Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mrs J T Harrison 07/05/2010 Mr R S Harrison 07/05/2010 28 November 2023 The principal activity of the company is business and management consultancy. 07236763 2023-04-30 07236763 bus:Director1 2023-04-30 07236763 bus:Director2 2023-04-30 07236763 2022-04-30 07236763 core:CurrentFinancialInstruments 2023-04-30 07236763 core:CurrentFinancialInstruments 2022-04-30 07236763 core:ShareCapital 2023-04-30 07236763 core:ShareCapital 2022-04-30 07236763 core:RetainedEarningsAccumulatedLosses 2023-04-30 07236763 core:RetainedEarningsAccumulatedLosses 2022-04-30 07236763 core:OfficeEquipment 2022-04-30 07236763 core:OfficeEquipment 2023-04-30 07236763 bus:OrdinaryShareClass1 2023-04-30 07236763 2022-05-01 2023-04-30 07236763 bus:FullAccounts 2022-05-01 2023-04-30 07236763 bus:SmallEntities 2022-05-01 2023-04-30 07236763 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 07236763 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 07236763 bus:Director1 2022-05-01 2023-04-30 07236763 bus:Director2 2022-05-01 2023-04-30 07236763 core:OfficeEquipment core:TopRangeValue 2022-05-01 2023-04-30 07236763 2021-05-01 2022-04-30 07236763 core:OfficeEquipment 2022-05-01 2023-04-30 07236763 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 07236763 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07236763 (England and Wales)

THE SALES TRANSFORMATION PARTNERSHIP LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

THE SALES TRANSFORMATION PARTNERSHIP LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

THE SALES TRANSFORMATION PARTNERSHIP LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2023
THE SALES TRANSFORMATION PARTNERSHIP LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTORS Mrs J T Harrison
Mr R S Harrison
REGISTERED OFFICE Ground Floor Blackbrook Gate 1
Blackbrook Business Park
Taunton
TA1 2PX
United Kingdom
COMPANY NUMBER 07236763 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
THE SALES TRANSFORMATION PARTNERSHIP LIMITED

BALANCE SHEET

As at 30 April 2023
THE SALES TRANSFORMATION PARTNERSHIP LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 0 47
0 47
Current assets
Debtors 4 925 4,513
Cash at bank and in hand 8,934 17,780
9,859 22,293
Creditors: amounts falling due within one year 5 ( 7,877) ( 19,267)
Net current assets 1,982 3,026
Total assets less current liabilities 1,982 3,073
Net assets 1,982 3,073
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 1,882 2,973
Total shareholders' funds 1,982 3,073

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Sales Transformation Partnership Limited (registered number: 07236763) were approved and authorised for issue by the Board of Directors on 28 November 2023. They were signed on its behalf by:

Mrs J T Harrison
Director
Mr R S Harrison
Director
THE SALES TRANSFORMATION PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
THE SALES TRANSFORMATION PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Sales Transformation Partnership Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In light of the current economic situation, both in the UK and globally, impacted by rising energy costs, inflation and general cost of living increases, the directors have given consideration to the impact of these issues on the operations and financial position of the company, as well as upon customers and suppliers. The directors are satisfied that, having considered no less than 12 months from the date of approval of the financial statements, the issues identified do not present a significant risk to the going concern basis of the company and, therefore, the going concern basis of preparation remains appropriate.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured:
it is probable that future economic benefits will flow to the entity:
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight line basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 May 2022 4,197 4,197
At 30 April 2023 4,197 4,197
Accumulated depreciation
At 01 May 2022 4,150 4,150
Charge for the financial year 47 47
At 30 April 2023 4,197 4,197
Net book value
At 30 April 2023 0 0
At 30 April 2022 47 47

4. Debtors

2023 2022
£ £
Trade debtors 925 3,836
Amounts owed by directors 0 677
925 4,513

5. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals and deferred income 2,950 9,915
Corporation tax 2,323 4,939
Other taxation and social security 2,604 4,413
7,877 19,267

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Director A 0 (339)
Director B 0 (338)

No advances were made to the directors in the year to 30 April 2023. Repayments of £339 and £338 were made by Director A and Director B respectively during the year. The amount owing to the company at 30 April 2023 was nil. The loans are interest free and repayable on demand.