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COMPANY REGISTRATION NUMBER: 10078885
St Georges Services Ltd
Filleted Unaudited Financial Statements
31 March 2023
St Georges Services Ltd
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Current assets
Debtors
5
383,931
482,731
Cash at bank and in hand
112,934
279,421
---------
---------
496,865
762,152
Creditors: amounts falling due within one year
6
429,898
684,420
---------
---------
Net current assets
66,967
77,732
--------
--------
Total assets less current liabilities
66,967
77,732
Creditors: amounts falling due after more than one year
7
22,729
32,435
--------
--------
Net assets
44,238
45,297
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
44,237
45,296
--------
--------
Shareholders funds
44,238
45,297
--------
--------
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 comprehensive income has not been delivered.
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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
St Georges Services Ltd
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 25 October 2023 , and are signed on behalf of the board by:
Mr Y Natha
Director
Company registration number: 10078885
St Georges Services Ltd
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Haslam House, 105 Chorley Old Road, Bolton, BL1 3AS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, Small Entities of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may crystallise.
Government grants
Government grants are recognised at the fair value of the asset received or receivable.
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2022: 10 ).
5. Debtors
2023
2022
£
£
Other debtors
383,931
482,731
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
9,660
9,660
Trade creditors
407,595
643,255
Corporation tax
10,123
10,374
Other creditors
2,520
21,131
---------
---------
429,898
684,420
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
22,729
32,435
--------
--------
8. Director's advances, credits and guarantees
At 31 March 2023, company owed £1,200 (2022: £73,800 - debtor) to the director.
9. Controlling party
St Georges Services Ltd is a 100% subsidiary of St Georges Group Ltd. The ultimate controlling party is New River Group Ltd, company number 12505602, registered office Caroline House, 125 Bradshawgate, Bolton, BL2 1BJ.