Handlespark Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03642105 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

HANDLESPARK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J M Brunton

REGISTERED OFFICE:

c/o Core Law

4-6 Dudley bRoad

Tunbridge Wells

Kent

TN1 1LF

REGISTERED NUMBER:

03642105 (England and Wales)

ACCOUNTANTS:

WaightSharnock

8b Lonsdale Gardens

Tunbridge Wells

Kent

TN1 1NU

FIXED ASSETS

Tangible assets

2

947,131

Investments

3

99,900

1,047,031

CURRENT ASSETS

Debtors

5,000

-

Cash at bank

340

20,687

5,340

20,687

CREDITORS

Amounts falling due within one year

4

44,067

122,502

NET CURRENT LIABILITIES

(38,727

)

(101,815

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,008,304

945,216

CREDITORS

Amounts falling due after more than one year

4

527,079

542,998

NET ASSETS

481,225

402,218

CAPITAL AND RESERVES

Called up share capital

5

100,000

Profit and loss account

381,225

302,218

SHAREHOLDERS' FUNDS

481,225

402,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 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 director on 30 June 2016 and were signed by:

J M Brunton - 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 January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Handlespark Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under Section

398 of the Companies Act 2006 not to prepare consolidated financial statements.

Tangible fixed assets

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

Employer financed retirement benefit scheme

In previous years it was reported that the company's subsidiary established an employer financed retirement benefit

scheme for the benefit of its officers, employees and wider families, the Vital Nut Co. Limited Employer Financed

Benefit Scheme.

The group does not include the assets or liabilities of the Scheme on its balance sheet.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

947,131

NET BOOK VALUE

At 30 September 2015

947,131

At 30 September 2014

947,131

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2014

and 30 September 2015

99,900

NET BOOK VALUE

At 30 September 2015

99,900

At 30 September 2014

99,900

4.

CREDITORS

Creditors include an amount of £ 496,171 (30.9.14 - £ 535,788 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

100,000

Ordinary

1

100,000

6.	PRINCIPAL SUBSIDIARIES

The company's wholly owned subsidiary is Vital Nut Co. Ltd, a company registered in England. The company

imports and sells wholesale edible nuts and dried fruits.