Company Registration No. NI059284 (Northern Ireland)
The Small Business Service Limited
Unaudited accounts
for the year ended 31 May 2024
The Small Business Service Limited
Unaudited accounts
Contents
The Small Business Service Limited
Company Information
for the year ended 31 May 2024
Company Number
NI059284 (Northern Ireland)
Registered Office
444 Ravenhill Road
Belfast
BT6 0BU
The Small Business Service Limited
Statement of financial position
as at 31 May 2024
Tangible assets
23,853
27,540
Cash at bank and in hand
14,447
2,660
Creditors: amounts falling due within one year
(54,251)
(15,993)
Net current assets
31,382
51,921
Total assets less current liabilities
55,235
79,461
Creditors: amounts falling due after more than one year
(22,299)
(24,331)
Called up share capital
2
2
Profit and loss account
32,934
55,128
Shareholders' funds
32,936
55,130
For the year ending 31 May 2024 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 her 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 18 September 2024 and were signed on its behalf by
Patrina Quigg
Director
Company Registration No. NI059284
The Small Business Service Limited
Notes to the Accounts
for the year ended 31 May 2024
The Small Business Service Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI059284. The registered office is 444 Ravenhill Road, Belfast, BT6 0BU.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
33% Straight Line
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
32,400
4,335
6,829
43,564
At 31 May 2024
32,400
4,335
7,495
44,230
At 1 June 2023
4,860
4,335
6,829
16,024
Charge for the year
4,131
-
222
4,353
At 31 May 2024
8,991
4,335
7,051
20,377
At 31 May 2024
23,409
-
444
23,853
At 31 May 2023
27,540
-
-
27,540
The Small Business Service Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Investments held as current assets
2024
2023
Unlisted investments
63,000
63,000
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
21,539
25,281
Taxes and social security
5,192
7,238
Loans from directors
287
(49,811)
Deferred income
18,763
27,831
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).