Registered number
06361488
Sharedserviceslink.com Ltd
Filleted Accounts
31 March 2023
Sharedserviceslink.com Ltd
Registered number: 06361488
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 83,417 84,783
Tangible assets 4 14,911 10,847
98,328 95,630
Current assets
Debtors 5 126,476 73,850
Cash at bank and in hand 336,897 417,436
463,373 491,286
Creditors: amounts falling due within one year 6 (284,518) (354,398)
Net current assets 178,855 136,888
Net assets 277,183 232,518
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 267,183 222,518
Shareholder's funds 277,183 232,518
Number Number
Average number of employees 7 7
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Miss. Susannah Kate West
Director
Approved by the board on 22 December 2023
Sharedserviceslink.com Ltd
Notes to the Accounts
for the year ended 31 March 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Development cost 20% Reducing balance
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 25% 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.
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 7 7
3 Intangible fixed assets Website costs Development costs Total
£ £ £
Cost
At 1 April 2022 11,638 187,073 198,711
Additions 2,206 - 2,206
At 31 March 2023 13,844 187,073 200,917
Amortisation
At 1 April 2022 7,764 106,164 113,928
Provided during the year 2,672 900 3,572
At 31 March 2023 10,436 107,064 117,500
Net book value
At 31 March 2023 3,408 80,009 83,417
At 31 March 2022 3,874 80,909 84,783
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 86,885
Additions 9,035
At 31 March 2023 95,920
Depreciation
At 1 April 2022 76,038
Charge for the year 4,971
At 31 March 2023 81,009
Net book value
At 31 March 2023 14,911
At 31 March 2022 10,847
5 Debtors 2023 2022
£ £
Trade debtors 126,476 73,850
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 83,595 109,355
Other creditors 200,923 245,043
284,518 354,398
7 Other information
Sharedserviceslink.com Ltd is a private company limited by shares and incorporated in England. Its registered office is:
27 St. Mary's Gardens
London
United Kingdom
SE11 4UD
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