REGISTERED NUMBER: 00883126 (England and Wales)

SPARKFORD CHEMICALS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T M Gibbons

S D Gibbons

SECRETARY:

S D Gibbons

REGISTERED OFFICE:

Sparkford

Hazeley Road

Twyford

Winchester

Hampshire

SO21 1PX

REGISTERED NUMBER:

00883126 (England and Wales)

BANKERS:

National Westminster Bank

105 High Street

Winchester

SO23 9AW

SOLICITORS:

Paris Smith

1 London Road

Southampton

Hampshire

SO15 2AE

FIXED ASSETS

Tangible assets

4

15,115

17,263

Investments

5

200

200

15,315

17,463

CURRENT ASSETS

Stocks

262,553

247,712

Debtors

6

2,227,654

2,178,932

Cash at bank

399,164

552,010

2,889,371

2,978,654

CREDITORS

Amounts falling due within one year

7

(1,413,219

)

(1,562,962

)

NET CURRENT ASSETS

1,476,152

1,415,692

TOTAL ASSETS LESS CURRENT LIABILITIES

1,491,467

1,433,155

PROVISIONS FOR LIABILITIES

(3,779

)

(4,316

)

NET ASSETS

1,487,688

1,428,839

CAPITAL AND RESERVES

Called up share capital

3,900

3,900

Capital redemption reserve

1,200

1,200

Retained earnings

1,482,588

1,423,739

SHAREHOLDERS' FUNDS

1,487,688

1,428,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 28 November 2025 and were signed on its behalf by:

S D Gibbons - Director

1.	STATUTORY INFORMATION

Sparkford Chemicals 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically dispatched to the customer.

Tangible fixed assets

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

Fixtures and fittings

-

Straight line over 5 years

Motor vehicles

-

25% Reducing balance

Computer equipment

-

15% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2024

13,028

653

57,690

71,371

Additions

-

-

1,571

1,571

At 31 July 2025

13,028

653

59,261

72,942

DEPRECIATION

At 1 August 2024

13,028

355

40,725

54,108

Charge for year

-

75

3,644

3,719

At 31 July 2025

13,028

430

44,369

57,827

NET BOOK VALUE

At 31 July 2025

-

223

14,892

15,115

At 31 July 2024

-

298

16,965

17,263

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2024

and 31 July 2025

400,200

PROVISIONS

At 1 August 2024

and 31 July 2025

400,000

NET BOOK VALUE

At 31 July 2025

200

At 31 July 2024

200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,144,834

2,028,705

Other debtors

82,820

150,227

2,227,654

2,178,932

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,200,862

962,073

Taxation and social security

120,925

72,105

Other creditors

91,432

528,784

1,413,219

1,562,962

8.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had commitments under non-cancellable operating leases totalling £42,970 (2024: £82,346).