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Company Registration No. 09992774 (England and Wales)
Small Business Britain Ltd Unaudited accounts for the year ended 31 December 2024
Small Business Britain Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Small Business Britain Ltd Company Information for the year ended 31 December 2024
Director
Michelle Ovens CBE
Company Number
09992774 (England and Wales)
Registered Office
7 Shuttleworth Close Wallingford OX10 8FS United Kingdom
Accountants
Yukimi Rabnott FCPFA for and on behalf of On The Spot Trading Name of Carson Rabnott Limited EC2Y 8BY
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Small Business Britain Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,879 
4,160 
Current assets
Debtors
5
586,697 
140,605 
Cash at bank and in hand
82,123 
196,635 
668,820 
337,240 
Creditors: amounts falling due within one year
6
(476,057)
(349,457)
Net current assets/(liabilities)
192,763 
(12,217)
Total assets less current liabilities
199,642 
(8,057)
Creditors: amounts falling due after more than one year
7
(88,306)
(74,974)
Net assets/(liabilities)
111,336 
(83,031)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
111,335 
(83,032)
Shareholders' funds
111,336 
(83,031)
For the year ending 31 December 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 30 September 2025 and were signed on its behalf by
Michelle Ovens CBE Director Company Registration No. 09992774
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Small Business Britain Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Small Business Britain Ltd is a private company, limited by shares, registered in England and Wales, registration number 09992774. The registered office is 7 Shuttleworth Close, Wallingford, OX10 8FS, United Kingdom.
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.
Revenue
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services. Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
Pension costs
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension costs charge represents contributions payable for the period by the company to the fund.
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:
Plant & machinery
three years straight line
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Small Business Britain Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
13,533 
Additions
7,083 
At 31 December 2024
20,616 
Depreciation
At 1 January 2024
9,373 
Charge for the year
4,261 
Surplus on revaluation
103 
At 31 December 2024
13,737 
Net book value
At 31 December 2024
6,879 
At 31 December 2023
4,160 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(8,000)
(87,564)
Accrued income and prepayments
308,379 
50,860 
Other debtors
276,180 
171,559 
576,559 
134,855 
Amounts falling due after more than one year
Other debtors
10,138 
5,750 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
57,621 
42,165 
Trade creditors
138,225 
171,972 
Amounts owed to group undertakings and other participating interests
21,505 
- 
Taxes and social security
201,239 
158,742 
Other creditors
5,423 
(24,874)
Accruals
52,044 
1,452 
476,057 
349,457 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
88,306 
74,974 
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Small Business Britain Ltd Notes to the Accounts for the year ended 31 December 2024
8
Transactions with related parties
The amounts owed to the company's connected company, Small is Big CIC, are shown in creditors and are payable on demand. No interest is charged. The amounts owed by the directors £258,639 are included within other debtors. Interest of 2.25% has been charged. Small Business Britain Ltd charges its connected company Small is Big CIC Ltd in respect of staffing costs. The charges for 2024 amounted to £350,000 (2023: £210,000).
9
Average number of employees
During the year the average number of employees was 9 (2023: 8).
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