Small Business Lending Services Limited Filleted accounts for Companies House (small and micro)

SMALL BUSINESS LENDING SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04948913

Small Business Lending Services Limited

Filleted Unaudited Financial Statements

31 March 2022

Small Business Lending Services Limited

Financial Statements

Year ended 31 March 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Small Business Lending Services Limited

Statement of Financial Position

31 March 2022

	2022	2021
Note	£	£

Current assets

Debtors	6	358,535	358,535
Cash at bank and in hand		97,398	99,163
		---------	---------
		455,933	457,698

Creditors: amounts falling due within one year	7	405,423	405,423
		---------	---------
Net current assets		50,510	52,275
		--------	--------
Total assets less current liabilities		50,510	52,275
		--------	--------
Net assets		50,510	52,275
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	50,509	52,274
	--------	--------
Shareholders funds	50,510	52,275
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 December 2022 , and are signed on behalf of the board by:

Mr S H Parfitt
Director

Company registration number: 04948913

Small Business Lending Services Limited

Notes to the Financial Statements

Year ended 31 March 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Devonshire Gardens, London, W4 3TN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	33% straight line

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2021: 1).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2021 and 31 March 2022	3,920	1,646	5,566
	-------	-------	-------
Depreciation
At 1 April 2021 and 31 March 2022	3,920	1,646	5,566
	-------	-------	-------
Carrying amount
At 31 March 2022	–	–	–
	-------	-------	-------
At 31 March 2021	–	–	–
	-------	-------	-------

6. Debtors

	2022	2021
	£	£
Other debtors	358,535	358,535
	---------	---------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Other creditors	405,423	405,423
	---------	---------

8. Related party transactions

At the year end the company owed the director £18,108 (2021: £18,108). At the year end the company owed £376,035 (2021: £376,035) to and was owed £358,212 (2021: £358,212) by entities associated by virtue of common control.