Small Business Payroll Service Limited - Accounts

Small Business Payroll Service Limited - Accounts

SMALL BUSINESS PAYROLL SERVICE LIMITED - Company Information

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Registered Number: 03770538
England & Northern Ireland

 

 

 

SMALL BUSINESS PAYROLL SERVICE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2020

End date: 30 June 2021

Small Business Payroll Service Limited
Contents Page
For the year ended 30 June 2021
Director Andrew Kendal
Registered Number 03770538
Registered Office 2 Earlstrees Court
Corby
Northants
NN17 4AX
Accountants Denton Tavara Ltd
61a High Street South
Rushden
NN10 0RA
1
The directors present their annual report and the financial statements for the year ended 30 June 2021.
Principal activities
Principal activity of the company during the financial year was of provision of payroll services.
Director
The director who served the company throughout the year was as follows:
Andrew Kendal
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Andrew Kendal
Director

Date approved: 01 March 2022
2
Accountants report
You consider that the company is exempt from an audit for the year ended 30 June 2021 . You have acknowledged, on the Statement of Financial Position , your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................
Denton Tavara Ltd
61a High Street South
Rushden
NN10 0RA
01 March 2022
3
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Tangible fixed assets 4 4,813    6,876 
4,813    6,876 
Current assets      
Debtors 5 3,835    3,370 
Cash at bank and in hand 10,016    20,202 
13,851    23,572 
Creditors: amount falling due within one year 6 (49,547)   (60,128)
Net current liabilities (35,696)   (36,556)
 
Total assets less current liabilities (30,883)   (29,680)
Net liabilities (30,883)   (29,680)
 

Capital and reserves 		     
Called up share capital 2    2 
Profit and loss account (30,885)   (29,682)
Shareholder's funds (30,883)   (29,680)
 


For the year ended 30 June 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 01 March 2022 and were signed by:


--------------------------------
Andrew Kendal
Director
4
General Information
Small Business Payroll Service Limited is a private company, limited by shares, registered in England & Northern Ireland, registration number 03770538, registration address 2 Earlstrees Court, Corby, Northants, NN17 4AX

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2020 : 1).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 July 2020 27,200    27,200 
Additions -    - 
Disposals -    - 
At 30 June 2021 27,200    27,200 
Amortisation
At 01 July 2020 27,200    27,200 
Charge for year -    - 
On disposals -    - 
At 30 June 2021 27,200    27,200 
Net book values
At 30 June 2021 -    - 
At 30 June 2020 -    - 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 July 2020 59,415    59,415 
Additions -    - 
Disposals -    - 
At 30 June 2021 59,415    59,415 
Depreciation
At 01 July 2020 52,539    52,539 
Charge for year -    - 
On disposals 2,063    2,063 
At 30 June 2021 54,602    54,602 
Net book values
Closing balance as at 30 June 2021 4,813    4,813 
Opening balance as at 01 July 2020 6,876    6,876 


5.

Debtors: amounts falling due within one year

2021
£		   2020
£
Trade Debtors 3,835    3,370 
3,835    3,370 

6.

Creditors: amount falling due within one year

2021
£		   2020
£
Trade Creditors 9,240    9,840 
PAYE & Social Security 86    67 
Other Creditors 40,221    50,221 
49,547    60,128 

5