Company registration number SC627021 (Scotland)
THE SMALL BUSINESS PRACTICE
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
THE SMALL BUSINESS PRACTICE
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 APRIL 2023
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The director presents his annual report and financial statements for the year ended 30 April 2023.
Principal activities
The principal activity of the company continued to be that of Accountancy
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Mr James Simpson
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.
On behalf of the board
Mr James Simpson
Director
10 October 2023
THE SMALL BUSINESS PRACTICE
BALANCE SHEET
AS AT
30 APRIL 2023
30 April 2023
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2023
2022
£
£
£
£
Fixed assets
190,525
222,480
Current assets
202,452
183,421
Creditors: amounts falling due within one year
(54,892)
(31,257)
Net current assets
147,560
152,164
Total assets less current liabilities
338,085
374,644
Creditors: amounts falling due after more than one year
(46,412)
Net assets
338,085
328,232
Capital and reserves
338,085
328,232
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
7
6
The Small Business Practice is a private company limited by shares incorporated in Scotland. The registered office is 9 Tomnahurich Street, Inverness, IV3 5DA.
For the year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
(e) the company has relied on the specified exemption as a micro company contained in section 352 Companies Act 2014; the company has done so on the grounds that it is entitled to the benefit of that exemption as a small company and I confirm that the abridged financial statements have been properly prepared in accordance with section 353 Companies Act 2014.true
THE SMALL BUSINESS PRACTICE
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2023
30 April 2023
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The financial statements were approved and signed by the director and authorised for issue on 10 October 2023
Mr James Simpson
Director
Company registration number SC627021 (Scotland)