false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2018-05-01
Sage Accounts Production Advanced 2018 Update 1 - FRS
10,000
10,000
xbrli:pure
xbrli:shares
iso4217:GBP
07784824
2018-05-01
2019-04-30
07784824
2019-04-30
07784824
2018-04-30
07784824
2017-05-01
2018-04-30
07784824
2018-04-30
07784824
core:NetGoodwill
2018-05-01
2019-04-30
07784824
core:MotorVehicles
2018-05-01
2019-04-30
07784824
bus:Director1
2018-05-01
2019-04-30
07784824
core:NetGoodwill
2019-04-30
07784824
core:MotorVehicles
2019-04-30
07784824
core:WithinOneYear
2019-04-30
07784824
core:WithinOneYear
2018-04-30
07784824
core:AfterOneYear
2019-04-30
07784824
core:ShareCapital
2019-04-30
07784824
core:ShareCapital
2018-04-30
07784824
core:RetainedEarningsAccumulatedLosses
2019-04-30
07784824
core:RetainedEarningsAccumulatedLosses
2018-04-30
07784824
bus:SmallEntities
2018-05-01
2019-04-30
07784824
bus:AuditExemptWithAccountantsReport
2018-05-01
2019-04-30
07784824
bus:FullAccounts
2018-05-01
2019-04-30
07784824
bus:SmallCompaniesRegimeForAccounts
2018-05-01
2019-04-30
07784824
bus:PrivateLimitedCompanyLtd
2018-05-01
2019-04-30
07784824
core:FurnitureFittingsToolsEquipment
2018-05-01
2019-04-30
07784824
core:FurnitureFittingsToolsEquipment
2018-04-30
07784824
core:FurnitureFittingsToolsEquipment
2019-04-30
COMPANY REGISTRATION NUMBER:
07784824
Bright Spark Electrical & Renewables Ltd
|
|
Filleted Unaudited Financial Statements
|
|
Bright Spark Electrical & Renewables Ltd
|
|
30 April 2019
Fixed assets
Tangible assets
|
6
|
|
19,537
|
11,614
|
|
|
|
|
|
Current assets
Stocks
|
15,159
|
|
15,287
|
Debtors
|
7
|
6,084
|
|
4,441
|
Cash at bank and in hand
|
5,652
|
|
5,719
|
|
--------
|
|
--------
|
|
26,895
|
|
25,447
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
60,208
|
|
55,849
|
|
--------
|
|
--------
|
Net current liabilities
|
|
33,313
|
30,402
|
|
|
--------
|
--------
|
Total assets less current liabilities
|
|
(
13,776)
|
(
18,788)
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
9
|
|
6,167
|
–
|
|
|
--------
|
--------
|
Net liabilities
|
|
(
19,943)
|
(
18,788)
|
|
|
--------
|
--------
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
100
|
100
|
Profit and loss account
|
|
(
20,043)
|
(
18,888)
|
|
|
--------
|
--------
|
Shareholders deficit
|
|
(
19,943)
|
(
18,788)
|
|
|
--------
|
--------
|
|
|
|
|
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 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 income and retained earnings (including profit and loss account) has not been delivered.
For the year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Bright Spark Electrical & Renewables Ltd
|
|
Balance Sheet (continued)
|
|
30 April 2019
These financial statements were approved by the
board of directors
and authorised for issue on
28 November 2019
, and are signed on behalf of the board by:
Miss J S Francis
|
|
Director
|
|
|
|
Company registration number:
07784824
Bright Spark Electrical & Renewables Ltd
|
|
Notes to the Financial Statements
|
|
Year ended 30 April 2019
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 10 Oak Street, Fakenham, Norfolk, NR21 9DY.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At 30 April 2019, the companies net liabilities exceeded its net assets by £19,943 (2018:£18,788). At 30 April 2019, the company owed its director £43,757 (2018:£50,969) and it is based on this continued support that the accounts are prepared on the going concern basis.
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
|
-
|
20% 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
|
|
-
|
20% reducing balance
|
|
Equipment
|
-
|
15% reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2018:
1
).
5.
Intangible assets
|
Goodwill
|
|
£
|
Cost
|
|
At 1 May 2018 and 30 April 2019
|
10,000
|
|
--------
|
Amortisation
|
|
At 1 May 2018 and 30 April 2019
|
10,000
|
|
--------
|
Carrying amount
|
|
At 30 April 2019
|
–
|
|
--------
|
At 30 April 2018
|
–
|
|
--------
|
|
|
6.
Tangible assets
|
Motor vehicles
|
Equipment
|
Total
|
|
£
|
£
|
£
|
Cost
|
|
|
|
At 1 May 2018
|
–
|
26,483
|
26,483
|
Additions
|
9,488
|
2,052
|
11,540
|
|
-------
|
--------
|
--------
|
At 30 April 2019
|
9,488
|
28,535
|
38,023
|
|
-------
|
--------
|
--------
|
Depreciation
|
|
|
|
At 1 May 2018
|
–
|
14,869
|
14,869
|
Charge for the year
|
1,739
|
1,878
|
3,617
|
|
-------
|
--------
|
--------
|
At 30 April 2019
|
1,739
|
16,747
|
18,486
|
|
-------
|
--------
|
--------
|
Carrying amount
|
|
|
|
At 30 April 2019
|
7,749
|
11,788
|
19,537
|
|
-------
|
--------
|
--------
|
At 30 April 2018
|
–
|
11,614
|
11,614
|
|
-------
|
--------
|
--------
|
|
|
|
|
7.
Debtors
|
2019
|
2018
|
|
£
|
£
|
Trade debtors
|
1,945
|
636
|
Other debtors
|
4,139
|
3,805
|
|
-------
|
-------
|
|
6,084
|
4,441
|
|
-------
|
-------
|
|
|
|
8.
Creditors:
amounts falling due within one year
|
2019
|
2018
|
|
£
|
£
|
Trade creditors
|
2,545
|
3,130
|
Social security and other taxes
|
2,718
|
625
|
Other creditors
|
54,945
|
52,094
|
|
--------
|
--------
|
|
60,208
|
55,849
|
|
--------
|
--------
|
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
2019
|
2018
|
|
£
|
£
|
Other creditors
|
6,167
|
–
|
|
-------
|
----
|
|
|
|
10.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2019
|
2018
|
|
£
|
£
|
Not later than 1 year
|
–
|
377
|
|
----
|
----
|
|
|
|