Bright Sparks Electrical (Derbyshire) Lt - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06680332 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2022

for

Bright Sparks Electrical (Derbyshire)

Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Randles

SECRETARY:

K Randles

REGISTERED OFFICE:

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

REGISTERED NUMBER:

06680332 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

4

30,906

3,515

CURRENT ASSETS

Debtors

4,477

6,000

Cash at bank

3,311

3,042

7,788

9,042

CREDITORS

Amounts falling due within one year

9,128

9,216

NET CURRENT LIABILITIES

(1,340

)

(174

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,566

3,341

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,466

3,241

SHAREHOLDERS' FUNDS

29,566

3,341

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 9th December 2022 and were signed by:

K Randles - Director

1.	STATUTORY INFORMATION

Bright Sparks Electrical (Derbyshire) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2021

21,729

Additions

31,598

Disposals

(18,000

)

At 31st March 2022

35,327

DEPRECIATION

At 1st April 2021

18,427

Charge for year

791

Eliminated on disposal

(14,797

)

At 31st March 2022

4,421

NET BOOK VALUE

At 31st March 2022

30,906

At 31st March 2021

3,302

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals

£

COST

At 1st April 2021

18,000

Disposals

(18,000

)

At 31st March 2022

-

DEPRECIATION

At 1st April 2021

13,729

Eliminated on disposal

(13,729

)

At 31st March 2022

-

NET BOOK VALUE

At 31st March 2022

-

At 31st March 2021

4,271

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year ended 31st March 2022, the company owed the director £5,141 (2021: £5,624). This loan is interest free and repayable on demand.