Sparkle Communication Limited - Accounts to registrar (filleted) - small 18.2

Sparkle Communication Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC641894 (Scotland)




















Sparkle Communication Limited

Unaudited Financial Statements

for the Period

17 September 2019 to 30 September 2020






Sparkle Communication Limited (Registered number: SC641894)






Contents of the Financial Statements
for the Period 17 September 2019 to 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sparkle Communication Limited

Company Information
for the Period 17 September 2019 to 30 September 2020







DIRECTOR: Mrs T Wright



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
EH3 6AT



REGISTERED NUMBER: SC641894 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: The Royal Bank Of Scotland Plc
London Holborn
127 -128 High Holborn
London
WC1V 6PQ

Sparkle Communication Limited (Registered number: SC641894)

Balance Sheet
30 September 2020

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,289

CURRENT ASSETS
Debtors 5 13,384
Cash at bank 3,205
16,589
CREDITORS
Amounts falling due within one year 6 12,530
NET CURRENT ASSETS 4,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,348

PROVISIONS FOR LIABILITIES 245
NET ASSETS 5,103

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 5,003
SHAREHOLDERS' FUNDS 5,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Sparkle Communication Limited (Registered number: SC641894)

Balance Sheet - continued
30 September 2020


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 10 June 2021 and were signed by:





Mrs T Wright - Director


Sparkle Communication Limited (Registered number: SC641894)

Notes to the Financial Statements
for the Period 17 September 2019 to 30 September 2020

1. STATUTORY INFORMATION

Sparkle Communication Limited is a private company, limited by shares , registered in Scotland. 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.

The directors going concern assessment includes the expected impact of COVID-19 to the company for a period of at least 12 months from the date of signing of these financial statements.

Turnover and revenue recognition
Turnover represents gross sales from provision of design and communications service. Revenue is recognised on the point of completion of service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the period 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 balance sheet date.


Sparkle Communication Limited (Registered number: SC641894)

Notes to the Financial Statements - continued
for the Period 17 September 2019 to 30 September 2020

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,876
At 30 September 2020 1,876
DEPRECIATION
Charge for period 587
At 30 September 2020 587
NET BOOK VALUE
At 30 September 2020 1,289

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 13,186
Other debtors 198
13,384

Sparkle Communication Limited (Registered number: SC641894)

Notes to the Financial Statements - continued
for the Period 17 September 2019 to 30 September 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 9,223
Other creditors 3,307
12,530