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REGISTERED NUMBER: 09839755 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Spark People Development Limited

Spark People Development Limited (Registered number: 09839755)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Spark People Development Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: S J Elly
Mrs H L Moore-Elly





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: 09839755 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Spark People Development Limited (Registered number: 09839755)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 21,567 1,205

CURRENT ASSETS
Debtors 5 19,244 14,282
Cash at bank 6,207 33,451
25,451 47,733
CREDITORS
Amounts falling due within one year 6 12,078 23,566
NET CURRENT ASSETS 13,373 24,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,940

25,372

PROVISIONS FOR LIABILITIES 4,098 229
NET ASSETS 30,842 25,143

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 30,742 25,043
SHAREHOLDERS' FUNDS 30,842 25,143

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Spark People Development Limited (Registered number: 09839755)

Statement of Financial Position - continued
31 October 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 3 June 2025 and were signed on its behalf by:





S J Elly - Director


Spark People Development Limited (Registered number: 09839755)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Spark People Development 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.

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.

Turnover
Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Spark People Development Limited (Registered number: 09839755)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 - 2,272 2,272
Additions 24,500 303 24,803
At 31 October 2024 24,500 2,575 27,075
DEPRECIATION
At 1 November 2023 - 1,067 1,067
Charge for year 4,083 358 4,441
At 31 October 2024 4,083 1,425 5,508
NET BOOK VALUE
At 31 October 2024 20,417 1,150 21,567
At 31 October 2023 - 1,205 1,205

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 19,127 14,165
Social security and other
taxes 117 117
19,244 14,282

Spark People Development Limited (Registered number: 09839755)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Tax 4,808 16,853
VAT 3,977 5,475
Other creditors 2,321 -
Directors' current accounts 313 578
Accrued expenses 659 660
12,078 23,566

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 November 2023 25,043
Profit for the year 36,699
Dividends (31,000 )
At 31 October 2024 30,742

Spark People Development Limited (Registered number: 09839755)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. RELATED PARTY DISCLOSURES

S J Elly
Director

During the year the company entered into the following transactions with the director:

2024 2023

Dividends paid 23,250 54,000

Capital introduced/(Withdrawn) (265 ) 57

At the year end the amount due to the director was £313 (2023 - £578).


Mrs H L Moore-Elly
Director

During the year the company entered into the following transactions with the director:

2024 2023

Dividends paid 7,750 18,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is S J Elly.