REGISTERED NUMBER: 11850988 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Sparkys & Hutch Electrical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Hutchings

REGISTERED OFFICE:

60 Dawson Road

Southampton

Hampshire

SO19 0SQ

REGISTERED NUMBER:

11850988 (England and Wales)

ACCOUNTANTS:

PD Accountancy Services Ltd

1 Post Office House

184 Bridge Road

Sarisbury Green

Southampton

Hampshire

SO31 7ED

FIXED ASSETS

Tangible assets

4

927

2,983

CURRENT ASSETS

Stocks

250

-

Debtors

5

68,195

186,770

Cash at bank

3,402

48,138

71,847

234,908

CREDITORS

Amounts falling due within one year

6

38,854

203,542

NET CURRENT ASSETS

32,993

31,366

TOTAL ASSETS LESS CURRENT LIABILITIES

33,920

34,349

CREDITORS

Amounts falling due after more than one year

7

33,670

44,383

NET ASSETS/(LIABILITIES)

250

(10,034

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

248

(10,036

)

250

(10,034

)

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 director acknowledges his 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 director and authorised for issue on 29 December 2025 and were signed by:

M Hutchings - Director

1.	STATUTORY INFORMATION

Sparkys & Hutch Electrical Limited 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

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

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

1,397

1,911

40,491

5,167

48,966

Additions

-

344

-

375

719

At 31 March 2025

1,397

2,255

40,491

5,542

49,685

DEPRECIATION

At 1 April 2024

1,047

1,122

38,885

4,929

45,983

Charge for year

349

535

1,606

285

2,775

At 31 March 2025

1,396

1,657

40,491

5,214

48,758

NET BOOK VALUE

At 31 March 2025

1

598

-

328

927

At 31 March 2024

350

789

1,606

238

2,983

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

5,173

82,904

Other debtors

-

90,164

Directors' current accounts

54,661

-

Tax

7,118

-

VAT

1,243

13,702

68,195

186,770

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

1,993

(340

)

Hire purchase contracts

4,071

4,051

Trade creditors

724

21,738

Tax

8,069

-

Social security and other taxes

23,997

42,811

Directors' current accounts

-

135,282

38,854

203,542

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

30,319

36,941

Hire purchase contracts

3,351

7,442

33,670

44,383

8.	ULTIMATE CONTROLLING PARTY

The controlling party is M Hutchings.