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Registered Number: 08920866
England and Wales

 

 

 

SPB TECHNOLOGIES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Directors Pavithra Baskar
Baskar Chandran
Registered Number 08920866
Registered Office 33 Mundells Drive
Basildon
England
SS15 5XU
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 470    199 
470    199 
Current assets      
Debtors 4 8,986    14,690 
Cash at bank and in hand 164,286    107,823 
173,272    122,513 
Creditors: amount falling due within one year 5 (153,597)   (112,754)
Net current assets 19,675    9,759 
 
Total assets less current liabilities 20,145    9,958 
Provisions for liabilities 6 (89)   (38)
Net assets 20,056    9,920 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 19,956    9,820 
Shareholder's funds 20,056    9,920 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 25 December 2023 and were signed on its behalf by:


-------------------------------
Baskar Chandran
Director
2
General Information
SPB TECHNOLOGIES LTD is a private company, limited by shares, registered in England and Wales, registration number 08920866, registration address 33 Mundells Drive, Basildon, England, SS15 5XU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 Years
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 April 2022 231    231 
Additions 416    416 
Disposals  
At 31 March 2023 647    647 
Depreciation
At 01 April 2022 32    32 
Charge for year 145    145 
On disposals  
At 31 March 2023 177    177 
Net book values
Closing balance as at 31 March 2023 470    470 
Opening balance as at 01 April 2022 199    199 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 361    315 
Accrued Income 8,625    14,375 
8,986    14,690 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 20   
Corporation Tax 18,716    17,879 
PAYE & Social Security 1,132    1,761 
Accrued Expenses   25 
Wages & Salaries Control Account   1,844 
Proposed Dividend 91,100    61,100 
Directors' Current Accounts 33,730    20,887 
VAT 8,899    9,258 
153,597    112,754 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 89    38 
89    38 

3