16 June 2022 false No description of principal activity Taxfiler 2023.14 14176882business:PrivateLimitedCompanyLtd2022-06-162023-06-30 141768822022-06-15 141768822022-06-162023-06-30 14176882business:AuditExemptWithAccountantsReport2022-06-162023-06-30 14176882business:AbridgedAccounts2022-06-162023-06-30 141768822023-06-30 14176882business:Director12022-06-162023-06-30 14176882business:RegisteredOffice2022-06-162023-06-30 14176882core:WithinOneYear2023-06-30 14176882core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 14176882core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 14176882core:PreviouslyStatedAmount2023-06-30 14176882business:SmallEntities2022-06-162023-06-30 14176882countries:EnglandWales2022-06-162023-06-30 14176882core:OtherPropertyPlantEquipment2022-06-162023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 14176882 (England and Wales)
SD Transfers Ltd Unaudited accounts for the period from 16 June 2022 to 30 June 2023
SD Transfers Ltd Unaudited accounts Contents
Page
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SD Transfers Ltd Company Information for the period from 16 June 2022 to 30 June 2023
Director
Sammy Darwish
Company Number
14176882 (England and Wales)
Registered Office
129 Abbots Road Edgware HA8 0RX
Accountants
Barley Grove Financial Solutions Limited 19 Barley Way Elsenham Bishop's Stortford CM22 6GX
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SD Transfers Ltd Statement of financial position as at 30 June 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
46,383 
Current assets
Cash at bank and in hand
3,200 
Creditors: amounts falling due within one year
(49,427)
Net current liabilities
(46,227)
Net assets
156 
Capital and reserves
Called up share capital
1 
Profit and loss account
155 
Shareholders' funds
156 
For the period ending 30 June 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 and authorised for issue on 13 March 2024 and were signed on its behalf by
Sammy Darwish Director Company Registration No. 14176882
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SD Transfers Ltd Notes to the Accounts for the period from 16 June 2022 to 30 June 2023
1
Statutory information
SD Transfers Ltd is a private company, limited by shares, registered in England and Wales, registration number 14176882. The registered office is 129 Abbots Road, Edgware, HA8 0RX.
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.
Significant judgements and estimates
No significant judgements or estimates have had to be made by the director in preparing these financial statements.
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:
Other tangible fixed assets
25% Reducing Balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tax
Tax 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 tax 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 statement of financial position date.
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SD Transfers Ltd Notes to the Accounts for the period from 16 June 2022 to 30 June 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 16 June 2022
- 
Additions
57,979 
At 30 June 2023
57,979 
Depreciation
Charge for the period
11,596 
At 30 June 2023
11,596 
Net book value
At 30 June 2023
46,383 
5
Average number of employees
During the period the average number of employees was 1.
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