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Company Registration No. 10311002 (England and Wales)
Sparkster Labs Ltd Unaudited accounts for the year ended 31 December 2024
Sparkster Labs Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sparkster Labs Ltd Company Information for the year ended 31 December 2024
Director
Sajjad Daya
Company Number
10311002 (England and Wales)
Registered Office
7 Bell Yard London WC2A 2JR England
Accountants
GRAYSON & MO ACCOUNTANTS AND TAX ADVISORS 2A Hallcar Street sheffield S4 7JY
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Sparkster Labs Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
29,919 
4,121 
Current assets
Debtors
5
3,032 
7,078 
Cash at bank and in hand
6,136 
38,352 
9,168 
45,430 
Creditors: amounts falling due within one year
6
(362,984)
(231,901)
Net current liabilities
(353,816)
(186,471)
Total assets less current liabilities
(323,897)
(182,350)
Creditors: amounts falling due after more than one year
7
(28,930)
(34,683)
Net liabilities
(352,827)
(217,033)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(352,927)
(217,133)
Shareholders' funds
(352,827)
(217,033)
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 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 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 and authorised for issue on 23 December 2025 and were signed on its behalf by
Sajjad Daya Director Company Registration No. 10311002
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Sparkster Labs Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Sparkster Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 10311002. The registered office is 7 Bell Yard, London, WC2A 2JR, England.
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
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Foreign exchange
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rates ruling at the balance sheet date. Exchange differences are recognised in the profit and loss account.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
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Sparkster Labs Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
- 
14,910 
1,883 
16,793 
Additions
29,043 
- 
- 
29,043 
At 31 December 2024
29,043 
14,910 
1,883 
45,836 
Depreciation
At 1 January 2024
- 
11,444 
1,228 
12,672 
Charge for the year
2,420 
694 
131 
3,245 
At 31 December 2024
2,420 
12,138 
1,359 
15,917 
Net book value
At 31 December 2024
26,623 
2,772 
524 
29,919 
At 31 December 2023
- 
3,466 
655 
4,121 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
14 
- 
Amounts due from group undertakings etc.
3,018 
- 
Other debtors
- 
7,078 
3,032 
7,078 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
98 
- 
Amounts owed to group undertakings and other participating interests
362,386 
231,233 
Accruals
500 
668 
362,984 
231,901 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,930 
34,683 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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