Spark Code Limited - Accounts to registrar (filleted) - small 23.1.2

Spark Code Limited - Accounts to registrar (filleted) - small 23.1.2

SPARK CODE LIMITED - Company Information

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REGISTERED NUMBER: 12948925 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

SPARK CODE LIMITED
SPARK CODE LIMITED (REGISTERED NUMBER: 12948925)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SPARK CODE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTOR: Mr D J Harris





REGISTERED OFFICE: Evolution House
Iceni Court
Delft Way
Norwich
Norfolk
NR6 6BB





REGISTERED NUMBER: 12948925 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB
Page 1
SPARK CODE LIMITED (REGISTERED NUMBER: 12948925)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,254 2,042

CURRENT ASSETS
Debtors 5 8,483 14,610
Cash at bank 38,498 40,305
46,981 54,915
CREDITORS
Amounts falling due within one year 6 15,582 17,211
NET CURRENT ASSETS 31,399 37,704
TOTAL ASSETS LESS CURRENT
LIABILITIES
32,653
39,746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,553 39,646
SHAREHOLDERS' FUNDS 32,653 39,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 July 2023 and were signed by:





Mr D J Harris - Director


The notes form part of these financial statements

Page 2
SPARK CODE LIMITED (REGISTERED NUMBER: 12948925)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

Spark Code 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Page 3 continued...
SPARK CODE LIMITED (REGISTERED NUMBER: 12948925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2021 2,761
Additions 136
At 31 October 2022 2,897
DEPRECIATION
At 1 November 2021 719
Charge for year 924
At 31 October 2022 1,643
NET BOOK VALUE
At 31 October 2022 1,254
At 31 October 2021 2,042

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 4,370 14,548
Accrued income 4,047 -
Prepayments 66 62
8,483 14,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 36 55
Corporation tax 11,701 13,017
VAT 3,287 4,053
Director's current account 558 86
15,582 17,211

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £56,332 (2021 - £17,333) were paid to the director .

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D J Harris.

Page 4