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

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


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REGISTERED NUMBER: 06680332 (England and Wales)



Unaudited Financial Statements

for the Year Ended 31st March 2018

for

Bright Sparks Electrical (Derbyshire)
Limited

Bright Sparks Electrical (Derbyshire)
Limited (Registered number: 06680332)






Contents of the Financial Statements
for the Year Ended 31st March 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Bright Sparks Electrical (Derbyshire)
Limited

Company Information
for the Year Ended 31st March 2018







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

Bright Sparks Electrical (Derbyshire)
Limited (Registered number: 06680332)

Abridged Balance Sheet
31st March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,181 10,849

CURRENT ASSETS
Debtors 11,323 19,434

CREDITORS
Amounts falling due within one year 17,122 21,337
NET CURRENT LIABILITIES (5,799 ) (1,903 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,382 8,946

CREDITORS
Amounts falling due after more than one
year

2,275

7,842
NET ASSETS 107 1,104

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 1,004
SHAREHOLDERS' FUNDS 107 1,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2018 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 on 3rd December 2018 and were signed by:




K Randles - Director


Bright Sparks Electrical (Derbyshire)
Limited (Registered number: 06680332)

Notes to the Financial Statements
for the Year Ended 31st March 2018

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 (2017 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2017
and 31st March 2018 23,694
DEPRECIATION
At 1st April 2017 12,845
Charge for year 2,668
At 31st March 2018 15,513
NET BOOK VALUE
At 31st March 2018 8,181
At 31st March 2017 10,849

Bright Sparks Electrical (Derbyshire)
Limited (Registered number: 06680332)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2018

4. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1st April 2017
and 31st March 2018 18,000
DEPRECIATION
At 1st April 2017 7,875
Charge for year 2,531
At 31st March 2018 10,406
NET BOOK VALUE
At 31st March 2018 7,594
At 31st March 2017 10,125

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year ended 31st March 2018, the director owed the company £3,201 (2017: £9,455). This loan is interest
free.

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Randles.