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
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
SPARKS FRANCHISING LIMITED
Statement of financial position
as at 31 December 2021
Creditors: amounts falling due within one year
(78,213)
(18,172)
Net current (liabilities)/assets
(12,329)
6,539
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
SPARKS FRANCHISING LIMITED
Notes to the Accounts
for the year ended 31 December 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 31 December 2021
18,119
At 31 December 2021
15,258
SPARKS FRANCHISING LIMITED
Notes to the Accounts
for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
13,533
4,714
Amounts due from group undertakings etc.
51,501
18,924
Accrued income and prepayments
850
-
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
3,776
1,320
Amounts owed to group undertakings and other participating interests
71,831
16,852
Loans from directors
(154)
-
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).