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REGISTERED NUMBER: 03658573







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SMALL FIRMS SERVICES LIMITED

SMALL FIRMS SERVICES LIMITED (REGISTERED NUMBER: 03658573)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMALL FIRMS SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S N Harris
M D Harris





SECRETARY: M D Harris





REGISTERED OFFICE: Union House
111 New Union Street
Coventry
CV1 2NT





REGISTERED NUMBER: 03658573





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

SMALL FIRMS SERVICES LIMITED (REGISTERED NUMBER: 03658573)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,831 19,832

CURRENT ASSETS
Debtors 5 212,547 160,870
Investments 6 138,711 146,224
Cash at bank and in hand 914,126 983,780
1,265,384 1,290,874
CREDITORS
Amounts falling due within one year 7 662,944 564,750
NET CURRENT ASSETS 602,440 726,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,271

745,956

PROVISIONS FOR LIABILITIES 2,356 -
NET ASSETS 609,915 745,956

CAPITAL AND RESERVES
Called up share capital 99 99
Capital redemption reserve 2 2
Retained earnings 609,814 745,855
SHAREHOLDERS' FUNDS 609,915 745,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SMALL FIRMS SERVICES LIMITED (REGISTERED NUMBER: 03658573)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





M D Harris - Director


SMALL FIRMS SERVICES LIMITED (REGISTERED NUMBER: 03658573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Small Firms Services Limited is a private company, limited by shares, registered in United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SMALL FIRMS SERVICES LIMITED (REGISTERED NUMBER: 03658573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 71,577 4,198 32,280 108,055
Additions - 872 7,160 8,032
At 31 March 2023 71,577 5,070 39,440 116,087
DEPRECIATION
At 1 April 2022 58,775 3,921 25,527 88,223
Charge for year 12,802 195 5,036 18,033
At 31 March 2023 71,577 4,116 30,563 106,256
NET BOOK VALUE
At 31 March 2023 - 954 8,877 9,831
At 31 March 2022 12,802 277 6,753 19,832

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 198,472 143,499
Other debtors 14,075 17,371
212,547 160,870

6. CURRENT ASSET INVESTMENTS

The market value of listed investments at the year end was £138,711.00 (2022 - £146,223.96).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 213,426 272,102
Taxation and social security 433,705 283,745
Other creditors 15,813 8,903
662,944 564,750