Registered number
03325840
STREATHAM ACCOMMODATION BUREAU LIMITED
Filleted Accounts
31 May 2023
STREATHAM ACCOMMODATION BUREAU LIMITED
Registered number: 03325840
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 173,334 186,667
Tangible assets 4 11,094 13,013
184,428 199,680
Current assets
Debtors 5 116,069 108,975
Cash at bank and in hand 118,997 69,251
235,066 178,226
Creditors: amounts falling due within one year 6 (401,329) (360,742)
Net current liabilities (166,263) (182,516)
Net assets 18,165 17,164
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 16,165 15,164
Shareholder's funds 18,165 17,164
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr E. Graham
Director
Approved by the board on 8 February 2024
STREATHAM ACCOMMODATION BUREAU LIMITED
Notes to the Accounts
for the year ended 31 May 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 feew receivable.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Leasehold land and buildings 10% on reducing balance
Motor vehicles 25% on reducing balance
Fixtures, fittings, tools and equipment 15% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2022 243,000
At 31 May 2023 243,000
Amortisation
At 1 June 2022 56,333
Provided during the year 13,333
At 31 May 2023 69,666
Net book value
At 31 May 2023 173,334
At 31 May 2022 186,667
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Fixture, fittings & equipmnet Motor vehicles Total
£ £ £ £
Cost
At 1 June 2022 7,334 193,511 12,360 213,205
At 31 May 2023 7,334 193,511 12,360 213,205
Depreciation
At 1 June 2022 6,351 181,519 12,322 200,192
Charge for the year 110 1,799 10 1,919
At 31 May 2023 6,461 183,318 12,332 202,111
Net book value
At 31 May 2023 873 10,193 28 11,094
At 31 May 2022 983 11,992 38 13,013
5 Debtors 2023 2022
£ £
Trade debtors 72,579 86,911
Other debtors 43,490 22,064
116,069 108,975
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 38,524
Trade creditors 18,943 7,180
Amounts owed to associated companies 250,399 220,399
Taxation and social security costs 15,531 16,314
Other creditors 116,456 78,325
401,329 360,742
7 Other information
STREATHAM ACCOMMODATION BUREAU LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
159 Streatham High Road
London
SW16 6EG
STREATHAM ACCOMMODATION BUREAU LIMITED 03325840 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 Mr E. Graham No description of principal activity 03325840 2021-06-01 2022-05-31 03325840 core:WithinOneYear 2022-05-31 03325840 core:ShareCapital 2022-05-31 03325840 core:RetainedEarningsAccumulatedLosses 2022-05-31 03325840 2022-06-01 2023-05-31 03325840 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 03325840 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 03325840 bus:Director40 2022-06-01 2023-05-31 03325840 1 2022-06-01 2023-05-31 03325840 2 2022-06-01 2023-05-31 03325840 core:Goodwill 2022-06-01 2023-05-31 03325840 core:LandBuildings 2022-06-01 2023-05-31 03325840 core:PlantMachinery 2022-06-01 2023-05-31 03325840 core:Vehicles 2022-06-01 2023-05-31 03325840 countries:England 2022-06-01 2023-05-31 03325840 bus:FRS102 2022-06-01 2023-05-31 03325840 bus:FullAccounts 2022-06-01 2023-05-31 03325840 2023-05-31 03325840 core:WithinOneYear 2023-05-31 03325840 core:ShareCapital 2023-05-31 03325840 core:RetainedEarningsAccumulatedLosses 2023-05-31 03325840 core:Goodwill 2023-05-31 03325840 core:LandBuildings 2023-05-31 03325840 core:PlantMachinery 2023-05-31 03325840 core:Vehicles 2023-05-31 03325840 2022-05-31 03325840 core:Goodwill 2022-05-31 03325840 core:LandBuildings 2022-05-31 03325840 core:PlantMachinery 2022-05-31 03325840 core:Vehicles 2022-05-31 iso4217:GBP xbrli:pure