Registered number
07937779
SBA UX Limited
Abbreviated Accounts
28 February 2023
SBA UX Limited
Registered number: 07937779
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,398 3,842
Current assets
Debtors 4 5,685 2,559
Cash at bank and in hand 11,828 15,734
17,513 18,293
Creditors: amounts falling due within one year 5 (20,646) (21,899)
Net current liabilities (3,133) (3,606)
Net assets 1,265 236
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,263 234
Shareholder's funds 1,265 236
The director is 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 director acknowledges his 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.
M P James
Director
Approved by the board on 7 September 2023
SBA UX Limited
Notes to the Accounts
for the year ended 28 February 2023
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings 25% reducing balance basis
Plant and machinery 25% straight basis
Fixtures, fittings, tools and equipment 25% reducing balance basis
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Fixtures and fittings Total
£ £ £ £
Cost
At 1 March 2022 10,550 10,349 728 21,627
Additions - 2,846 - 2,846
At 28 February 2023 10,550 13,195 728 24,473
Depreciation
At 1 March 2022 8,673 8,533 579 17,785
Charge for the year 469 1,783 38 2,290
At 28 February 2023 9,142 10,316 617 20,075
Net book value
At 28 February 2023 1,408 2,879 111 4,398
At 28 February 2022 1,877 1,816 149 3,842
4 Debtors 2023 2022
£ £
Other debtors 5,685 2,559
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 11,886 13,253
Other taxes and social security costs 7,702 7,618
Other creditors 1,058 1,028
20,646 21,899
6 Other information
SBA UX Limited is a private company limited by shares and incorporated in England. Its registered office is:
41 Bilton Road, Benfleet, England, SS7 2HQ
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