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Company Registration No. 03504907 (England and Wales)
Sparks Light Haulage Services Ltd Unaudited accounts for the year ended 31 January 2025
Sparks Light Haulage Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sparks Light Haulage Services Ltd Company Information for the year ended 31 January 2025
Directors
David Charles Martin Smith Deborah Lilian May Smith Dean Charles Smith Danielle Dorothy Buckley
Company Number
03504907 (England and Wales)
Registered Office
49 Wealden Way Bexhill-On-Sea East Sussex TN39 4NZ
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Sparks Light Haulage Services Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
25,892
34,658
Current assets
Debtors
5
61,409
55,289
Cash at bank and in hand
271,823
254,893
333,232
310,182
Creditors: amounts falling due within one year
6
(76,731)
(53,582)
Net current assets
256,501
256,600
Net assets
282,393
291,258
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
281,393
290,258
Shareholders' funds
282,393
291,258
For the year ending 31 January 2025 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 14 August 2025 and were signed on its behalf by
David Charles Martin Smith Director Company Registration No. 03504907
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Sparks Light Haulage Services Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Sparks Light Haulage Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 03504907. The registered office is 49 Wealden Way, Bexhill-On-Sea, East Sussex, TN39 4NZ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2024
23,981
92,101
116,082
At 31 January 2025
23,981
92,101
116,082
Depreciation
At 1 February 2024
22,491
58,933
81,424
Charge for the year
373
8,393
8,766
At 31 January 2025
22,864
67,326
90,190
Net book value
At 31 January 2025
1,117
24,775
25,892
At 31 January 2024
1,490
33,168
34,658
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Sparks Light Haulage Services Ltd Notes to the Accounts for the year ended 31 January 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
61,409
55,289
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
22,980
16,370
Trade creditors
17,650
5,430
Taxes and social security
20,600
21,382
Other creditors
(99)
-
Loans from directors
15,600
10,400
76,731
53,582
7
Average number of employees
During the year the average number of employees was 10 (2024: 10).
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