07484266 2015-02-01 false true 2016-01-312016-01-31 07484266 2015-02-01 2016-01-31 07484266 2016-01-31 07484266 2015-01-31 07484266 c:OrdinaryShareClass1 2016-01-31 07484266 c:OrdinaryShareClass1 2015-01-31 07484266 c:OrdinaryShareClass1 2015-02-01 2016-01-31 07484266 c:Director1 2015-02-01 2016-01-31 07484266 d:OfficeEquipment 2015-02-01 2016-01-31 07484266 d:ProvisionsForDeferredTaxation 2015-01-31 iso4217:GBP xbrli:shares

Registered number:  07484266
















BUSINESS BRIGHT SPARKS LIMITED




ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016




















These financial statements have not been audited as the company is exempt under s477 of the Companies Act 2006 from the requirement to obtain an audit of its financial statements.











BUSINESS BRIGHT SPARKS LIMITED
REGISTERED NUMBER: 07484266

ABBREVIATED BALANCE SHEET
AS AT 31 JANUARY 2016

2016
2015
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
-
1,591
 
CURRENT ASSETS





 
Debtors
62,787
28,557

 
Cash at bank
2,083
1,132







 
64,870
29,689
 
CREDITORS:  amounts falling due within one year
(64,698)
(30,709)
 
NET CURRENT ASSETS/(LIABILITIES)

172

(1,020)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
172
571
 
PROVISIONS FOR LIABILITIES





 
Deferred tax
-
(318)

NET ASSETS



 172


 253
  
CAPITAL AND RESERVES

 
Called up share capital
3
1
1
 
Profit and loss account
171
252
 
SHAREHOLDERS' FUNDS
 

 172

 253


The Director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 January 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by: 






Mr S Drury
Director

Date: 20 October 2016

The notes on pages 2 to 3 form part of these financial statements.

Page 1

BUSINESS BRIGHT SPARKS LIMITED

 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016

1. ACCOUNTING POLICIES

1.1
BASIS OF PREPARATION OF FINANCIAL STATEMENTS

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).

1.2
TURNOVER

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services and re-imbursed expenses to customers.

1.3
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:

Office equipment
-
3 years straight line

1.4
DEFERRED TAXATION

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date except as required by the FRSSE. 
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.


2. TANGIBLE FIXED ASSETS



£


COST 


At 1 February 2015
6,422

Additions
638

Disposals
(7,060)


At 31 January 2016

-



DEPRECIATION


At 1 February 2015
4,831

Charge for the year
1,218

On disposals
(6,049)


At 31 January 2016

-




NET BOOK VALUE


At 31 January 2016
 -


At 31 January 2015

 1,591

Page 2

BUSINESS BRIGHT SPARKS LIMITED

 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016

3. SHARE CAPITAL
        2016
        2015
        £

        £

ALLOTTED, CALLED UP AND FULLY PAID



1 Ordinary share of £1
 1
 1


4.
DIRECTOR'S PERSONAL GUARANTEES

During the year a director operated an overdrawn current account which constitutes an advance by the company. The details were as follows:



        2016
        £

Balance due to the director at 1 February 2015
  (1,990)
Funds introduced
  3,132
Amounts withdrawn
  (37,497)
  
Balance due from the director at 31 January 2016

  36,355

The above advance was interest free, has no fixed date for repayment and was unsecured.

Page 3

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