Registered number
08651014
Steven Pollock Ltd
Unaudited Filleted Accounts
31 August 2023
Steven Pollock Ltd
Registered number: 08651014
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 8,827 15,865
Current assets
Cash at bank and in hand 40,000 37,156
Creditors: amounts falling due within one year 4 (7,542) (10,790)
Net current assets 32,458 26,366
Net assets 41,285 42,231
Capital and reserves
Called up share capital 100 100
Profit and loss account 41,185 42,131
Shareholders' funds 41,285 42,231
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
S Pollock
Director
Approved by the board on 8 November 2023
Steven Pollock Ltd
Notes to the Accounts
for the year ended 31 August 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 rendering of services.
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:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 45,009
At 31 August 2023 45,009
Depreciation
At 1 September 2022 29,144
Charge for the year 7,038
At 31 August 2023 36,182
Net book value
At 31 August 2023 8,827
At 31 August 2022 15,865
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 6,413 4,174
Other creditors 1,129 6,616
7,542 10,790
5 Other information
Steven Pollock Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16 The Ridgeway
Harold Wood
Essex
RM3 0DT
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