Registered number
06008707
Sparklab Productions Ltd
Filleted Abridged Accounts
30 November 2024
Sparklab Productions Ltd
Registered number: 06008707
Abridged Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,473 1,965
Current assets
Debtors 312 5,762
Cash at bank and in hand 33,424 43,255
33,736 49,017
Creditors: amounts falling due within one year (20,423) (25,518)
Net current assets 13,313 23,499
Total assets less current liabilities 14,786 25,464
Creditors: amounts falling due after more than one year - (9,000)
Provisions for liabilities (294) (382)
Net assets 14,492 16,082
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,392 15,982
Shareholders' funds 14,492 16,082
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Ms M J Harris
Director
Approved by the board on 16 June 2025
Sparklab Productions Ltd
Notes to the Abridged Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Total
£
Cost
At 1 December 2023 15,022
At 30 November 2024 15,022
Depreciation
At 1 December 2023 13,057
Charge for the year 492
At 30 November 2024 13,549
Net book value
At 30 November 2024 1,473
At 30 November 2023 1,965
4 Other information
Sparklab Productions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
PO Box 463
Wilmslow
Manchester
SK9 0GZ
Sparklab Productions Ltd 06008707 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts April 2025 Ms M J Harris No description of principal activity 06008707 2022-12-01 2023-11-30 06008707 core:WithinOneYear 2023-11-30 06008707 core:AfterOneYear 2023-11-30 06008707 core:ShareCapital 2023-11-30 06008707 core:RetainedEarningsAccumulatedLosses 2023-11-30 06008707 2023-12-01 2024-11-30 06008707 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 06008707 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 06008707 bus:Director40 2023-12-01 2024-11-30 06008707 1 2023-12-01 2024-11-30 06008707 2 2023-12-01 2024-11-30 06008707 countries:England 2023-12-01 2024-11-30 06008707 bus:FRS102 2023-12-01 2024-11-30 06008707 bus:AbridgedAccounts 2023-12-01 2024-11-30 06008707 2024-11-30 06008707 core:WithinOneYear 2024-11-30 06008707 core:AfterOneYear 2024-11-30 06008707 core:ShareCapital 2024-11-30 06008707 core:RetainedEarningsAccumulatedLosses 2024-11-30 06008707 2023-11-30 iso4217:GBP xbrli:pure