Spaarks Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05882176 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

SPAARKS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr Y Varma

Mrs C M Steele

SECRETARY:

SD Company Secretaries Limited

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

05882176 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Tangible assets

2

13,943

15,262

CURRENT ASSETS

Debtors

197,513

43,679

Cash at bank and in hand

395,122

23,099

592,635

66,778

CREDITORS

Amounts falling due within one year

227,524

58,097

NET CURRENT ASSETS

365,111

8,681

TOTAL ASSETS LESS CURRENT LIABILITIES

379,054

23,943

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

378,954

23,843

SHAREHOLDERS' FUNDS

379,054

23,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 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 22 September 2014 and were signed on its behalf by:

Mrs C M Steele - Director

Mr Y Varma - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

26,874

Additions

3,329

At 31 December 2013

30,203

DEPRECIATION

At 1 January 2013

11,612

Charge for year

4,648

At 31 December 2013

16,260

NET BOOK VALUE

At 31 December 2013

13,943

At 31 December 2012

15,262

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

65

Ordinary A

£1

65

65

23

Ordinary B

£1

23

23

12

Ordinary C

£1

12

12

100

100