Sparkly Squid Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 15408757

		31 January 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		1,689

			1,689
CURRENT ASSETS
Debtors	5	794
Cash at bank and in hand		758

		1,552
Creditors: Amounts Falling Due Within One Year	6	(2,193 )

NET CURRENT ASSETS (LIABILITIES)			(641 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,048

Creditors: Amounts Falling Due After More Than One Year	7		(4,185 )

NET LIABILITIES			(3,137 )

CAPITAL AND RESERVES
Called up share capital	8		10
Profit and Loss Account			(3,147 )

SHAREHOLDERS' FUNDS			(3,137)

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Sparkly Squid Limited

Balance Sheet (continued)

As At 31 January 2025

For the period 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Neil John Rowbottom

Director

1st April 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Sparkly Squid Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15408757 . The registered office is 2 Station Road, Brundall, Norwich, Norfolk, NR13 5LA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The accounts have been prepared on a going concern basis which may not be appropriate as at the Balance Sheet date the liabilities exceeded the assets by £3137.37. The company meets it's day to day working capital requirements through a loan provided by the share holder, who is also the director. In light of this ongoing support the director beleives that it is appropriate to prepare the accounts on a going concern basis which assumes that the company will continue in operational existence for the forseeable future.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Computer Equipment	25% Reducing Balance

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

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Sparkly Squid Limited

Notes to the Financial Statements (continued)

For the Period 12 January 2024 to 31 January 2025

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 12 January 2024	-	-	-
Additions	140	2,112	2,252

As at 31 January 2025	140	2,112	2,252

Depreciation
As at 12 January 2024	-	-	-
Provided during the period	35	528	563

As at 31 January 2025	35	528	563

Net Book Value
As at 31 January 2025	105	1,584	1,689

As at 12 January 2024	-	-	-

5. Debtors

	31 January 2025
	£
Due within one year
Other debtors	794

6. Creditors: Amounts Falling Due Within One Year

	31 January 2025
	£
Trade creditors	2,193

7. Creditors: Amounts Falling Due After More Than One Year

	31 January 2025
	£
Other creditors	4,185

8. Share Capital

	31 January 2025
	£
Allotted, Called up and fully paid	10

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