Company Registration No. 12248853 (England and Wales)
Sprk Capital Limited
Unaudited accounts
for the year ended 31 December 2024
Sprk Capital Limited
Unaudited accounts
Contents
Sprk Capital Limited
Company Information
for the year ended 31 December 2024
Directors
Dominick Edward Peasley
Simon Nicholas Champ
Anthony Thomas Brennan
Company Number
12248853 (England and Wales)
Registered Office
10 John Street
London
WC1N 2EB
United Kingdom
Sprk Capital Limited
Statement of financial position
as at 31 December 2024
Intangible assets
140,750
88,320
Debtors
5,704,461
11,540,245
Cash at bank and in hand
114,488
202,829
Creditors: amounts falling due within one year
(7,511,138)
(12,492,503)
Net current liabilities
(1,692,189)
(749,429)
Net liabilities
(1,551,439)
(661,109)
Called up share capital
142
142
Share premium
827,674
827,674
Profit and loss account
(2,379,255)
(1,488,925)
Shareholders' funds
(1,551,439)
(661,109)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Dominick Edward Peasley
Director
Company Registration No. 12248853
Sprk Capital Limited
Notes to the Accounts
for the year ended 31 December 2024
Sprk Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 12248853. The registered office is 10 John Street, London, WC1N 2EB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Development costs are being amortised evenly over their estimated useful life of four years.
Basic Financial Instruments as covered by Section 1 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.
Taxation for the year 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 balance sheet date.
The company is a beneficiary of Research & Development (R&D tax relief from the UK Government in the form of repayable tax credits). Tax credits are recognised through the income statement when received.
Sprk Capital Limited
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
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.
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Intangible fixed assets
Other
At 31 December 2024
209,953
Charge for the year
33,072
At 31 December 2024
69,203
At 31 December 2024
140,750
At 31 December 2023
88,320
Amounts falling due within one year
Trade debtors
5,465,076
11,075,317
Accrued income and prepayments
234,167
464,928
Sprk Capital Limited
Notes to the Accounts
for the year ended 31 December 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
165,341
23,235
Amounts owed to group undertakings and other participating interests
7,159,423
12,291,753
Allotted, called up and fully paid:
2,838,216 Ordinary of £0.00005 each
141.91
141.91
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Average number of employees
During the year the average number of employees was 10 (2023: 6).