REGISTERED NUMBER: 06792264 (England and Wales)

SPARKLE ENTERTAINMENT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Oakley

Mrs H V Oakley

REGISTERED OFFICE:

53 Park Lane

Coningsby

Lincoln

Lincolnshire

LN4 4SW

REGISTERED NUMBER:

06792264 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe (Boston)

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Tangible assets

3

53,553

52,757

CURRENT ASSETS

Cash at bank

361

707

CREDITORS

Amounts falling due within one year

4

5,386

15,797

NET CURRENT LIABILITIES

(5,025

)

(15,090

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,528

37,667

PROVISIONS FOR LIABILITIES

10,175

10,024

NET ASSETS

38,353

27,643

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

38,351

27,641

SHAREHOLDERS' FUNDS

38,353

27,643

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Mrs H V Oakley - Director

J R Oakley - Director

1.	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.

Turnover

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

Taxation

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.

Deferred tax

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

10,000

115,254

125,254

Additions

-

8,467

8,467

At 31 January 2025

10,000

123,721

133,721

DEPRECIATION

At 1 February 2024

9,830

62,667

72,497

Charge for year

40

7,631

7,671

At 31 January 2025

9,870

70,298

80,168

NET BOOK VALUE

At 31 January 2025

130

53,423

53,553

At 31 January 2024

170

52,587

52,757

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

4,237

1,142

Other creditors

1,149

14,655

5,386

15,797