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REGISTERED NUMBER: 09926025 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SALES CAPABILITY PARTNERS LTD

SALES CAPABILITY PARTNERS LTD (REGISTERED NUMBER: 09926025)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SALES CAPABILITY PARTNERS LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: N McMahon
T McMahon





REGISTERED OFFICE: 17 Queens Lane
Newcastle upon Tyne
NE1 1RN





REGISTERED NUMBER: 09926025 (England and Wales)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Wallace House
Maxwell Place
Stirling
FK8 1JU

SALES CAPABILITY PARTNERS LTD (REGISTERED NUMBER: 09926025)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 208 432

CURRENT ASSETS
Debtors 5 1,287 12,890
Cash at bank 47,158 31,048
48,445 43,938
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

6

18,533

12,732
NET CURRENT ASSETS 29,912 31,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,120

31,638

PROVISIONS FOR LIABILITIES 7 40 82
NET ASSETS 30,080 31,556

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,980 31,456
SHAREHOLDERS' FUNDS 30,080 31,556

SALES CAPABILITY PARTNERS LTD (REGISTERED NUMBER: 09926025)

BALANCE SHEET - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





N McMahon - Director


SALES CAPABILITY PARTNERS LTD (REGISTERED NUMBER: 09926025)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Sales Capability Partners Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable in relation to management consultancy services, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 33% per annum on cost
Computer equipment - 33% per annum on cost

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

SALES CAPABILITY PARTNERS LTD (REGISTERED NUMBER: 09926025)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and
loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SALES CAPABILITY PARTNERS LTD (REGISTERED NUMBER: 09926025)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 770 4,146 4,916
Additions - 250 250
At 31 December 2023 770 4,396 5,166
DEPRECIATION
At 1 January 2023 539 3,945 4,484
Charge for year 231 243 474
At 31 December 2023 770 4,188 4,958
NET BOOK VALUE
At 31 December 2023 - 208 208
At 31 December 2022 231 201 432

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,287 5,285
Other debtors - 7,605
1,287 12,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 87
Taxation and social security 10,075 10,565
Other creditors 8,458 2,080
18,533 12,732

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 40 82

Deferred
tax
£   
Balance at 1 January 2023 82
Credit to Statement of Income and Retained Earnings during year (42 )
Balance at 31 December 2023 40

SALES CAPABILITY PARTNERS LTD (REGISTERED NUMBER: 09926025)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to / (from) directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
N McMahon and T McMahon
Balance outstanding at start of year 7,605 7,060
Amounts advanced 47,987 47,465
Amounts repaid (61,364 ) (46,920 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,772 ) 7,605

Loans are interest free, unsecured and no terms of repayment have been agreed.