Wee Spark Marketing Ltd - Period Ending 2016-07-31

Registration number: SC509476

Wee Spark Marketing Ltd

Unaudited Abbreviated Accounts

for the Period from 26 June 2015 to 31 July 2016

 

Mint Accounting Ltd
56 King Street
Aberdeen
AB24 5AX

Wee Spark Marketing Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Wee Spark Marketing Ltd
for the Period Ended 31 July 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wee Spark Marketing Ltd for the period ended 31 July 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Wee Spark Marketing Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Wee Spark Marketing Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wee Spark Marketing Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Wee Spark Marketing 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 Wee Spark Marketing Ltd. You consider that Wee Spark Marketing Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Wee Spark Marketing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Mint Accounting Ltd
56 King Street
Aberdeen
AB24 5AX

11 July 2017

Page 1

Wee Spark Marketing Ltd
(Registration number: SC509476)
Abbreviated Balance Sheet at 31 July 2016

		Note			31 July 2016 £
Fixed assets
Tangible fixed assets					389
Current assets
Debtors					3,740
Cash at bank and in hand					4,601
					8,341
Creditors: Amounts falling due within one year					(5,696)
Net current assets					2,645
Net assets					3,034
Capital and reserves
Called up share capital		3			100
Profit and loss account					2,934
Shareholders' funds					3,034

For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 .

Approved by the director on 11 July 2017

.........................................
Ms Nicola Logue
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Wee Spark Marketing Ltd
Notes to the Abbreviated Accounts for the Period from 26 June 2015 to 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33% on cost

Research and development

Research and development expenditure is written off as incurred.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		438			438
At 31 July 2016		438			438
Depreciation
Charge for the period		49			49
At 31 July 2016		49			49
Net book value
At 31 July 2016		389			389

Page 3

Wee Spark Marketing Ltd
Notes to the Abbreviated Accounts for the Period from 26 June 2015 to 31 July 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 July 2016
		No.			£
Ordinary shares of £1 each		100			100

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

4	Related party transactions

Director's advances and credits

	26 June 2015 to 31 July 2016 Advance/ Credit £	26 June 2015 to 31 July 2016 Repaid £
Ms Nicola Logue
During the period the director provided the company with an interest free loan, which is unsecured, repayable on demand and shown under Other Creditors.	14,720	15,062

Page 4