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Company Registration No. 13715070 (England and Wales)
SBT & SONS LTD Unaudited accounts for the year ended 30 November 2022
SBT & SONS LTD Unaudited accounts Contents
Page
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SBT & SONS LTD Company Information for the year ended 30 November 2022
Directors
Benedict Terry Sarah Terry
Company Number
13715070 (England and Wales)
Registered Office
1 LINFOOT OAKS GREAT ALNE ALCESTER WARKS B49 6RG UNITED KINGDOM
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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SBT & SONS LTD Statement of financial position as at 30 November 2022
2022 
Notes
£ 
Fixed assets
Tangible assets
27,915 
Current assets
Inventories
3,313 
Debtors
7,308 
Cash at bank and in hand
6,603 
17,224 
Creditors: amounts falling due within one year
(24,612)
Net current liabilities
(7,388)
Total assets less current liabilities
20,527 
Creditors: amounts falling due after more than one year
(19,886)
Net assets
641 
Capital and reserves
Profit and loss account
641 
Shareholders' funds
641 
For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by
Benedict Terry Director Company Registration No. 13715070
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SBT & SONS LTD Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
SBT & SONS LTD is a private company, limited by shares, registered in England and Wales, registration number 13715070. The registered office is 1 LINFOOT OAKS, GREAT ALNE, ALCESTER, WARKS, B49 6RG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line Method
Motor vehicles
16.67% Reducing Balance Method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the directors. The directors have indicated their support will continue for the foreseeable future.
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SBT & SONS LTD Notes to the Accounts for the year ended 30 November 2022
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2021
- 
- 
- 
Additions
1,749 
31,821 
33,570 
At 30 November 2022
1,749 
31,821 
33,570 
Depreciation
Charge for the year
351 
5,304 
5,655 
At 30 November 2022
351 
5,304 
5,655 
Net book value
At 30 November 2022
1,398 
26,517 
27,915 
5
Debtors
2022 
£ 
Amounts falling due within one year
Trade debtors
7,308 
6
Creditors: amounts falling due within one year
2022 
£ 
VAT
4,482 
Trade creditors
18,430 
Taxes and social security
1,388 
Loans from directors
312 
24,612 
7
Creditors: amounts falling due after more than one year
2022 
£ 
Obligations under finance leases and hire purchase contracts
19,886 
8
Average number of employees
During the year the average number of employees was 1.
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