Sheen Spark Limited - Abbreviated accounts 16.3

Sheen Spark Limited - Abbreviated accounts 16.3

EXCEL PRECISION (BIRMINGHAM) LTD - Company Information

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REGISTERED NUMBER: 00950647 (England and Wales)















SHEEN SPARK LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2016






SHEEN SPARK LIMITED (REGISTERED NUMBER: 00950647)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

Chartered Accountants' Report 6

SHEEN SPARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2016







DIRECTORS: Mr R Sheen
Mr R D Sheen



REGISTERED OFFICE: Unit 1 Ewhurst Avenue
Off Heeley Road
Selly Oak
Birmingham
West Midlands
B29 6EY



REGISTERED NUMBER: 00950647 (England and Wales)



ACCOUNTANTS: Ormerod Rutter Limited
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY



BANKERS: Lloyds Bank plc
University Of Birmingham
142 Edgbaston Park Road
Edgbaston
Birmingham
West Midlands
B15 2TY
Page 1
SHEEN SPARK LIMITED (REGISTERED NUMBER: 00950647)

ABBREVIATED BALANCE SHEET
30TH SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 144,240 169,416

CURRENT ASSETS
Stocks 712 541
Debtors 105,299 117,634
Cash at bank and in hand 61,354 116,484
167,365 234,659
CREDITORS
Amounts falling due within one year 3 143,286 165,100
NET CURRENT ASSETS 24,079 69,559
TOTAL ASSETS LESS CURRENT
LIABILITIES
168,319
238,975

CREDITORS
Amounts falling due after more than one
year
3
(80,000
)
(110,000
)

PROVISIONS FOR LIABILITIES (24,428 ) (28,492 )
NET ASSETS 63,891 100,483

CAPITAL AND RESERVES
Called up share capital 4 200 200
Profit and loss account 63,691 100,283
SHAREHOLDERS' FUNDS 63,891 100,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these abbreviated accounts

Page 2 continued...
SHEEN SPARK LIMITED (REGISTERED NUMBER: 00950647)

ABBREVIATED BALANCE SHEET - continued
30TH SEPTEMBER 2016


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 Board of Directors on 13th February 2017 and were signed on its behalf
by:





Mr R Sheen - Director


The notes form part of these abbreviated accounts

Page 3
SHEEN SPARK LIMITED (REGISTERED NUMBER: 00950647)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2016

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 and services, 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
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Grant income
Grants which contribute towards expenditure on fixed assets are treated as deferred income and credited to the
profit and loss account over the expected useful life of the related asset on a basis consistent with the
depreciation policy. Revenue grants are recognised in the profit and loss account in the period in which they are
received.

Page 4 continued...
SHEEN SPARK LIMITED (REGISTERED NUMBER: 00950647)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st October 2015 480,556
Additions 200
At 30th September 2016 480,756
DEPRECIATION
At 1st October 2015 311,140
Charge for year 25,376
At 30th September 2016 336,516
NET BOOK VALUE
At 30th September 2016 144,240
At 30th September 2015 169,416

3. CREDITORS

Creditors include an amount of £ 110,000 (2015 - £ 140,000 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

5. ULTIMATE PARENT COMPANY

Sheen Spark Holdings Limited is regarded by the directors as being the company's ultimate parent company.

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SHEEN SPARK LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Sheen Spark Limited for the year ended 30th September 2016 which comprise the Profit and
Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sheen Spark Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sheen Spark Limited and state those matters that we have agreed to state to the Board of Directors of Sheen Spark Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sheen Spark Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sheen Spark Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sheen Spark Limited. You consider that Sheen Spark Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sheen Spark Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ormerod Rutter Limited
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY


13th February 2017

This page does not form part of the abbreviated accounts

Page 6