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Company Registration No. 08644537 (England and Wales)
Unlockstaffpotential Ltd Unaudited accounts for the year ended 31 July 2023
Unlockstaffpotential Ltd Unaudited accounts Contents
Page
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Unlockstaffpotential Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
288 
451 
Current assets
Debtors
6,355 
1,500 
Cash at bank and in hand
91,494 
49,262 
97,849 
50,762 
Creditors: amounts falling due within one year
(8,031)
(14,298)
Net current assets
89,818 
36,464 
Total assets less current liabilities
90,106 
36,915 
Provisions for liabilities
Deferred tax
(85)
(85)
Net assets
90,021 
36,830 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
90,019 
36,828 
Shareholders' funds
90,021 
36,830 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2023 and were signed on its behalf by
G Jones Director Company Registration No. 08644537
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Unlockstaffpotential Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Unlockstaffpotential Ltd is a private company, limited by shares, registered in England and Wales, registration number 08644537. The registered office is Tinkers Cottage, Tinkers Lane, Hadleigh, Suffolk, IP7 5NG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Unlockstaffpotential Ltd Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 August 2022
5,481 
At 31 July 2023
5,481 
Depreciation
At 1 August 2022
5,030 
Charge for the year
163 
At 31 July 2023
5,193 
Net book value
At 31 July 2023
288 
At 31 July 2022
451 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,355 
1,500 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
6,122 
12,085 
Other creditors
740 
648 
Loans from directors
1,169 
1,565 
8,031 
14,298 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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