| VITAL SPARK COMPUTER CONSULTANTS LTD |
| Registered number: |
02266077 |
| Balance Sheet |
| as at 31 December 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
|
|
|
|
£ |
|
|
£ |
| FIXED ASSETS |
| Tangible assets |
3 |
|
|
2,498 |
|
|
2,939 |
|
| CURRENT ASSETS |
| Debtors |
4 |
|
77,605 |
|
|
78,909 |
|
| CREDITORS: amounts falling due within one year |
5 |
|
(84,890) |
|
|
(80,911) |
|
| NET CURRENT LIABILITIES |
|
|
|
(7,285) |
|
|
(2,002) |
|
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
(4,787) |
|
|
937 |
|
| Provisions for liabilities |
|
|
|
(475) |
|
|
(558) |
|
| NET (LIABILITIES)/ASSETS |
|
|
|
£ (5,262) |
|
|
£ 379 |
|
|
|
|
|
|
|
|
| CAPITAL AND RESERVES |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(5,362) |
|
|
279 |
|
| SHAREHOLDERS' FUNDS |
|
|
|
£ (5,262) |
|
|
£ 379 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account is not delivered to Companies House. |
|
|
| Mr S R Colby |
| Director |
| Approved by the board on 28 October 2022 |
|
| VITAL SPARK COMPUTER CONSULTANTS LTD |
| Notes to the Accounts |
| for the year ended 31 December 2021 |
|
| 1 |
ACCOUNTING POLICIES |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover from the sale of any goods is recognised when goods are delivered and legal title has passed. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Office equipment |
15% p.a. on a reducing balance basis |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on a non-discounted basis at the tax rates which are expected to apply in the periods when the timing differences are expected to reverse. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. There are no finance leases and operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are charged to the profit and loss account in the period in which they are paid. |
|
|
| 2 |
EMPLOYEES |
2021 |
|
2020 |
|
|
|
|
|
|
Number |
|
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
(excluding directors with no specific service contract) |
|
| VITAL SPARK COMPUTER CONSULTANTS LTD |
| Notes to the Accounts |
| for the year ended 31 December 2021 |
|
| 6 |
LOANS TO DIRECTORS |
|
Description and conditions |
B/fwd |
|
Paid |
|
Repaid |
|
C/fwd |
|
|
£ |
|
£ |
|
£ |
|
£ |
|
Mr S R Colby |
|
Loan subject to interest at the official rate that would otherwise apply for tax on beneficial loans: |
53,166 |
|
4,300 |
|
(13,368) |
|
44,098 |
|
|
|
£ 53,166 |
|
£ 4,300 |
|
£ (13,368) |
|
£ 44,098 |
|
|
|
|
|
|
|
|
|
| 7 |
RELATED PARTY TRANSACTIONS |
|
|
The director, Mr S R Colby, together with the company secretary Mrs J Colby owed £44,098 to the company at the end of the year (2020 - £53,166). Movement arose from amounts paid in and drawn and business expenses paid personally. Interest is accounted for to the company at rates otherwise applying for taxation on beneficial loans. |
|
|
| 8 |
CONTROLLING PARTY |
|
|
At the date of approval of these financial statements Mr S R Colby and Mrs J Colby control the company as they each hold 50% of the issued share capital. |
|
|
| 9 |
OTHER INFORMATION |
|
|
Vital Spark Computer Consultants Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
12 Central Way |
|
Oxted |
|
Surrey |
|
RH8 0LS |
|
|
The accounts are for the individual company and are presented in Sterling which is the functional currency of the company. |
