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Company Registration No. 07935027 (England and Wales)
Shared Business Services Limited Unaudited accounts for the year ended 28 February 2023
Shared Business Services Limited Unaudited accounts Contents
Page
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Shared Business Services Limited Company Information for the year ended 28 February 2023
Director
Peter Matheson
Company Number
07935027 (England and Wales)
Registered Office
43A CHARLES STREET EPPING ESSEX CM16 7AU
Accountants
Accounts4all 43a Charles Street Epping Essex CM16 7AU
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Shared Business Services Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,314 
2,859 
Current assets
Debtors
8,721 
9,330 
Cash at bank and in hand
10,080 
33,842 
18,801 
43,172 
Creditors: amounts falling due within one year
(8,021)
(27,568)
Net current assets
10,780 
15,604 
Net assets
14,094 
18,463 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
14,084 
18,453 
Shareholders' funds
14,094 
18,463 
For the year ending 28 February 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 8 November 2023 and were signed on its behalf by
Peter Matheson Director Company Registration No. 07935027
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Shared Business Services Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Shared Business Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07935027. The registered office is 43A CHARLES STREET, EPPING, ESSEX, CM16 7AU.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: 20% reducing balance method
Computer equipment
20% reducing balance method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
- 
4,061 
4,061 
Additions
684 
549 
1,233 
At 28 February 2023
684 
4,610 
5,294 
Depreciation
At 1 March 2022
- 
1,202 
1,202 
Charge for the year
103 
675 
778 
At 28 February 2023
103 
1,877 
1,980 
Net book value
At 28 February 2023
581 
2,733 
3,314 
At 28 February 2022
- 
2,859 
2,859 
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Shared Business Services Limited Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,721 
8,780 
Other debtors
- 
550 
8,721 
9,330 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,492 
3,899 
Trade creditors
367 
- 
Taxes and social security
2,562 
2,835 
Other creditors
600 
20,834 
8,021 
27,568 
7
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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