REGISTERED NUMBER: 03658573

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SMALL FIRMS SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S N Harris

M D Harris

SECRETARY:

M D Harris

REGISTERED OFFICE:

Union House

111 New Union Street

Coventry

CV1 2NT

REGISTERED NUMBER:

03658573

ACCOUNTANTS:

Prime

Chartered Accountants

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

FIXED ASSETS

Tangible assets

4

16,664

11,841

CURRENT ASSETS

Debtors

5

52,640

166,625

Investments

6

270,899

149,486

Cash at bank and in hand

1,188,707

1,081,989

1,512,246

1,398,100

CREDITORS

Amounts falling due within one year

7

500,735

471,177

NET CURRENT ASSETS

1,011,511

926,923

TOTAL ASSETS LESS CURRENT LIABILITIES

1,028,175

938,764

PROVISIONS FOR LIABILITIES

4,098

2,877

NET ASSETS

1,024,077

935,887

CAPITAL AND RESERVES

Called up share capital

99

99

Capital redemption reserve

2

2

Retained earnings

1,023,976

935,786

SHAREHOLDERS' FUNDS

1,024,077

935,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

M D Harris - Director

1.	STATUTORY INFORMATION

Small Firms Services Limited is a private company, limited by shares, registered in United Kingdom. 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33.33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

71,577

5,375

47,721

124,673

Additions

-

241

12,526

12,767

At 31 March 2025

71,577

5,616

60,247

137,440

DEPRECIATION

At 1 April 2024

71,577

4,385

36,870

112,832

Charge for year

-

433

7,511

7,944

At 31 March 2025

71,577

4,818

44,381

120,776

NET BOOK VALUE

At 31 March 2025

-

798

15,866

16,664

At 31 March 2024

-

990

10,851

11,841

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

51,685

127,481

Other debtors

955

39,144

52,640

166,625

6.	CURRENT ASSET INVESTMENTS

The market value of listed investments at the year end was £270,899 (2024 - £149,486).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

154,881

144,295

Taxation and social security

314,143

310,176

Other creditors

31,711

16,706

500,735

471,177