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Registration number: 04598942

Sparkling Glass Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Sparkling Glass Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Sparkling Glass Limited

Company Information





 

Director




 

M Chilvers

Registered office





 

23 Wetlands Road
Meltham
Holmfirth
HD9 4HA

Accountants

D & A Hill
18 T8 9 Brooke's Mill
Armitage Bridge
Huddersfield
HD4 7NR

 

Sparkling Glass Limited

Director's Report
for the Year Ended 31 December 2024

The director presents his report and the financial statements for the year ended 31 December 2024.

Director of the company

The director who held office during the year was as follows:

M Chilvers

Principal activity

The principal activity of the company is that of cleaning services.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 11 July 2025
 

.........................................
M Chilvers
Director

 

Sparkling Glass Limited

(Registration number: 04598942 )
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

15,586

16,452

Tangible assets

5

10,359

12,095

 

25,945

28,547

Current assets

 

Debtors

6

135,570

62,073

Cash at bank and in hand

 

1,778

2,666

 

137,348

64,739

Creditors: Amounts falling due within one year

7

(89,915)

(77,724)

Net current assets/(liabilities)

 

47,433

(12,985)

Net assets

 

73,378

15,562

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

73,376

15,560

Shareholders' funds

 

73,378

15,562

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 July 2025
 

 

Sparkling Glass Limited

(Registration number: 04598942 )
Balance Sheet as at 31 December 2024

.........................................
M Chilvers
Director

 

Sparkling Glass Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
23 Wetlands Road
Meltham
Holmfirth
HD9 4HA

These financial statements were authorised for issue by the director on 11 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Sparkling Glass Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

15% on reducing balance

Motor vehicles

25% on reducing balance

Office equipment

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% on reducing balance

Stocks

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

 

Sparkling Glass Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 7).

 

Sparkling Glass Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2024

70,500

70,500

At 31 December 2024

70,500

70,500

Amortisation

At 1 January 2024

54,048

54,048

Amortisation charge

866

866

At 31 December 2024

54,914

54,914

Carrying amount

At 31 December 2024

15,586

15,586

At 31 December 2023

16,452

16,452

 

Sparkling Glass Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

5

Tangible assets

Plant and equipment
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

33,464

4,622

77,396

115,482

Additions

1,417

-

-

1,417

At 31 December 2024

34,881

4,622

77,396

116,899

Depreciation

At 1 January 2024

30,363

4,294

68,730

103,387

Charge for the year

904

82

2,167

3,153

At 31 December 2024

31,267

4,376

70,897

106,540

Carrying amount

At 31 December 2024

3,614

246

6,499

10,359

At 31 December 2023

3,101

328

8,666

12,095

6

Debtors

Current

2024
£

2023
£

Trade debtors

134,636

62,073

Other debtors

934

-

 

135,570

62,073

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

18,216

38,173

Taxation and social security

 

23,069

20,914

Accruals and deferred income

 

5,975

3,050

Other creditors

 

42,655

15,587

 

89,915

77,724

 

Sparkling Glass Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

9

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

-

9,015

Other borrowings

18,216

29,158

18,216

38,173