Company registration number 04148701 (England and Wales)
GREEN SPARK (ENVIRONMENTAL) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
GREEN SPARK (ENVIRONMENTAL) LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 11
GREEN SPARK (ENVIRONMENTAL) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
4
957,178
1,069,794
Investments
5
46,428
46,428
1,003,606
1,116,222
Current assets
Inventories
6,522
6,606
Trade and other receivables
7
2,935,075
2,029,682
Cash and cash equivalents
303,859
138,737
3,245,456
2,175,025
Current liabilities
8
(3,528,675)
(2,884,412)
Net current liabilities
(283,219)
(709,387)
Total assets less current liabilities
720,387
406,835
Non-current liabilities
9
(277,359)
(461,472)
Net assets/(liabilities)
443,028
(54,637)
Equity
Called up share capital
11
32
32
Share premium account
329,969
329,969
Retained earnings
113,027
(384,638)
Total equity
443,028
(54,637)
GREEN SPARK (ENVIRONMENTAL) LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 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 in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 June 2025 and are signed on its behalf by:
P W Flanagan
Director
Company registration number 04148701 (England and Wales)
GREEN SPARK (ENVIRONMENTAL) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Share capital
Share premium account
Retained earnings
Total
£
£
£
£
Balance at 1 April 2023
32
329,969
(527,490)
(197,489)
Year ended 31 March 2024:
Profit and total comprehensive income
-
-
142,852
142,852
Balance at 31 March 2024
32
329,969
(384,638)
(54,637)
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
497,665
497,665
Balance at 31 March 2025
32
329,969
113,027
443,028
GREEN SPARK (ENVIRONMENTAL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Green Spark (Environmental) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lakeside Business Park, Carolina Way, Doncaster, DN4 5PN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

The directors have considered the Company's cash position, making appropriate enquiries and reviewing forecasts of future trading levels and cashflows for the period to 31 March 2028 and believe it is appropriate to prepare the accounts on a going concern basis.true

1.3
Revenue

Revenue is generated from the sale of environmental services and ancillary goods (including PPM's, interceptor servicing, site drainage maps, compliance audits and supply of spill kits with a full training package) to the commercial services sector.

 

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

GREEN SPARK (ENVIRONMENTAL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.4
Property, plant and equipment

Property, plant and equipment under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
1.5 - 6 years straight line
Office equipment
1.5 - 6 years straight line
Motor vehicles
1.5 - 8 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

1.5
Non-current investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

GREEN SPARK (ENVIRONMENTAL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

 

Inventories held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

GREEN SPARK (ENVIRONMENTAL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -
Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

 

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

GREEN SPARK (ENVIRONMENTAL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 8 -
1.14
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.15

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Useful economic life of assets

The directors have used their judgement in determining the useful economic lives of the Company's assets.

Classification of preference shares as equity

The directors have applied their judgement in assessing whether the preference shares should be classified as debt or equity and whether any liability should be recognised in the financial statements in respect of dividends relating to these shares. In making this assessment the directors have considered the current rights prescribed by these shares and whether there is any provision for mandatory redemption by the issuer for a fixed or determinable amount at a fixed or determinable future date and whether the issuing of any dividends is discretionary on behalf of the Company. The directors have concluded that due to the current rights attached to the preference shares, and the ability to issue discretionary dividends, it is appropriate to recognise these shares as an equity instrument under FRS102, with no related liability.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
68
57
GREEN SPARK (ENVIRONMENTAL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
4
Property, plant and equipment
Plant and equipment
Office equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
601,881
190,231
1,274,857
2,066,969
Additions
31,776
15,087
216,219
263,082
Disposals
-
0
-
0
(183,495)
(183,495)
At 31 March 2025
633,657
205,318
1,307,581
2,146,556
Depreciation and impairment
At 1 April 2024
451,334
166,791
379,050
997,175
Depreciation charged in the year
110,593
11,849
160,795
283,237
Eliminated in respect of disposals
-
0
-
0
(91,034)
(91,034)
At 31 March 2025
561,927
178,640
448,811
1,189,378
Carrying amount
At 31 March 2025
71,730
26,678
858,770
957,178
At 31 March 2024
150,547
23,440
895,807
1,069,794
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
46,428
46,428
6
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Green Spark Utility Services Limited
14 City Quay, Camperdown Street, Dundee, Scotland, DD1 3JA
Specialised cleaning, drainage, industrial and utilities services
Ordinary
100.00
7
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
2,100,438
1,349,616
Amounts owed by group undertakings
681,401
401,959
Other receivables
9,070
5,902
Prepayments and accrued income
144,166
272,205
2,935,075
2,029,682
GREEN SPARK (ENVIRONMENTAL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
8
Current liabilities
2025
2024
£
£
Bank loans
20,833
62,500
Obligations under finance leases
224,758
325,603
Trade payables
638,701
596,511
Taxation and social security
606,732
573,625
Other payables
1,766,428
1,141,063
Accruals and deferred income
271,223
185,110
3,528,675
2,884,412

Obligations under finance leases and hire purchase contracts are secured by the way of a fixed and floating charge over the assets of the company.

