The Small Business Bureau Limited - Filleted accounts

The Small Business Bureau Limited - Filleted accounts

THE SMALL BUSINESS BUREAU LIMITED - Company Information

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Registered number
02308101
The Small Business Bureau Limited
(Limited by Guarantee)
Unaudited Filleted Accounts
31 March 2017
The Small Business Bureau Limited
(Limited by Guarantee)
Registered number: 02308101
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Property, plant and equipment 3 465 920
Current assets
Debtors 4 2,626 19,267
Cash at bank and in hand 28,417 21,115
31,043 40,382
Creditors: amounts falling due within one year 5 (4,742) (6,310)
Net current assets 26,301 34,072
Net assets 26,766 34,992
Capital and reserves
Profit and loss account 26,766 34,992
Shareholder's funds 26,766 34,992
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John J May FCA
Director
Approved by the board on 18 October 2017
The Small Business Bureau Limited
(Limited by Guarantee)
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
This is the first year in which the financial statements have been prepared under FRS 102 Section 1A, having been prepared under the Financial Reporting Standard for Smaller Entities (effective January 2015) in 2016. There were no adjustments on transition.
Turnover
Turnover represents income received on ordinary activities excluding Value Added Tax.
Income from subscriptions and general donations is accounted for when received.
Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: -
Plant and equipment 20% on cost
Fixtures, fittings and equipment 20% on cost
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Pensions
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company 1 2
3 Property, plant and equipment
Plant and equipment Fixtures, fittings and office equipment Total
£ £ £
Cost
At 1 April 2016 1,281 8,546 9,827
At 31 March 2017 1,281 8,546 9,827
Depreciation
At 1 April 2016 1,281 7,626 8,907
Charge for the year - 455 455
At 31 March 2017 1,281 8,081 9,362
Net book value
At 31 March 2017 - 465 465
At 31 March 2016 - 920 920
4 Debtors 2017 2016
£ £
Trade debtors 2,626 18,322
Other debtors - 945
2,626 19,267
5 Creditors: amounts falling due within one year 2017 2016
£ £
Taxation and social security costs 1,637 3,521
Other creditors 3,105 2,789
4,742 6,310
6 Related party transactions
There were no material related party transactions requiring disclosure during the year.
7 Controlling party
As the company is limited by guarantee, with no share capital, there is no controlling party.
8 Other information
The Small Business Bureau Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
Curzon House
Church Road
Windlesham
Surrey
GU20 6BH
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