General Information
DATASPARQ LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11346552, registration address Orion House C/O Mml Capital Partners Llp, Upper St. Martin's Lane, London, England, WC2H 9EA.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The accounts have been prepared on a going concern basis, despite a deficit at the balance sheet date of £772,245. The directors are confident that the business will continue to be profitable in line with current forecasts.
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
2 years Straight Line
|
| Computer Equipment |
2 years Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 42 (2024 : 55).
|
| 3. |
Financial Commitments, Guarantees and Contingencies
Total future minimum payments under non-cancellable operating leases at 31 December 2025 was £320,797 (2024 £716,837).
The revolving credit facility (balance £262,340 at 31 December 2025) is secured by a debenture with a fixed charge over the book debt and floating charge over the remaining assets of the company.
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 January 2025 |
1,728 |
|
85,398 |
|
87,126 |
| Additions |
- |
|
733 |
|
733 |
| Disposals |
- |
|
(50,481) |
|
(50,481) |
| At 31 December 2025 |
1,728 |
|
35,650 |
|
37,378 |
| Depreciation |
| At 01 January 2025 |
1,442 |
|
66,969 |
|
68,411 |
| Charge for year |
277 |
|
13,145 |
|
13,422 |
| On disposals |
- |
|
(47,551) |
|
(47,551) |
| At 31 December 2025 |
1,719 |
|
32,563 |
|
34,282 |
| Net book values |
| Closing balance as at 31 December 2025 |
9 |
|
3,087 |
|
3,096 |
| Opening balance as at 01 January 2025 |
286 |
|
18,429 |
|
18,715 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
595,144 |
|
921,763 |
| Prepayments & Accrued Income |
172,561 |
|
529,682 |
| Other Debtors |
9,401 |
|
168,669 |
| Deferred tax asset |
397,450 |
|
164,455 |
|
1,174,556 |
|
1,784,569 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
11,399 |
|
43,062 |
| Bank Loans & Overdrafts (Secured) |
262,430 |
|
0 |
| Taxation and social security costs |
107,532 |
|
341,732 |
| Accruals and deferred income |
221,770 |
|
212,690 |
| Other Creditors |
4,169 |
|
48,326 |
|
607,300 |
|
645,810 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Datasparq Holdings Limited |
1,428,999 |
|
1,228,999 |
|
1,428,999 |
|
1,228,999 |
|
| 8. |
Revaluation Reserves
|
2025
£ |
|
2024
£ |
| Share Options Reserve b/fwd |
16,196 |
|
12,396 |
| Lapse of Share Options in the Year |
(16,150) |
|
(1,250) |
| Issue of Share Options in the Year |
12,818 |
|
5,050 |
|
12,864 |
|
16,196 |
|
|
Restructuring Costs
Exceptional items relate to restructuring costs including a number of redundancies.
|
| 10. |
Share options
| Enterprise Management Incentive Options |
|
Number of EMI options
£ |
| At 31 January 20254 |
|
198,250 |
| issued during the year |
|
75,000 |
| lapsed during the year |
|
(80,750) |
| At 31 December 2025 |
|
192,500 |
All shares at 31 December 2025 were non -vested.
During the year ended 31 December 2020, the company granted the following Enterprise Management Incentive options:
Number of shares 75,000
Option Price £0.20 each
Number employees 8
Vesting period on exit
6250 Enterprise Management Incentive Options, with an option price of £0.20 lapsed during this period.
During the year ended 31 December 2021, the company granted the following Enterprise Management Incentive options:
Number of shares 31,250
Option Price £0.20 each
Number employees 4
Vesting period on exit
6250 Enterprise Management Incentive Options, with an option price of £0.20 lapsed during the year ended 31 December 2022.
During the year ended 31 December 2023, the company granted the following Enterprise Management Incentive options:
Number of shares 48,750
Option Price £0.20 each
Number employees 6
Vesting period on exit
During the year ended 31 December 2024, the company granted the following Enterprise Management Incentive options:
Number of shares 62,000
Option Price £0.20 each
Number employees 6
Vesting period on exit
6250 Enterprise Management Incentive Options, with an option price of £0.20 lapsed during this period.
During the year ended 31 December 2025, the company granted the following Enterprise Management Incentive options:
Number of shares 75,000
Option Price £0.20 each
Number employees 20
Vesting period on exit
80750 Enterprise Management Incentive Options, with an option price of £0.20 lapsed during this period.
The HMRC valuation of the share options is £0.20 per share.
The share options have been granted by the holding company, Datasparq Holdings Limited, to the employees of Datasparq limited.
|
| 11. |
Controlling Party
Datasparq Ltd is a 100% owned subsidiary of Datasparq Holdings Limited.
The registered office of Datasparq Holdings Limited is:
Orion House
c/o MML Capital Partners LLP
Upper St. Martin's Lane
London
WC2H 9EA
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2
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