Bright Sparks Electrical (Derbyshire) Lt - Abbreviated accounts 16.3

REGISTERED NUMBER: 06680332 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

Bright Sparks Electrical (Derbyshire)

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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

Registered Auditors

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

2

14,405

1,134

CURRENT ASSETS

Debtors

15,145

23,013

Cash at bank

4,198

-

19,343

23,013

CREDITORS

Amounts falling due within one year

17,067

15,650

NET CURRENT ASSETS

2,276

7,363

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,681

8,497

CREDITORS

Amounts falling due after more than one
year

15,742

7,667

NET ASSETS

939

830

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

839

730

SHAREHOLDERS' FUNDS

939

830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19th December 2016 and were signed by:

K Randles - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

5,694

Additions

18,000

At 31st March 2016

23,694

DEPRECIATION

At 1st April 2015

4,560

Charge for year

4,729

At 31st March 2016

9,289

NET BOOK VALUE

At 31st March 2016

14,405

At 31st March 2015

1,134

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

1

100

4.

CONTROL

The company is under the control of the director Mr K Randles who owns 100% of the share capital.