REGISTERED NUMBER: 04809384 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2024 to 31 March 2025

for

SPARK EMOTIONS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

L Harrison

REGISTERED OFFICE:

The Courtyard

High Street,

Ascot

Berkshire

SL5 7HP

REGISTERED NUMBER:

04809384 (England and Wales)

ACCOUNTANT:

Mani Chacko & Co. Ltd.

Chartered Certified Accountant

3 Ballards Rise

South Croydon

Surrey

CR2 7JT

FIXED ASSETS

Intangible assets

4

-

43,494

Tangible assets

5

10,491

11,170

10,491

54,664

CURRENT ASSETS

Stocks

18,485

1,366

Debtors

6

201,673

163,732

Cash at bank

1,746

94,781

221,904

259,879

CREDITORS

Amounts falling due within one year

7

788,574

177,974

NET CURRENT (LIABILITIES)/ASSETS

(566,670

)

81,905

TOTAL ASSETS LESS CURRENT LIABILITIES

(556,179

)

136,569

CREDITORS

Amounts falling due after more than one year

8

(150,000

)

(1,219,252

)

PROVISIONS FOR LIABILITIES

(1,993

)

(2,567

)

NET LIABILITIES

(708,172

)

(1,085,250

)

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

99,975

99,975

Retained earnings

(808,247

)

(1,185,325

)

SHAREHOLDERS' FUNDS

(708,172

)

(1,085,250

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 August 2025 and were signed by:

L Harrison - Director

1.	STATUTORY INFORMATION

Spark Emotions Ltd 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.

The financial statement have been prepared on a going concern basis. The ability of the company to trade is dependent on the continuing support of the shareholder Thrive Equity Group Ltd.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

-

15% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 period 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.

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 period was 11 (2023 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 March 2025

326,201

AMORTISATION

At 1 January 2024

282,707

Charge for period

43,494

At 31 March 2025

326,201

NET BOOK VALUE

At 31 March 2025

-

At 31 December 2023

43,494

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

29,124

Additions

4,911

At 31 March 2025

34,035

DEPRECIATION

At 1 January 2024

17,954

Charge for period

5,590

At 31 March 2025

23,544

NET BOOK VALUE

At 31 March 2025

10,491

At 31 December 2023

11,170

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Trade debtors

197,614

156,558

Other debtors

4,059

7,174

201,673

163,732

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Bank loans and overdrafts

111

-

Trade creditors

93,341

136,538

Taxation and social security

33,905

17,025

Other creditors

661,217

24,411

788,574

177,974

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.12.23

£

£

Amounts owed to group undertakings

150,000

1,219,252