| VITAL SPARK COMPUTER CONSULTANTS LIMITED |
| Company Number: 02266077 |
| Abbreviated Balance Sheet |
| as at 31 December 2013 |
|
|
Note |
|
|
2013 |
|
|
2012 |
|
|
|
|
£ |
|
|
£ |
| FIXED ASSETS |
| Tangible assets |
2 |
|
|
4,593 |
|
|
5,404 |
|
| CURRENT ASSETS |
| Debtors |
3 |
|
17,123 |
|
|
14,400 |
| Cash at bank and in hand |
|
|
191 |
|
|
1,891 |
|
|
|
17,314 |
|
|
16,291 |
|
| CREDITORS: amounts falling due within one year |
|
|
(50,984) |
|
|
(52,388) |
|
| NET CURRENT LIABILITIES |
|
|
|
(33,670) |
|
|
(36,097) |
|
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
(29,077) |
|
|
(30,693) |
|
| PROVISIONS FOR LIABILITIIES |
| Deferred tax |
|
|
|
(919) |
|
|
(1,081) |
|
|
|
|
|
|
|
|
|
| NET LIABILITIES |
|
|
|
£(29,996) |
|
|
£(31,774) |
|
|
|
|
|
|
|
|
| CAPITAL AND RESERVES |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(30,096) |
|
|
(31,874) |
|
|
|
|
|
|
|
|
|
| SHAREHOLDERS' FUNDS |
|
|
|
£(29,996) |
|
|
£(31,774) |
|
|
|
|
|
|
|
|
| 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. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with sections 386 and 387 of the Companies Act 2006 and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the year and of its profit or loss for the financial year in accordance with the requirements of section 396 and which otherwise comply with the requirements of the Companies Act 2006 relating to the accounts so far as applicable to the company. |
| The abbreviated accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. |
|
|
| ........................................ |
| Mr S. R. Colby |
| Director |
Approved by the board on 24 October 2014 |
|
| VITAL SPARK COMPUTER CONSULTANTS LIMITED |
| Company Number: 02266077 |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2013 |
|
| 1 |
ACCOUNTING POLICIES |
|
|
1.1 Basis of preparation |
|
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). |
|
|
1.2 Turnover |
|
Turnover represents the invoiced value of goods and services supplied by the company, net of Value Added Tax. |
|
|
1.3 Tangible fixed assets and depreciation |
|
Tangible fixed assets are stated at cost less depreciation. 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: |
|
|
Office equipment etc. |
15% on a reducing balance basis |
|
|
|
1.4 Deferred taxation |
|
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other tax that would apply on future taxable profits. Deferred taxation is measured on a non-discounted basis at the average rates that would apply when the timing differences are expected to reverse, based on the tax rates and laws that have been enacted by the balance sheet date. |
|
|
1.5 Leasing and hire purchase commitments |
|
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives.
Finance leases are those where substantially all the benefits and risks of ownership are assumed by the company. Obligations under such agreements and hire purchase agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits as incurred. |
|
|
1.6 Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account in the period in which they are paid. During the year retirement benefits were accruing to one director in respect of this money purchase scheme (2012 - 1). |
|
|
|
|
|
|
|
|
|
|
| 2 |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
|
Office Equipment etc |
|
|
|
|
|
|
|
|
£ |
|
COST |
|
At 1 January 2013 |
17,979 |
|
Additions |
- |
|
At 31 December 2013 |
£17,979 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION |
|
At 1 January 2013 |
12,575 |
|
Charge for the year |
811 |
|
At 31 December 2013 |
£13,386 |
|
|
|
|
|
|
|
|
|
|
NET BOOK VALUE |
|
At 31 December 2013 |
£4,593 |
|
At 31 December 2012 |
£5,404 |
|
|
|
|
|
|
|
|
|
|
| 3 |
DEBTORS |
2013 |
|
2012 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Debtors falling due after more than one year: |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
SHARE CAPITAL |
Nominal |
|
2013 |
|
2013 |
|
2012 |
| value |
Number |
|
£ |
|
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
£100 |
|
£100 |
|
|
| 5 |
LOANS TO DIRECTORS |
|
|
Description and conditions |
B/fwd |
|
Advanced |
|
Repaid |
|
C/fwd |
|
|
£ |
|
£ |
|
£ |
|
£ |
|
Mr S. R. Colby |
|
Aggregate advance to Mr and Mrs Colby subject to interest at the offiicial rate as it would otherwise apply for tax on beneficial loans: |
- |
|
18,141 |
|
(17,668) |
|
473 |
|
|
|
- |
|
£18,141 |
|
£(17,668) |
|
£473 |
|
|
|
|
|
|
|
|
|
