REGISTERED NUMBER: 06226776 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2025

for

Sparrow Project Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M E Sparrow

Mrs J Sparrow

SECRETARY:

Mrs J Sparrow

REGISTERED OFFICE:

9 Thaxted Green

Hutton Poplars

Shenfield

Brentwood

Essex

CM13 1YH

REGISTERED NUMBER:

06226776 (England and Wales)

ACCOUNTANTS:

Right Balance

Accountants & Business Consultants Ltd

48b High Street

Dunmow

Essex

CM6 1AW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,109

7,186

6,109

7,186

CURRENT ASSETS

Debtors

6

108,202

136,776

Cash in hand

-

20

108,202

136,796

CREDITORS

Amounts falling due within one year

7

60,335

108,954

NET CURRENT ASSETS

47,867

27,842

TOTAL ASSETS LESS CURRENT LIABILITIES

53,976

35,028

PROVISIONS FOR LIABILITIES

-

1,365

NET ASSETS

53,976

33,663

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

53,876

33,563

SHAREHOLDERS' FUNDS

53,976

33,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 January 2026 and were signed on its behalf by:

M E Sparrow - Director

1.	STATUTORY INFORMATION

Sparrow Project Management 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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been fully amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 6 April 2024

and 5 April 2025

12,000

AMORTISATION

At 6 April 2024

and 5 April 2025

12,000

NET BOOK VALUE

At 5 April 2025

-

At 5 April 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2024

and 5 April 2025

14,509

DEPRECIATION

At 6 April 2024

7,323

Charge for year

1,077

At 5 April 2025

8,400

NET BOOK VALUE

At 5 April 2025

6,109

At 5 April 2024

7,186

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Trade debtors

25,200

42,720

Other debtors

83,002

94,056

108,202

136,776

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans and overdrafts

3,084

23,775

Taxation and social security

55,040

81,979

Other creditors

2,211

3,200

60,335

108,954

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2025 and 5 April 2024:

5.4.25

5.4.24

£

£

M E Sparrow

Balance outstanding at start of year

74,607

84,799

Amounts advanced

93,600

99,849

Amounts repaid

(104,655

)

(110,041

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

63,552

74,607

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.