Registered number
09453299
Successful Bid Writing Ltd
Unaudited Filleted Accounts
28 February 2023
Successful Bid Writing Ltd
Registered number: 09453299
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,550 14,998
Current assets
Work in progress 1,485 -
Debtors 4 15,674 5,302
Cash at bank and in hand 21,611 18,623
38,770 23,925
Creditors: amounts falling due within one year 5 (27,233) (13,261)
Net current assets 11,537 10,664
Total assets less current liabilities 26,087 25,662
Creditors: amounts falling due after more than one year 6 (7,411) (10,738)
Provisions for liabilities (931) (755)
Net assets 17,745 14,169
Capital and reserves
Called up share capital 1 1
Profit and loss account 17,744 14,168
Shareholder's funds 17,745 14,169
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Samantha Bird
Director
Approved by the board on 1 November 2023
Successful Bid Writing Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment over 4 years
Garden office building over 10 years
Work in progress
Work in progress are works underway at the yearend but not completed. Work in progress is valued at full contract price multiplied by the percentage of work completed at the yearend.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2022 15,528 4,782 20,310
Additions 1,855 822 2,677
At 28 February 2023 17,383 5,604 22,987
Depreciation
At 1 March 2022 3,052 2,260 5,312
Charge for the year 1,739 1,386 3,125
At 28 February 2023 4,791 3,646 8,437
Net book value
At 28 February 2023 12,592 1,958 14,550
At 28 February 2022 12,476 2,522 14,998
4 Debtors 2023 2022
£ £
Trade debtors 15,361 4,800
Other debtors 313 502
15,674 5,302
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,475 3,264
Trade creditors 162 144
Taxation and social security costs 17,949 9,090
Other creditors 5,647 763
27,233 13,261
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,411 10,738
7 Transactions with director
During the year company director, Samantha Bird, used a current account with the company to record amounts due to her and amounts drawn by her. The account shows an amount owed back to Samantha Bird as Director at 28th February 2022 of £5646.20 (2022:£763.16). The amount is repayable on demand and carries interest.
8 Controlling party
Samantha Bird is the sole director and shareholder, she is therefore the ultimate controlling party.
9 Other information
Successful Bid Writing Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
43 Maes Y Llarwydd
Abergavenny
Gwent
NP7 5LQ
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