Car Won't Start

Hi All,
Just a bit of a drama. Yesterday morning I took my wife's car to work, so started MR2, & drove it into garage for the day.This evening when I came to swap cars over, tried to start MR2, cranked over & caught for about 1 rev & stopped.
Tried to start again. Cranks over fine, smells a bit of fuel, but won't fire at all. Suspect something in ignition.
No HT Leads dropped off or simple stuff like that. Fuses in Engine Bay Fuse Box o.k.
1996, Mk 3, SW20, NA, Bathurst.
Any thoughts or pointers ?
Has been pretty wet here over last couple of weeks & MR2 stays outside most of the time & is driven daily.
Thanks a lot in advance.

Hi Again,
Thanks track_mr2, your response is appreciated.
This happened Monday night, so I went to work in wife's car again on Tuesday, & rang RAC for roadside assistance.
We are members, & probably average well less than one call a year, so figured why not.
When the patrolman arrived, I spoke to him on the 'phone to tell him about the problem.
His immediate response was, you have flooded it.
Because of starting & only running it for less than a minute to drive it into the garage from the driveway, & then later trying to start again.
Sure enough when I got home in the evening my wife said that was it, & it was fixed.
I haven't flooded an engine in many years, & don't know what the RAC man did to fix it.
Maybe he did nothing, because the fuel had already vapourised since my trying to start the night before.
I will google to see what I can find.
I was surprised, I thought something had died.

The simplest thing to do if you think it might be flooded is to keep your foot flat on the accelerator while cranking.  This will give it more air to the already rich mixture and will have more chance of starting.
 
I recently changed my ECU to a Delco.  One nice feature is if I have my foot down more than 90% while cranking it won't add extra unwanted fuel to an engine that is already flooded.
 
Its likely your Toyota ECU has the same option.