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Company Registration No. 12630601 (England and Wales)
Straightline People LTD Unaudited accounts for the year ended 31 March 2023
Straightline People LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Straightline People LTD Company Information for the year ended 31 March 2023
Director
Michael Hicks
Company Number
12630601 (England and Wales)
Registered Office
2 Bernwood Road Bicester England OX26 6RS England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Straightline People LTD Accountants' report
Accountants' report to the director of Straightline People LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Straightline People LTD for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Straightline People LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Straightline People LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Straightline People LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Straightline People LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Straightline People LTD. You consider that Straightline People LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Straightline People LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 7 July 2023
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Straightline People LTD Statement of financial position as at 31 March 2023
2023
2022
Notes
£
£
Fixed assets
Intangible assets
4
4,310
4,405
Current assets
Debtors
5
7,903
40,021
Cash at bank and in hand
11,633
22,525
19,536
62,546
Creditors: amounts falling due within one year
6
(60,281)
(82,150)
Net current liabilities
(40,745)
(19,604)
Net liabilities
(36,435)
(15,199)
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
(36,436)
(15,200)
Shareholders' funds
(36,435)
(15,199)
For the year ending 31 March 2023 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 7 July 2023 and were signed on its behalf by
Michael Hicks Director Company Registration No. 12630601
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Straightline People LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Straightline People LTD is a private company, limited by shares, registered in England and Wales, registration number 12630601. The registered office is 2 Bernwood Road, Bicester, England, OX26 6RS, 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 10% straight line method
4
Intangible fixed assets
Other
£
Cost
At 1 April 2022
4,500
At 31 March 2023
4,500
Amortisation
At 1 April 2022
95
Charge for the year
95
At 31 March 2023
190
Net book value
At 31 March 2023
4,310
At 31 March 2022
4,405
5
Debtors
2023
2022
£
£
Amounts falling due within one year
Trade debtors
-
29,700
Other debtors
7,903
10,321
7,903
40,021
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Straightline People LTD Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
£
£
VAT
19,006
22,091
Trade creditors
-
4,686
Loans from directors
38,416
52,512
Accruals
2,859
2,861
60,281
82,150
7
Share capital
2023
2022
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Michael Hicks
Director Loan Account
(52,512)
31,107
17,011
(38,416)
(52,512)
31,107
17,011
(38,416)
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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