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Company Registration No. NI059284 (Northern Ireland)
The Small Business Service Limited Unaudited accounts for the year ended 31 May 2023
The Small Business Service Limited Unaudited accounts Contents
Page
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The Small Business Service Limited Company Information for the year ended 31 May 2023
Director
Patrina Quigg
Secretary
Sean Quigg
Company Number
NI059284 (Northern Ireland)
Registered Office
444 Ravenhill Road Belfast BT6 0BU
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The Small Business Service Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,540 
20,878 
Current assets
Debtors
2,254 
35,543 
Investments
63,000 
63,000 
Cash at bank and in hand
2,660 
31,208 
67,914 
129,751 
Creditors: amounts falling due within one year
(15,993)
(62,652)
Net current assets
51,921 
67,099 
Total assets less current liabilities
79,461 
87,977 
Creditors: amounts falling due after more than one year
(24,331)
(23,950)
Net assets
55,130 
64,027 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
55,128 
64,025 
Shareholders' funds
55,130 
64,027 
For the year ending 31 May 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 her 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 1 October 2023 and were signed on its behalf by
Patrina Quigg Director Company Registration No. NI059284
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The Small Business Service Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
The Small Business Service Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI059284. The registered office is 444 Ravenhill Road, Belfast, BT6 0BU.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight Line
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
24,562 
4,335 
6,829 
35,726 
Additions
32,400 
- 
- 
32,400 
Disposals
(24,562)
- 
- 
(24,562)
At 31 May 2023
32,400 
4,335 
6,829 
43,564 
Depreciation
At 1 June 2022
3,684 
4,335 
6,829 
14,848 
Charge for the year
4,860 
- 
- 
4,860 
On disposals
(3,684)
- 
- 
(3,684)
At 31 May 2023
4,860 
4,335 
6,829 
16,024 
Net book value
At 31 May 2023
27,540 
- 
- 
27,540 
At 31 May 2022
20,878 
- 
- 
20,878 
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The Small Business Service Limited Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,254 
2,008 
Other debtors
- 
33,535 
2,254 
35,543 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
63,000 
63,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,040 
5,335 
Obligations under finance leases and hire purchase contracts
25,281 
18,337 
Trade creditors
169 
120 
Taxes and social security
7,238 
7,494 
Proposed dividends
- 
10,000 
Loans from directors
(49,811)
- 
Accruals
1,245 
1,272 
Deferred income
27,831 
20,094 
15,993 
62,652 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,331 
23,950 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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