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Company Registration No. 8937421 (England and Wales)
BrightSparks 4Kids Limited Unaudited accounts for the year ended 31 March 2024
BrightSparks 4Kids Limited Unaudited accounts Contents
Page
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BrightSparks 4Kids Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,313 
1,750 
Current assets
Inventories
11,684 
7,012 
Debtors
17,175 
9,016 
Cash at bank and in hand
77,948 
56,283 
106,807 
72,311 
Creditors: amounts falling due within one year
(98,314)
(72,103)
Net current assets
8,493 
208 
Net assets
9,806 
1,958 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,706 
1,858 
Shareholders' funds
9,806 
1,958 
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 6 November 2024 and were signed on its behalf by
S.C. Jones Director Company Registration No. 8937421
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BrightSparks 4Kids Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
BrightSparks 4Kids Limited is a private company, limited by shares, registered in England and Wales, registration number 8937421. The registered office is 11 Princes Close, Garden Village, Wrexham, LL11 2TT.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance basis
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
6,964 
At 31 March 2024
6,964 
Depreciation
At 1 April 2023
5,214 
Charge for the year
437 
At 31 March 2024
5,651 
Net book value
At 31 March 2024
1,313 
At 31 March 2023
1,750 
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BrightSparks 4Kids Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,467 
8,385 
Accrued income and prepayments
708 
631 
17,175 
9,016 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,090 
4,594 
Trade creditors
- 
303 
Taxes and social security
8,766 
3,347 
Other creditors
2,966 
575 
Loans from directors
79,595 
62,534 
Accruals
897 
750 
98,314 
72,103 
The company continues to trade with the goodwill of the director who is the main creditor.
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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