Tiny Spark Ideas Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08362590 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Tiny Spark Ideas Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I D Knapp

Mrs F Knapp

REGISTERED OFFICE:

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

BUSINESS ADDRESS:

84 Wilman Road

Tunbridge Wells

Kent

TN4 9AP

REGISTERED NUMBER:

08362590 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

FIXED ASSETS

Tangible assets

4

5,620

7,958

CURRENT ASSETS

Debtors

5

28,371

16,594

Cash at bank

139,015

105,574

167,386

122,168

CREDITORS

Amounts falling due within one year

6

37,277

33,807

NET CURRENT ASSETS

130,109

88,361

TOTAL ASSETS LESS CURRENT LIABILITIES

135,729

96,319

PROVISIONS FOR LIABILITIES

1,124

1,592

NET ASSETS

134,605

94,727

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

134,505

94,627

SHAREHOLDERS' FUNDS

134,605

94,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 August 2017 and were signed on its behalf by:

I D Knapp - Director

1.	STATUTORY INFORMATION

Tiny Spark Ideas Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

13,708

Additions

1,704

At 31 March 2017

15,412

DEPRECIATION

At 1 April 2016

5,750

Charge for year

4,042

At 31 March 2017

9,792

NET BOOK VALUE

At 31 March 2017

5,620

At 31 March 2016

7,958

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

28,371

16,594

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

1,992

1,596

Taxation and social security

34,778

30,877

Other creditors

507

1,334

37,277

33,807

7.	ULTIMATE CONTROLLING PARTY

The controlling party is I D Knapp.

8.	FIRST YEAR ADOPTION

The company has adopted FRS 102 (1A) with effect from 1 April 2016. No adjustments are required to its

comparatives for the year commencing 1 April 2015 as a result of the change in accounting standard.