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Company No: 04816874 (England and Wales)

ANTHONY GREGG PARTNERSHIP LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

ANTHONY GREGG PARTNERSHIP LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

ANTHONY GREGG PARTNERSHIP LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
ANTHONY GREGG PARTNERSHIP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 3,979 1,096
3,979 1,096
Current assets
Debtors 4 406,341 185,479
Cash at bank and in hand 5 5 152,106
406,346 337,585
Creditors: amounts falling due within one year 6 ( 266,075) ( 215,955)
Net current assets 140,271 121,630
Total assets less current liabilities 144,250 122,726
Creditors: amounts falling due after more than one year 7 ( 1,488) ( 65,010)
Provision for liabilities ( 975) 0
Net assets 141,787 57,716
Capital and reserves
Called-up share capital 8 112 112
Profit and loss account 141,675 57,604
Total shareholders' funds 141,787 57,716

For the financial year ending 31 December 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 Anthony Gregg Partnership Limited (registered number: 04816874) were approved and authorised for issue by the Board of Directors on 13 March 2024. They were signed on its behalf by:

S Gregg
Director
ANTHONY GREGG PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
ANTHONY GREGG PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Anthony Gregg 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 25c Nevern Square, London, SW5 9PD, England, 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

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties 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:

Fixtures and fittings 5 years straight line
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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 4

3. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 January 2023 34,087 88,214 122,301
Additions 0 3,481 3,481
At 31 December 2023 34,087 91,695 125,782
Accumulated depreciation
At 01 January 2023 33,888 87,317 121,205
Charge for the financial year 62 536 598
At 31 December 2023 33,950 87,853 121,803
Net book value
At 31 December 2023 137 3,842 3,979
At 31 December 2022 199 897 1,096

4. Debtors

2023 2022
£ £
Trade debtors 394,428 185,479
Amounts owed by directors 8,907 0
Corporation tax 3,006 0
406,341 185,479

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 5 152,106
Less: Bank overdrafts ( 16,635) 0
(16,630) 152,106

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank overdrafts 16,635 0
Trade creditors 1,834 206
Accruals 2,262 1,709
Taxation and social security 198,333 166,000
Other creditors 47,011 48,040
266,075 215,955

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other loans 1,488 65,010

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
47 Ordinary A shares of £ 1.00 each 47 47
47 Ordinary B shares of £ 1.00 each 47 47
6 Ordinary C shares of £ 1.00 each 6 6
12 Ordinary D shares of £ 1.00 each 12 12
112 112

9. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts owed to directors 8,907 0

Advances were made to the directors during the year totalling £8,907. The amount outstanding at the year end was £8,907.