Tiny Spark Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07931864 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

TINY SPARK LIMITED

Page

Company Information

1

Income Statement

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

P G Atherton

C E Menzies

S L Rowe

C E Widdows

REGISTERED OFFICE:

Unit 1.1 Paintworks

Bath Road

Bristol

BS4 3EH

REGISTERED NUMBER:

07931864 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

TURNOVER

-

132,342

Cost of sales

-

2,692

GROSS PROFIT

-

129,650

Administrative expenses

1,806

85,253

(1,806

)

44,397

Other operating income

365

13,944

OPERATING (LOSS)/PROFIT

(1,441

)

58,341

Interest receivable and similar income

-

11

(LOSS)/PROFIT BEFORE TAXATION

(1,441

)

58,352

Tax on (loss)/profit

(277

)

7,697

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(1,164

)

50,655

CURRENT ASSETS

Debtors

6

277

21,425

Cash at bank

9,830

2,573

10,107

23,998

CREDITORS

Amounts falling due within one year

7

1,329

14,056

NET CURRENT ASSETS

8,778

9,942

TOTAL ASSETS LESS CURRENT LIABILITIES

8,778

9,942

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

8,776

9,940

SHAREHOLDERS' FUNDS

8,778

9,942

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 May 2019 and were signed on its behalf by:

P G Atherton - Director

1.	STATUTORY INFORMATION

Tiny Spark 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

-

33% on cost

Taxation

Taxation for the year 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.

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 year 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 4 ).

4.

DIVIDENDS

31.12.18

31.12.17

£

£

Ordinary B shares of £0.10 each

Interim

-

42,788

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2018

and 31 December 2018

2,253

DEPRECIATION

At 1 January 2018

and 31 December 2018

2,253

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

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

leases are as follows:

Plant and

machinery

£

COST

At 1 January 2018

and 31 December 2018

1,289

DEPRECIATION

At 1 January 2018

and 31 December 2018

1,289

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Tax

277

21,425

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Tax

-

11,243

VAT

-

1,303

Accrued expenses

1,329

1,510

1,329

14,056

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

12

Ordinary A

£0.10

1

1

8

Ordinary B

£0.10

1

1

2

2

9.

RESERVES

Retained

earnings

£

At 1 January 2018

9,940

Deficit for the year

(1,164

)

At 31 December 2018

8,776

10.	RELATED PARTY DISCLOSURES

There were no related party transactions during the year.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be C E Menzies.

12.	ULTIMATE PARENT COMPANY

The ultimate parent company is The Istoria Group Limited (previously Blue Flint Group

Limited) by virtue of its majority shareholding.