Sparkle Communication Limited - Accounts to registrar (filleted) - small 18.2
Sparkle Communication Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Ainslie Place |
Edinburgh |
Midlothian |
EH3 6AT |
BANKERS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 30 September 2020 |
DEPRECIATION |
Charge for period |
At 30 September 2020 |
NET BOOK VALUE |
At 30 September 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
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 |
Other creditors |