Sparkbrook Enterprise Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05036079 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Sparkbrook Enterprise Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Z H Chishti

REGISTERED OFFICE:

Audit House

260 Field End Road

Eastcote

Middlesex

HA4 9LT

REGISTERED NUMBER:

05036079 (England and Wales)

ACCOUNTANTS:

RA Accountants LLP

Chartered Certified Accountants

Audit House

260 Field End Road

Eastcote

Middlesex

HA4 9LT

FIXED ASSETS

Intangible assets

2

241,397

Tangible assets

3

16,298

14,462

257,695

255,859

CURRENT ASSETS

Stocks

32,429

27,953

Debtors

91,107

111,338

Cash at bank and in hand

6,641

31,966

130,177

171,257

CREDITORS

Amounts falling due within one year

187,986

161,800

NET CURRENT (LIABILITIES)/ASSETS

(57,809

)

9,457

TOTAL ASSETS LESS CURRENT
LIABILITIES

199,886

265,316

CAPITAL AND RESERVES

Called up share capital

4

100

2

Profit and loss account

199,786

265,314

199,886

265,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 31 May 2017 and were signed by:

Z H Chishti - 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).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery etc

-

15% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

241,397

NET BOOK VALUE

At 31 August 2016

241,397

At 31 August 2015

241,397

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

39,708

Additions

7,750

At 31 August 2016

47,458

DEPRECIATION

At 1 September 2015

25,246

Charge for year

5,914

At 31 August 2016

31,160

NET BOOK VALUE

At 31 August 2016

16,298

At 31 August 2015

14,462

4.	CALLED UP SHARE CAPITAL

Allotted, issue and fully paid:

Number:

Class:

Nominal

31.08.16

31.08.15

2

Ordinary shares

£1

-

2

45

Ordinary share A

£1

45

-

45

Ordinary share B

£1

45

-

5

Ordinary share C

£1

5

-

5

Ordinary share D

£1

5

-

100

2

This included during the year 2 ordinary shares were reallotted and reclassified as above. Additionally, during

the year 98 shares were allotted and classified as A, B, C and D shares.

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors due within one year is a balance amounting to £37,172 due to the director Z Chishti (2015:

£Nil).