Company registration number 05318564 (England and Wales)
SMB DEVELOPMENTS (ST. NEOTS) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
SMB DEVELOPMENTS (ST. NEOTS) LTD
BALANCE SHEET
- 1 -
2023
2022
£
£
£
£
Current assets
880
1,353
Creditors: amounts falling due within one year
(3,411)
(3,056)
Net current liabilities
(2,531)
(1,703)
Net liabilities
(2,531)
(1,703)
Capital and reserves
(2,531)
(1,703)
SMB DEVELOPMENTS (ST. NEOTS) LTD
BALANCE SHEET (CONTINUED)
- 2 -
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
1
1
2
Going Concern
The financial statements have been prepared on a going concern basis. The director considers the basis to be appropriate despite the fact that the balance sheet shows net liabilities at 31st May 2023. The company is generating sufficient cash flows on a weekly basis together with support of its directors to meet its current liabilities.
Should the company be unable to continue trading, adjustments would have been made to adjust the value of the assets to their recoverable amount, to provide for any further liabilities that might arise.
SMB Developments (St. Neots) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Phoenix House, 2 Phoenix Park, Eaton Socon, St Neots, Cambridgeshire, PE19 8EP.
For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 25 January 2024
Mr S Bygraves
Director
Company Registration Number 05318564