9
Non-current liabilities
2025
2024
Notes
£
£
Bank loans and overdrafts
-
0
20,833
Obligations under finance leases
241,549
361,794
Deferred income
35,810
78,845
277,359
461,472

Obligations under finance leases and hire purchase contracts are secured by the way of a fixed and floating charge over the assets of the company.

10
Retirement benefit schemes
Defined contribution schemes

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Contributions totalling £15,800 (2024: £14,105) were payable to the fund at the year end date.

11
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 0.1p each
21,428
21,428
21
21
GREEN SPARK (ENVIRONMENTAL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11
Called up share capital
(Continued)
- 11 -
2025
2024
2025
2024
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of 0.1p each
10,714
10,714
11
11
Preference shares classified as equity
11
11
Total equity share capital
32
32
12
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
381,753
514,629
13
Events after the reporting date

On 12 May 2025 the share premium account was reduced by £329,969.

2025-03-312024-04-01falsefalsefalse03 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityM E FlanaganP W FlanaganM E Flanagan041487012024-04-012025-03-31041487012025-03-31041487012024-03-3104148701core:PlantMachinery2025-03-3104148701core:ComputerEquipment2025-03-3104148701core:MotorVehicles2025-03-3104148701core:PlantMachinery2024-03-3104148701core:ComputerEquipment2024-03-3104148701core:MotorVehicles2024-03-3104148701core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-3104148701core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3104148701core:Non-currentFinancialInstrumentscore:AfterOneYear2025-03-3104148701core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3104148701core:CurrentFinancialInstruments2025-03-3104148701core:CurrentFinancialInstruments2024-03-3104148701core:Non-currentFinancialInstruments2025-03-3104148701core:Non-currentFinancialInstruments2024-03-3104148701core:ShareCapital2025-03-3104148701core:ShareCapital2024-03-3104148701core:SharePremium2025-03-3104148701core:SharePremium2024-03-3104148701core:RetainedEarningsAccumulatedLosses2025-03-3104148701core:RetainedEarningsAccumulatedLosses2024-03-3104148701core:ShareCapital2023-03-3104148701core:SharePremium2023-03-3104148701core:RetainedEarningsAccumulatedLosses2023-03-3104148701core:ShareCapitalOrdinaryShareClass12025-03-3104148701core:ShareCapitalOrdinaryShareClass12024-03-3104148701core:ShareCapitalPreferenceShareClass12025-03-3104148701core:ShareCapitalPreferenceShareClass12024-03-3104148701bus:Director12024-04-012025-03-3104148701core:RetainedEarningsAccumulatedLosses2023-04-012024-03-31041487012023-04-012024-03-3104148701core:RetainedEarningsAccumulatedLosses2024-04-012025-03-3104148701core:PlantMachinery2024-04-012025-03-3104148701core:ComputerEquipment2024-04-012025-03-3104148701core:MotorVehicles2024-04-012025-03-3104148701core:PlantMachinery2024-03-3104148701core:ComputerEquipment2024-03-3104148701core:MotorVehicles2024-03-31041487012024-03-3104148701core:Subsidiary12024-04-012025-03-3104148701core:Subsidiary112024-04-012025-03-3104148701bus:OrdinaryShareClass12024-04-012025-03-3104148701bus:PreferenceShareClass12024-04-012025-03-3104148701bus:OrdinaryShareClass12025-03-3104148701bus:OrdinaryShareClass12024-03-3104148701bus:PreferenceShareClass12025-03-3104148701bus:PreferenceShareClass12024-03-3104148701bus:PrivateLimitedCompanyLtd2024-04-012025-03-3104148701bus:SmallCompaniesRegimeForAccounts2024-04-012025-03-3104148701bus:FRS1022024-04-012025-03-3104148701bus:AuditExemptWithAccountantsReport2024-04-012025-03-3104148701bus:Director22024-04-012025-03-3104148701bus:CompanySecretary12024-04-012025-03-3104148701bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP