Registered number: 9091315 | ||||||||
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FOR THE YEAR ENDED 30 JUNE 2018 | ||||||||
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Prepared By: | ||||||||
Adam Watts & Associates | ||||||||
Taxation and Accountancy Services | ||||||||
2 Merriments Farm Cottages | ||||||||
Merriments Lane | ||||||||
Hurst Green, Etchingham | ||||||||
East Sussex | ||||||||
TN19 7RG |
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Spark Solutions (South East) Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 JUNE 2018 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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East Sussex | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 9091315 | ||||||||
ACCOUNTANTS | ||||||||
Adam Watts & Associates | ||||||||
Taxation and Accountancy Services | ||||||||
2 Merriments Farm Cottages | ||||||||
Merriments Lane | ||||||||
Hurst Green, Etchingham | ||||||||
East Sussex | ||||||||
TN19 7RG |
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Spark Solutions (South East) Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 JUNE 2018 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Spark Solutions (South East) Ltd | ||||||||
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BALANCE SHEET AT
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2018 | 2017 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 4 |
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Cash at bank and in hand |
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50,514 | 48,666 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES |
(
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(23,986) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 |
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Profit and loss account | 2,044 | 217 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Spark Solutions (South East) Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 JUNE 2018 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Plant and Machinery | reducing balance 20% | |||||||
Commercial Vehicles | reducing balance 20% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
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Spark Solutions (South East) Ltd | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||
Plant and | Commercial | |||||
Machinery | Vehicles | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 July 2017 | 2,522 | 30,445 | 32,967 | |||
At 30 June 2018 | 2,522 | 30,445 | 32,967 | |||
Depreciation | ||||||
At 1 July 2017 | 1,223 | 7,441 | 8,664 | |||
For the year | 260 | 4,601 | 4,861 | |||
At 30 June 2018 | 1,483 | 12,042 | 13,525 | |||
Net Book Amounts | ||||||
At 30 June 2018 |
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19,442 | |||
At 30 June 2017 |
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24,303 | |||
3. STOCK | 2018 | 2017 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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4. DEBTORS | 2018 | 2017 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 23,272 | 17,387 | ||||||
CIS control | 3,823 | 12,083 | ||||||
27,095 | 29,470 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2018 | 2017 | |||||||
£ | £ | |||||||
UK corporation tax | 5,730 | 8,788 | ||||||
VAT | 5,487 | 4,137 | ||||||
Directors current account | 14,836 | 24,264 | ||||||
HP loan on Transporter Van | 12,693 | 17,304 | ||||||
Trade creditors | 28,366 | 17,509 | ||||||
Accruals | 700 | 650 | ||||||
67,812 | 72,652 | |||||||
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Spark Solutions (South East) Ltd | ||||||||
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6. EMPLOYEES | ||||||
2018 | 2017 | |||||
No. | No. | |||||
Average number of employees | 3 | 3 | ||||
7. SHARE CAPITAL | 2018 | 2017 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | ||||||
100 | 100 | |||||||
8. CONTROLLING PARTY | ||||||||
Mr T Fleat controls the company by virtue of his 100% of issued share capital. | ||||||||
9. RELATED PARTY TRANSACTIONS | ||||||||
Dividends payable to directors amounted to £20000 | ||||||||