2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 43,070 10,768 8,075 18,843 24,227 32,302 251,000 251,000 251,000 xbrli:pure xbrli:shares iso4217:GBP SC364100 2024-01-01 2024-12-31 SC364100 2024-12-31 SC364100 2023-12-31 SC364100 2023-01-01 2023-12-31 SC364100 2023-12-31 SC364100 2022-12-31 SC364100 core:MotorVehicles 2024-01-01 2024-12-31 SC364100 bus:Director1 2024-01-01 2024-12-31 SC364100 core:WithinOneYear 2024-12-31 SC364100 core:WithinOneYear 2023-12-31 SC364100 core:MotorVehicles 2023-12-31 SC364100 core:MotorVehicles 2024-12-31 SC364100 core:ShareCapital 2024-12-31 SC364100 core:ShareCapital 2023-12-31 SC364100 core:CapitalRedemptionReserve 2024-12-31 SC364100 core:CapitalRedemptionReserve 2023-12-31 SC364100 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC364100 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC364100 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 SC364100 core:Non-currentFinancialInstruments 2024-12-31 SC364100 core:Non-currentFinancialInstruments 2023-12-31 SC364100 core:MotorVehicles 2023-12-31 SC364100 bus:SmallEntities 2024-01-01 2024-12-31 SC364100 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC364100 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC364100 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC364100 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: SC364100
Bright Spark Endeavours Limited (formerly Bright Spark Energy Limited)
Filleted Unaudited Financial Statements
31 December 2024
Bright Spark Endeavours Limited (formerly Bright Spark Energy Limited)
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
24,227
32,302
Investments
6
251,000
251,000
---------
---------
275,227
283,302
Current assets
Debtors
7
147,384
2,404
Cash at bank and in hand
1,132,200
1,055,979
------------
------------
1,279,584
1,058,383
Creditors: amounts falling due within one year
8
38,556
54,244
------------
------------
Net current assets
1,241,028
1,004,139
------------
------------
Total assets less current liabilities
1,516,255
1,287,441
Provisions
6,056
8,076
------------
------------
Net assets
1,510,199
1,279,365
------------
------------
Capital and reserves
Called up share capital
400,000
400,000
Capital redemption reserve
20
20
Profit and loss account
1,110,179
879,345
------------
------------
Shareholders funds
1,510,199
1,279,365
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bright Spark Endeavours Limited (formerly Bright Spark Energy Limited)
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 30 April 2025 , and are signed on behalf of the board by:
Mr D Cameron
Director
Company registration number: SC364100
Bright Spark Endeavours Limited (formerly Bright Spark Energy Limited)
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Westertown, Rothienorman, Inverurie, AB51 8US.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Basic financial instruments are initially recognised at the transaction price. The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Motor vehicles
£
Cost
At 1 January 2024 and 31 December 2024
43,070
--------
Depreciation
At 1 January 2024
10,768
Charge for the year
8,075
--------
At 31 December 2024
18,843
--------
Carrying amount
At 31 December 2024
24,227
--------
At 31 December 2023
32,302
--------
6. Investments
Shares in group undertakings
£
Cost
At 1 January 2024 and 31 December 2024
251,000
---------
Impairment
At 1 January 2024 and 31 December 2024
---------
Carrying amount
At 31 December 2024
251,000
---------
At 31 December 2023
251,000
---------
7. Debtors
2024
2023
£
£
Trade debtors
144,000
Prepayments and accrued income
786
744
Corporation tax repayable
938
Other debtors
1,660
1,660
---------
-------
147,384
2,404
---------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
13,693
13,648
Accruals and deferred income
870
780
Corporation tax
14,362
Social security and other taxes
23,993
24,000
Director loan accounts
1,454
--------
--------
38,556
54,244
--------
--------