Sparrow Legs Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09147123

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		7,585		7,585

			7,585		7,585
CURRENT ASSETS
Stocks	6	14,646		14,646
Cash at bank and in hand		14,753		5,067

		29,399		19,713
Creditors: Amounts Falling Due Within One Year	7	(22,212 )		(13,436 )

NET CURRENT ASSETS (LIABILITIES)			7,187		6,277

TOTAL ASSETS LESS CURRENT LIABILITIES			14,772		13,862

Creditors: Amounts Falling Due After More Than One Year	8		(1,682 )		(4,158 )

NET ASSETS			13,090		9,704

CAPITAL AND RESERVES
Called up share capital	9		10		10
Profit and Loss Account			13,080		9,694

SHAREHOLDERS' FUNDS			13,090		9,704

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Sparrow Legs Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D Ainslie

Director

11/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sparrow Legs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09147123 . The registered office is 7 Seacroft Road, Broadstairs, Kent, CT10 1TL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

15% on reduing balance method

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Sparrow Legs Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 October 2024	10,000

As at 30 September 2025	10,000

Amortisation
As at 1 October 2024	10,000

As at 30 September 2025	10,000

Net Book Value
As at 30 September 2025	-

As at 1 October 2024	-

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 October 2024	9,250

As at 30 September 2025	9,250

Depreciation
As at 1 October 2024	1,665

As at 30 September 2025	1,665

Net Book Value
As at 30 September 2025	7,585

As at 1 October 2024	7,585

6. Stocks

	2025	2024
	£	£
Work in progress	14,646	14,646

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1 )	-
Corporation tax	11,397	11,023
Accruals and deferred income	1,600	2,171
Credit Card Account	4,761	-
Director's loan account	35	242
Payments on account	4,420	-

	22,212	13,436

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Sparrow Legs Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,682	4,158

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

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