Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08435968 Mr Ryan Hatton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08435968 2024-03-31 08435968 2025-03-31 08435968 2024-04-01 2025-03-31 08435968 frs-core:CurrentFinancialInstruments 2025-03-31 08435968 frs-core:Non-currentFinancialInstruments 2025-03-31 08435968 frs-core:ComputerEquipment 2025-03-31 08435968 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08435968 frs-core:ComputerEquipment 2024-03-31 08435968 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 08435968 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08435968 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 08435968 frs-core:PlantMachinery 2025-03-31 08435968 frs-core:PlantMachinery 2024-04-01 2025-03-31 08435968 frs-core:PlantMachinery 2024-03-31 08435968 frs-core:RevaluationReserve 2024-03-31 08435968 frs-core:RevaluationReserve 2025-03-31 08435968 frs-core:ShareCapital 2025-03-31 08435968 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08435968 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08435968 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08435968 frs-bus:SmallEntities 2024-04-01 2025-03-31 08435968 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08435968 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08435968 frs-core:DeferredTaxation 2024-04-01 2025-03-31 08435968 frs-core:DeferredTaxation 2024-03-31 08435968 frs-core:DeferredTaxation 2025-03-31 08435968 frs-bus:Director1 2024-04-01 2025-03-31 08435968 frs-countries:EnglandWales 2024-04-01 2025-03-31 08435968 2023-03-31 08435968 2024-03-31 08435968 2023-04-01 2024-03-31 08435968 frs-core:CurrentFinancialInstruments 2024-03-31 08435968 frs-core:Non-currentFinancialInstruments 2024-03-31 08435968 frs-core:RevaluationReserve 2024-03-31 08435968 frs-core:ShareCapital 2024-03-31 08435968 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08435968
Sparks and Sensors Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08435968
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 176,696 179,276
176,696 179,276
CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 3,193 8,257
Cash at bank and in hand 3,505 11,217
7,698 20,474
Creditors: Amounts Falling Due Within One Year 7 (23,107 ) (29,717 )
NET CURRENT ASSETS (LIABILITIES) (15,409 ) (9,243 )
TOTAL ASSETS LESS CURRENT LIABILITIES 161,287 170,033
Creditors: Amounts Falling Due After More Than One Year 8 (92,014 ) (96,412 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,158 ) (6,636 )
NET ASSETS 63,115 66,985
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 16,727 16,727
Profit and Loss Account 46,288 50,158
SHAREHOLDERS' FUNDS 63,115 66,985
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ryan Hatton
Director
23/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sparks and Sensors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08435968 . The registered office is Jubilee House, East Beach, Lytham St Annes, FY8 5FT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
Plant & Machinery 10%
Computer Equipment 33%
2.4. Investment Properties
All properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 April 2024 165,000 35,711 - 200,711
Additions - - 291 291
As at 31 March 2025 165,000 35,711 291 201,002
Depreciation
As at 1 April 2024 - 21,435 - 21,435
Provided during the period - 2,806 65 2,871
As at 31 March 2025 - 24,241 65 24,306
Net Book Value
As at 31 March 2025 165,000 11,470 226 176,696
As at 1 April 2024 165,000 14,276 - 179,276
5. Stocks
2025 2024
£ £
Stock 1,000 1,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,043 7,977
Prepayments and accrued income 150 150
Other debtors - 130
3,193 8,257
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 10,334 11,402
Corporation tax 7,918 -
Other taxes and social security 4,406 15,977
Other creditors - 2,338
Accruals and deferred income 449 -
23,107 29,717
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 3,500 6,500
Other loans 88,514 89,912
92,014 96,412
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 6,636 6,636
Deferred taxation (478 ) (478 )
Balance at 31 March 2025 6,158 6,158
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Revaluation Reserve
£
As at 1 April 2024 16,727
As at 31 March 2025 16,727
Page 5