Tiny Spark Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 07931864 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

TINY SPARK LIMITED

Page

Company Information

1

Income Statement

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

P G Atherton

Mrs C E Menzies

Mrs S L Rowe

C E Widdows

REGISTERED OFFICE:

29 Hendre Road

Ashton

Bristol

BS3 2LP

REGISTERED NUMBER:

07931864 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

TURNOVER

287,277

120,137

Cost of sales

20,071

54,143

GROSS PROFIT

267,206

65,994

Administrative expenses

143,267

47,309

123,939

18,685

Other operating income

10,572

4,354

OPERATING PROFIT

134,511

23,039

Interest payable and similar expenses

77

1,854

PROFIT BEFORE TAXATION

134,434

21,185

Tax on profit

26,890

4,408

PROFIT FOR THE FINANCIAL YEAR

107,544

16,777

FIXED ASSETS

Tangible assets

5

-

636

CURRENT ASSETS

Debtors

6

132,017

90,492

Cash at bank

2,923

827

134,940

91,319

CREDITORS

Amounts falling due within one year

7

132,865

91,570

NET CURRENT ASSETS/(LIABILITIES)

2,075

(251

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,075

385

PROVISIONS FOR LIABILITIES

-

127

NET ASSETS

2,075

258

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

2,073

256

SHAREHOLDERS' FUNDS

2,075

258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

The financial statements were approved by the Board of Directors on 29 August 2017 and were signed on its behalf by:

P G Atherton - Director

1.	STATUTORY INFORMATION

Tiny Spark Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.

The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.

DIVIDENDS

Period

1.3.15

Year Ended

to

31.12.16

31.12.15

£

£

Ordinary B shares of £0.1 each

Interim

105,727

16,813

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2016

and 31 December 2016

2,253

DEPRECIATION

At 1 January 2016

1,617

Charge for year

636

At 31 December 2016

2,253

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

636

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Plant and

machinery

£

COST

At 1 January 2016

and 31 December 2016

1,289

DEPRECIATION

At 1 January 2016

653

Charge for year

636

At 31 December 2016

1,289

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

636

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

114,168

1,248

Directors' current accounts

-

71,395

Tax

17,849

17,849

132,017

90,492

Included within trade debtors is an amount owed to the company by Ignition DG Limited

amounting to £108,000 (2015:£Nil). Other debtors is also an amount owed by Ignition DG

Limited.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

40

436

Trade creditors

209

679

Tax

27,017

10,968

Social security and other taxes

2,325

2,700

VAT

24,968

7,159

Other creditors

76,997

67,999

Accrued expenses

1,309

1,629

132,865

91,570

Other creditors include a loan from the Parent Company, Blue Flint Group Limited, of

£76,997 (2015: £60,000) which is secured by a fixed and floating charge on the assets of the

company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

NIL

-

-

12

Ordinary A

£0.1

1

1

8

Ordinary B

£0.1

1

1

2

2

9.

RESERVES

Retained

earnings

£

At 1 January 2016

256

Profit for the year

107,544

Dividends

(105,727

)

At 31 December 2016

2,073

10.	RELATED PARTY DISCLOSURES

During the period, the company lent C Widdows, a company director and shareholder, £Nil

(2015 £34,352). C Widdows repaid loans amounting to £71,395 (2015: £Nil). At the year

end £Nil (2015: £71,395) was owed to the company..

During the year, C Widdows received a dividend amounting to £105,727 (2015: £16,813).

During the period, Blue Flint Group Limited, the parent company, lent the company £16,998

(2015: £59,999). At the year end, £76,997 was still to be repaid.

During the year, the company invoiced Ignition DG Limited, an associated company,

£179,668 (2015: £110,167) and was invoiced by Ignition DG Limited £1,137 (2015: £8,000).

At the year end, Ignition DG Limited owed the company £108,000 (2015: was owed: £8,000).

During the year, the company invoiced Caroline Partners Limited, an associated company,

£16,500 (2015: £Nil).

During the year the company invoiced, Phoenix Wharf Design Limited, an associated

company, £20,114 (2015: £Nil) and was invoiced by Phoenix Wharf Design Limited £1,365

(2015: £Nil).

11.	ULTIMATE CONTROLLING PARTY

Mrs C Menzies is the ultimate controlling party.