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COMPANY REGISTRATION NUMBER: 13121728
SOUTHFIELD BLACK COUNTRY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
SOUTHFIELD BLACK COUNTRY LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
£
CURRENT ASSETS
Debtors
4
144,195
140,817
Cash at bank and in hand
306
383
---------
---------
144,501
141,200
CREDITORS: amounts falling due within one year
5
142,896
141,740
---------
---------
NET CURRENT ASSETS/(LIABILITIES)
1,605
( 540)
-------
----
TOTAL ASSETS LESS CURRENT LIABILITIES
1,605
( 540)
-------
----
NET ASSETS/(LIABILITIES)
1,605
( 540)
-------
----
CAPITAL AND RESERVES
Profit and loss account
1,605
( 540)
-------
----
SHAREHOLDERS FUNDS/(DEFICIT)
1,605
( 540)
-------
----
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 income and retained earnings 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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 November 2023 , and are signed on behalf of the board by:
Mr A Cooper
Director
Company registration number: 13121728
SOUTHFIELD BLACK COUNTRY LIMITED
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 Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. DEBTORS
2023
2022
£
£
Other debtors
144,195
140,817
---------
---------
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Corporation tax
376
Other creditors
142,520
141,740
---------
---------
142,896
141,740
---------
---------
6. RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties: The directors have advanced monies to the company. At 31 March 2023 the amount due from the company was £ 141,800 (2022 - £ 141,200 ).