Slough Trading Estate Business Watch Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02972951 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

SLOUGH TRADING ESTATE BUSINESS WATCH

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N I Hamilton

N Cahuac

J Clark

SECRETARY:

J J Mclaughlin

REGISTERED OFFICE:

172 Buckingham Avenue

Slough

Berkshire

SL1 4RD

REGISTERED NUMBER:

02972951 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

19,723

22,103

CURRENT ASSETS

Debtors

5

44,697

39,522

Cash at bank

48,810

3,999

93,507

43,521

CREDITORS

Amounts falling due within one year

6

59,670

39,927

NET CURRENT ASSETS

33,837

3,594

TOTAL ASSETS LESS CURRENT LIABILITIES

53,560

25,697

RESERVES

Income and expenditure account

53,560

25,697

53,560

25,697

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 5 September 2023 and were signed on its behalf by:

J Clark - Director

1.	STATUTORY INFORMATION

Slough Trading Estate Business Watch Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The trading address of the company is 172 Buckingham Avenue, Slough, SL1 4RD.

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 represents income from members' subscriptions, CCTV services, and consultancy fees.

Subscription and CCTV services are recognised on a time basis over the period covered. Consultancy fees are recognised on provision of the service.

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 etc

-

33% on cost and 20% on cost

During the year ended 31 December 2020, the directors reviewed the company's policy of writing-off the cost of CCTV equipment in the year of acquisition. Due to the durability of such equipment it was decided that a more appropriate treatment would be to capitalise the costs and depreciate them over a 5 year period on a straight line basis.

The directors do not believe it is practical to quantify the current value of CCTV equipment that has been acquired in earlier periods and written off to Profit and loss account due to the timeframe concerned, the number of assets involved and the accessibility to the equipment.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments

Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

34,096

Additions

7,345

At 31 December 2022

41,441

DEPRECIATION

At 1 January 2022

11,993

Charge for year

9,725

At 31 December 2022

21,718

NET BOOK VALUE

At 31 December 2022

19,723

At 31 December 2021

22,103

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

14,571

13,206

Other debtors

30,126

26,316

44,697

39,522

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

-

200

Taxation and social security

14,260

1,678

Other creditors and accruals

45,410

38,049

59,670

39,927

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Amy Enslin (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.