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Company Registration No. 12206818 (England and Wales)
SPARKS FRANCHISING LIMITED Unaudited accounts for the year ended 31 December 2021
SPARKS FRANCHISING LIMITED Unaudited accounts Contents
Page
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SPARKS FRANCHISING LIMITED Company Information for the year ended 31 December 2021
Directors
DANIEL FARRELL DONNA BAMFORD
Company Number
12206818 (England and Wales)
Registered Office
3RD FLOOR, 86-90 PAUL STREET LONDON EC2A 4NE ENGLAND
Accountants
Annette & Co. 28 Kittlegairy Crescent Peebles EH45 9NJ
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SPARKS FRANCHISING LIMITED Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,258 
- 
Current assets
Debtors
65,884 
24,711 
Creditors: amounts falling due within one year
(78,213)
(18,172)
Net current (liabilities)/assets
(12,329)
6,539 
Net assets
2,929 
6,539 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,927 
6,537 
Shareholders' funds
2,929 
6,539 
For the year ending 31 December 2021 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2022 and were signed on its behalf by
DANIEL FARRELL Director Company Registration No. 12206818
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SPARKS FRANCHISING LIMITED Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
SPARKS FRANCHISING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12206818. The registered office is 3RD FLOOR, 86-90 PAUL STREET, LONDON, EC2A 4NE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2021
- 
Additions
18,119 
At 31 December 2021
18,119 
Depreciation
Charge for the year
2,861 
At 31 December 2021
2,861 
Net book value
At 31 December 2021
15,258 
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SPARKS FRANCHISING LIMITED Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
- 
1,073 
Trade debtors
13,533 
4,714 
Amounts due from group undertakings etc.
51,501 
18,924 
Accrued income and prepayments
850 
- 
65,884 
24,711 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
2,760 
- 
Trade creditors
3,776 
1,320 
Amounts owed to group undertakings and other participating interests
71,831 
16,852 
Loans from directors
(154)
- 
78,213 
18,172 
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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