REGISTERED NUMBER: 12446156 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SPARK MODELS UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N G Gooch

H Ripert

REGISTERED OFFICE:

27 High Street

Horley

Surrey

RH6 7BH

REGISTERED NUMBER:

12446156 (England and Wales)

AUDITORS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Investments

4

1

-

CURRENT ASSETS

Stocks

165,276

67,345

Debtors

5

680,452

467,863

Cash at bank

625,633

664,468

1,471,361

1,199,676

CREDITORS

Amounts falling due within one year

6

738,060

568,045

NET CURRENT ASSETS

733,301

631,631

TOTAL ASSETS LESS CURRENT LIABILITIES

733,302

631,631

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

723,302

621,631

733,302

631,631

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 Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

N G Gooch - Director

1.	STATUTORY INFORMATION

Spark Models UK Limited 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 presentational currency used to prepare the financial statements is Sterling (£) and the amounts have been rounded to the nearest £1.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress 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. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the year comprises current 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 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 balance sheet date.

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 year was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

1

At 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

659,408

455,749

Other debtors

21,044

12,114

680,452

467,863

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

28,198

117,028

Amounts owed to group undertakings

468,648

120,775

Taxation and social security

221,261

311,345

Other creditors

19,953

18,897

738,060

568,045

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Hillier (Senior Statutory Auditor)

for and on behalf of GBJ Financial Limited

8.	RELATED PARTY DISCLOSURES

During the year the company purchased goods to the value of £111,554.40 from Looksmart Models S.r.l, a company in which Minimax Holdings Ltd has an 80% indirect holding on normal commercial terms. At the year end, in respect of trading balances, the company owed £17,280.22 to Looksmart Models S.r.l.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Minimax Holdings Ltd, incorporated in Hong Kong.