Brightspark Associates Ltd,Ltd - Accounts

Brightspark Associates Ltd,Ltd - Accounts

BRIGHTSPARK ASSOCIATES LIMITED - Company Information

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2014-01-01 true false Private Limited Company 05613501 2014-12-31 05613501 2014-01-01 2014-12-31 05613501 2013-12-31 05613501 2013-01-01 2013-12-31 05613501 uk-bus:Director1 2014-01-01 2014-12-31 05613501 uk-gaap:PlantMachinery 2014-01-01 2014-12-31 05613501 uk-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP
Brightspark Associates Ltd
For the year ended 31 December 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05613501
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Contents Page
Brightspark Associates Ltd
For the year ended 31 December 2014
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
Brightspark Associates Ltd
Accountants' Report
For the year ended 31 December 2014
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of Brightspark Associates Ltd for the year ended 31 December 2014 which comprise the Profit and Loss
Account, Statement of Recognised Gains and Losses, 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 firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other
professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of Brightspark Associates Ltd, as a body, in accordance with
the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the
accounts of Brightspark Associates Ltd and state those matters that we have agreed to state to the Board of
Directors of Brightspark Associates Ltd, as a body, in this report in accordance with the requirements of the
Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brightspark
Associates Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Brightspark Associates Ltd has kept adequate accounting records and to prepare
statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Brightspark
Associates Ltd. You consider that Brightspark Associates Ltd is exempt from the statutory audit requirement for the
year.
Morrison Associates
24 James Street West
Bath
BA1 2BT
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4
Abbreviated Balance Sheet
Brightspark Associates Ltd
As at 31 December 2014
05613501
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
2,089
2,168
2,089
2,168
Current assets
Debtors
3,983
2,814
2,814
3,983
Creditors: amounts falling due within one year
(5,534)
(4,327)
(1,551)
(1,513)
Net current liabilities
Total assets less current liabilities
576
617
576
Net assets
617
Capital and reserves
Called up share capital
1,000
3
1,000
Profit and loss account
(424)
(383)
576
617
Shareholders funds
For the year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 22 September 2015
Mr B J Prescott Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Brightspark Associates Ltd
For the year ended 31 December 2014
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
6,627
At 01 January 2014
617
Additions
At 31 December 2014
7,244
Depreciation
4,459
At 01 January 2014
696
Charge for year
5,155
At 31 December 2014
Net book values
At 31 December 2014
2,089
2,168
At 31 December 2013
3 Share capital
Allotted called up and fully paid
2014
2013
£
£
1,000 Class A shares of £1.00 each
1,000
1,000
1,000
1,000
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