REGISTERED NUMBER: 06900609 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

SPARCSTUDIO LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B K Bayes

N P Fairplay

T M Howell

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

06900609 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Tangible assets

4

8,123

3,600

Investments

5

43,300

43,300

51,423

46,900

CURRENT ASSETS

Debtors

6

615,758

548,151

Cash at bank

192,008

279,684

807,766

827,835

CREDITORS

Amounts falling due within one year

7

(107,790

)

(123,728

)

NET CURRENT ASSETS

699,976

704,107

TOTAL ASSETS LESS CURRENT LIABILITIES

751,399

751,007

PROVISIONS FOR LIABILITIES

(1,106

)

-

NET ASSETS

750,293

751,007

CAPITAL AND RESERVES

Called up share capital

8

99

99

Retained earnings

9

750,194

750,908

SHAREHOLDERS' FUNDS

750,293

751,007

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 5 November 2025 and were signed on its behalf by:

N P Fairplay - Director

1.	STATUTORY INFORMATION

Sparcstudio Ltd. 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.

Turnover

The turnover shown in the profit and loss account represents the total amount earned by the company for goods supplied and services rendered excluding Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

Foreign currencies

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

6,693

14,600

21,293

Additions

-

9,163

9,163

Disposals

-

(6,830

)

(6,830

)

At 31 March 2025

6,693

16,933

23,626

DEPRECIATION

At 1 April 2024

5,634

12,059

17,693

Charge for year

265

4,375

4,640

Eliminated on disposal

-

(6,830

)

(6,830

)

At 31 March 2025

5,899

9,604

15,503

NET BOOK VALUE

At 31 March 2025

794

7,329

8,123

At 31 March 2024

1,059

2,541

3,600

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 April 2024

and 31 March 2025

43,300

NET BOOK VALUE

At 31 March 2025

43,300

At 31 March 2024

43,300

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

47,924

38,264

Other debtors

27,928

45,918

75,852

84,182

Amounts falling due after more than one year:

Other debtors

539,906

463,969

Aggregate amounts

615,758

548,151

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

14,198

19,555

Taxation and social security

61,467

75,563

Other creditors

32,125

28,610

107,790

123,728

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

99

Ordinary shares

£1

99

99

9.

RESERVES

Retained

earnings

£

At 1 April 2024

750,908

Profit for the year

123,390

Dividends

(124,104

)

At 31 March 2025

750,194

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

B K Bayes

Balance outstanding at start of year

130,000

55,000

Amounts advanced

-

75,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

130,000

130,000

N P Fairplay

Balance outstanding at start of year

130,000

55,000

Amounts advanced

-

75,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

130,000

130,000

T M Howell

Balance outstanding at start of year

145,000

70,000

Amounts advanced

-

75,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

145,000

145,000

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.