2023
18,409
132
18,541
CLEVERSPARK LTD
Notes to the Accounts
for the year ended 31 August 2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
13,806
18,409
Amounts falling due within one year
Deferred tax asset
-
1,643
Other debtors
12,642
6,306
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,275
3,786
Taxes and social security
132
-
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
13,258
17,532
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
5,996
30,892
24,569
12,319
5,996
30,892
24,569
12,319
Interest on the directors loan is charged in line with HMRC guidance
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).