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Company Registration No. 07935027 (England and Wales)
Shared Business Services Limited Unaudited accounts for the year ended 29 February 2024
Shared Business Services Limited Unaudited accounts Contents
Page
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Shared Business Services Limited Company Information for the year ended 29 February 2024
Director
Peter Matheson
Company Number
07935027 (England and Wales)
Registered Office
43A CHARLES STREET EPPING ESSEX CM16 7AU
Accountants
Shared Business Services Ltd t/a Accounts4all 43a Charles Street Epping Essex CM16 7AU
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Shared Business Services Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,651 
3,314 
Current assets
Debtors
6,933 
8,721 
Cash at bank and in hand
17,793 
10,080 
24,726 
18,801 
Creditors: amounts falling due within one year
(8,182)
(8,021)
Net current assets
16,544 
10,780 
Net assets
19,195 
14,094 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
19,185 
14,084 
Shareholders' funds
19,195 
14,094 
For the year ending 29 February 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 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 25 November 2024 and were signed on its behalf by
Peter Matheson Director Company Registration No. 07935027
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Shared Business Services Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Shared Business Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07935027. The registered office is 43A CHARLES STREET, EPPING, ESSEX, CM16 7AU.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: 20% reducing balance method
Computer equipment
20% reducing balance method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
684 
4,610 
5,294 
At 29 February 2024
684 
4,610 
5,294 
Depreciation
At 1 March 2023
103 
1,877 
1,980 
Charge for the year
116 
547 
663 
At 29 February 2024
219 
2,424 
2,643 
Net book value
At 29 February 2024
465 
2,186 
2,651 
At 28 February 2023
581 
2,733 
3,314 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,933 
8,721 
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Shared Business Services Limited Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,636 
4,492 
Trade creditors
425 
367 
Taxes and social security
3,748 
2,562 
Other creditors
373 
600 
8,182 
8,021 
7
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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