Brightspark Associates Limited,Ltd - AccountsLtd - Accounts

Brightspark Associates Limited,Ltd - AccountsLtd - Accounts

BRIGHTSPARK ASSOCIATES LIMITED - Company Information

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2016-01-01 05613501 2016-12-31 05613501 2016-01-01 2016-12-31 05613501 2015-12-31 05613501 2015-01-01 2015-12-31 05613501 uk-core:WithinOneYear 2015-12-31 05613501 uk-core:WithinOneYear 2016-12-31 05613501 uk-core:ShareCapital 2016-12-31 05613501 uk-core:ShareCapital 2015-12-31 05613501 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 05613501 uk-core:RetainedEarningsAccumulatedLosses 2015-12-31 05613501 uk-bus:Director1 2016-01-01 2016-12-31 05613501 uk-core:PlantMachinery 2016-01-01 2016-12-31 05613501 uk-core:WithinOneYear 2016-12-31 05613501 uk-core:WithinOneYear 2015-12-31 iso4217:GBP 05613501 uk-bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 05613501 uk-bus:FRS102 2016-01-01 2016-12-31 05613501 uk-bus:FullAccounts 2016-01-01 2016-12-31 05613501 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31
Brightspark Associates Limited
Registered Number:05613501
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2016
Brightspark Associates Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 December 2016
Brightspark Associates Limited
Statement of Financial Position
Registered Number :
05613501
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
1,340
1,786
2
1,340
1,786
Current assets
Trade and other receivables
509
4,491
3
4,491
509
Trade and other payables: amounts falling due within one
year
(8,141)
(19,822)
4
(7,632)
(15,331)
Net current liabilities
Total assets less current liabilities
(13,991)
(5,846)
(13,991)
Net liabilities
(5,846)
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
(14,991)
(6,846)
(13,991)
(5,846)
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr B J Prescott Director
These financial statements were approved and authorised for issue by the Board on 14 June 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2016
Brightspark Associates Limited
Notes to the Financial Statements
Statutory Information
Brightspark Associates Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05613501.
Registered address:
Ashton House
9 Entry Hill
Bath
BA2 5LZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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:
Plant and machinery
25% Reducing balance
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 January 2016
7,536
At 31 December 2016
7,536
Provision for depreciation and impairment
At 01 January 2016
5,750
Charge for year
446
At 31 December 2016
6,196
At 31 December 2016
Net book value
1,340
At 31 December 2015
1,786
2 of 3
5
For the year ended 31 December 2016
Brightspark Associates Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2015
2016
£
£
Trade debtors
4,373
-
Taxation and social security
118
509
509
4,491
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Bank loans and overdraft
1,361
1,426
Trade creditors
-
1
Taxation and social security
-
63
Accruals and deferred income
800
800
Directors' current accounts
17,661
5,851
19,822
8,141
5. Average number of persons employed
During the year the average number of employees was 2 (2015 : 2)
6. Transition to FRS 102
These financial statements for the period ended 31 December 2016 are the first financial statements to comply with
FRS 102 Section 1A. The transition date is 1 January 2015. The transaction to FRS 102 Section 1A has not resulted
in changes in the accounting policy to those used previously.
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