Auto-Sparks Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02982858

AUTO-SPARKS LIMITED

Filleted Unaudited Financial Statements

31 October 2025

AUTO-SPARKS LIMITED

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	43,490	115,587
Tangible assets	6	903,048	837,372
		---------	---------
		946,538	952,959

Current assets

Stocks		256,000	221,596
Debtors	7	244,322	195,583
Cash at bank and in hand		1,198,326	1,022,636
		------------	------------
		1,698,648	1,439,815

Creditors: amounts falling due within one year	8	512,678		383,133
		------------		------------
Net current assets			1,185,970	1,056,682
			------------	------------
Total assets less current liabilities			2,132,508	2,009,641
			------------	------------
Net assets			2,132,508	2,009,641
			------------	------------

Capital and reserves

Called up share capital	70	70
Profit and loss account	2,132,438	2,009,571
	------------	------------
Shareholders funds	2,132,508	2,009,641
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31st October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

AUTO-SPARKS LIMITED

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 20 May 2026 , and are signed on behalf of the board by:

Mrs L L Marshall	W B Wallace
Director	Director

Company registration number: 02982858

AUTO-SPARKS LIMITED

Notes to the Financial Statements

Year ended 31st October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Newstead Grove, NOTTINGHAM, NG1 4GZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold and Leasehold Property	-	4% straight line
Plant and Machinery	-	15% reducing balance
Website Costs	-	25% reducing balance
Motor Vehicles	-	25% reducing balance

	Office Equipment	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 42 (2024: 43 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1st November 2024 and 31st October 2025	1,453,948
	------------
Amortisation
At 1st November 2024	1,338,361
Charge for the year	72,097
	------------
At 31st October 2025	1,410,458
	------------
Carrying amount
At 31st October 2025	43,490
	------------
At 31st October 2024	115,587
	------------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Nov 2024	791,213	314,976	63,783	19,252	120,142	1,309,366
Additions	114,642	–	–	–	1,752	116,394
	---------	---------	--------	--------	---------	------------
At 31 Oct 2025	905,855	314,976	63,783	19,252	121,894	1,425,760
	---------	---------	--------	--------	---------	------------
Depreciation
At 1 Nov 2024	127,566	198,166	48,647	13,161	84,454	471,994
Charge for the year	20,401	17,522	3,784	1,523	7,488	50,718
	---------	---------	--------	--------	---------	------------
At 31 Oct 2025	147,967	215,688	52,431	14,684	91,942	522,712
	---------	---------	--------	--------	---------	------------
Carrying amount
At 31 Oct 2025	757,888	99,288	11,352	4,568	29,952	903,048
	---------	---------	--------	--------	---------	------------
At 31 Oct 2024	663,647	116,810	15,136	6,091	35,688	837,372
	---------	---------	--------	--------	---------	------------

7. Debtors

	2025	2024
	£	£
Trade debtors	235,586	187,725
Other debtors	8,736	7,858
	---------	---------
	244,322	195,583
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	238,177	127,270
Corporation tax	127,868	133,191
Social security and other taxes	91,652	82,867
Pension creditor	16,521	11,190
Other creditors	38,460	28,615
	---------	---------
	512,678	383,133
	---------	---------

9. Related party transactions

The company was under the control of Mr P R Davis throughout the current year. The company occupies premises owned by Mrs L Marshall, (a director) and pays an annual rental of £24,000.