Littleborough Business Centre Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08505206 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2023

for

Littleborough Business Centre Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H M Wild

Mrs K A Simpson

SECRETARY:

REGISTERED OFFICE:

The Old Print Works

65 Church Street

Littleborough

Lancashire

OL15 8AB

REGISTERED NUMBER:

08505206 (England and Wales)

ACCOUNTANTS:

Versatile Accountancy Services Ltd

The Old Printworks

65 Church Street

Littleborough

Lancashire

OL15 8AB

FIXED ASSETS

Property, plant and equipment

4

4,466

4,150

CURRENT ASSETS

Debtors

5

21,946

13,578

Cash at bank and in hand

13,199

10,298

35,145

23,876

CREDITORS

Amounts falling due within one year

6

18,159

8,232

NET CURRENT ASSETS

16,986

15,644

TOTAL ASSETS LESS CURRENT LIABILITIES

21,452

19,794

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

21,448

19,790

SHAREHOLDERS' FUNDS

21,452

19,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 30 January 2024 and were signed on its behalf by:

Mrs K A Simpson - Director

1.	STATUTORY INFORMATION

Littleborough Business Centre Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

Revenue 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2022

9,236

5,387

14,623

Additions

204

900

1,104

At 30 April 2023

9,440

6,287

15,727

DEPRECIATION

At 1 May 2022

6,645

3,828

10,473

Charge for year

419

369

788

At 30 April 2023

7,064

4,197

11,261

NET BOOK VALUE

At 30 April 2023

2,376

2,090

4,466

At 30 April 2022

2,591

1,559

4,150

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

1,946

6,598

Other debtors

20,000

6,980

21,946

13,578

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade creditors

1,949

3,874

Tax

315

767

Other creditors

3,895

2,775

Directors' loan accounts

12,000

-

Accrued expenses

-

816

18,159

8,232