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REGISTERED NUMBER: 11252909 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SPARKES HOLDINGS LTD
T/A
THE GRUFF STUFF

SPARKES HOLDINGS LTD (REGISTERED NUMBER: 11252909)
T/A THE GRUFF STUFF






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPARKES HOLDINGS LTD
T/A THE GRUFF STUFF

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D T Sparkes





REGISTERED OFFICE: Manchester Business Park
3000 Aviator Way
Manchester
M22 5TG





REGISTERED NUMBER: 11252909 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

SPARKES HOLDINGS LTD (REGISTERED NUMBER: 11252909)
T/A THE GRUFF STUFF

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,301 2,326

CURRENT ASSETS
Stocks 25,798 26,277
Debtors 5 6,720 5,180
Cash at bank and in hand 150 211
32,668 31,668
CREDITORS
Amounts falling due within one year 6 172,416 142,489
NET CURRENT LIABILITIES (139,748 ) (110,821 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(138,447

)

(108,495

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (138,547 ) (108,595 )
(138,447 ) (108,495 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 21 March 2025 and were signed by:





D T Sparkes - Director


SPARKES HOLDINGS LTD (REGISTERED NUMBER: 11252909)
T/A THE GRUFF STUFF

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Sparkes Holdings Ltd is a private company limited by shares incorporated in England and Wales. The company's registered number is 11252909 and its registered office is at Manchester Business Park, 3000 Aviator Way, Manchester, M22 5TG.

2. ACCOUNTING POLICIES

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

At the balance sheet date the company had net liabilities of £138,447 (2023: £108,495). The director has considered the future trading prospects of the company and is satisfied that, with his continued support, the company is a going concern.

Turnover
Turnover 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.
Plant and machinery etc - 50% on cost and 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

SPARKES HOLDINGS LTD (REGISTERED NUMBER: 11252909)
T/A THE GRUFF STUFF

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 14,189
Additions 308
At 31 March 2024 14,497
DEPRECIATION
At 1 April 2023 11,863
Charge for year 1,333
At 31 March 2024 13,196
NET BOOK VALUE
At 31 March 2024 1,301
At 31 March 2023 2,326

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,502 4,738
Other debtors 1,218 442
6,720 5,180

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2 -
Trade creditors 19,275 717
Taxation and social security - 3,491
Other creditors 153,139 138,281
172,416 142,489

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year - 1,200