2022-03-01 2023-02-28 false Capium Accounts Production 1.1 11218410 bus:FullAccounts 2022-03-01 2023-02-28 11218410 bus:FRS102 2022-03-01 2023-02-28 11218410 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11218410 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 11218410 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11218410 2022-03-01 2023-02-28 11218410 2023-02-28 11218410 bus:RegisteredOffice 2022-03-01 2023-02-28 11218410 core:WithinOneYear 2023-02-28 11218410 core:AfterOneYear 2023-02-28 11218410 bus:Director1 2022-03-01 2023-02-28 11218410 bus:Director1 2023-02-28 11218410 bus:Director1 2021-03-01 2022-02-28 11218410 bus:Director2 2022-03-01 2023-02-28 11218410 bus:Director2 2023-02-28 11218410 bus:Director2 2021-03-01 2022-02-28 11218410 2021-03-01 11218410 bus:CompanySecretary1 2022-03-01 2023-02-28 11218410 bus:LeadAgentIfApplicable 2022-03-01 2023-02-28 11218410 2021-03-01 2022-02-28 11218410 2022-02-28 11218410 core:WithinOneYear 2022-02-28 11218410 core:AfterOneYear 2022-02-28 11218410 bus:EntityAccountantsOrAuditors 2021-03-01 2022-02-28 11218410 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 11218410 bus:OrdinaryShareClass1 2023-02-28 11218410 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 11218410 bus:OrdinaryShareClass1 2022-02-28 11218410 core:PlantMachinery 2022-03-01 2023-02-28 11218410 core:PlantMachinery 2023-02-28 11218410 core:PlantMachinery 2022-02-28 11218410 core:FurnitureFittings 2022-03-01 2023-02-28 11218410 core:FurnitureFittings 2023-02-28 11218410 core:FurnitureFittings 2022-02-28 11218410 core:ComputerEquipment 2022-03-01 2023-02-28 11218410 core:ComputerEquipment 2023-02-28 11218410 core:ComputerEquipment 2022-02-28 11218410 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 11218410 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-02-28 11218410 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 11218410 core:CostValuation core:Non-currentFinancialInstruments 2022-02-28 11218410 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-02-28 11218410 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-02-28 11218410 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-02-28 11218410 core:Non-currentFinancialInstruments 2023-02-28 11218410 core:Non-currentFinancialInstruments 2022-02-28 11218410 core:ShareCapital 2023-02-28 11218410 core:ShareCapital 2022-02-28 11218410 core:RetainedEarningsAccumulatedLosses 2023-02-28 11218410 core:RetainedEarningsAccumulatedLosses 2022-02-28 11218410 dpl:Item1 2022-03-01 11218410 dpl:Item1 2023-02-28 11218410 dpl:Item1 2021-03-01 11218410 dpl:Item1 2022-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11218410
England and Wales

 

 

 

SABINA BILENKO LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Directors Sabina Bilenko
Elona Bilenko
Registered Number 11218410
Registered Office 45 Pont Street
London
SW1X 0BD
Accountants Cubed Consultancy Limited
6-7 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 4,572    4,572 
Tangible fixed assets 4 55,399    53,281 
59,971    57,853 
Current assets      
Stocks 5 914,642    470,036 
Debtors 6 196,630    273,613 
Cash at bank and in hand 8,216    7,734 
1,119,488    751,383 
Creditors: amount falling due within one year 7 (3,108,350)   (1,806,428)
Net current liabilities (1,988,862)   (1,055,045)
 
Total assets less current liabilities (1,928,891)   (997,192)
Net liabilities (1,928,891)   (997,192)
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account (1,928,991)   (997,292)
Shareholder's funds (1,928,891)   (997,192)
 


For the year ended 28 February 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. 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 12 February 2024 and were signed on its behalf by:


-------------------------------
Sabina Bilenko
Director
2
General Information
Sabina Bilenko Ltd is a private company, limited by shares, registered in England and Wales, registration number 11218410, registration address 45 Pont Street, London, SW1X 0BD.

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)
Going concern basis
The accounts have been prepared on going concern, on the understanding that the directors will continue to financially support the company during this uncertain period. 
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
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
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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:
Plant and machinery etc 20%
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic fanatical instruments and measured at initial recognition at transaction price.  Debtors and creditors are subsequently measured at amortised cost using effective interest rate  method. A provision is established when there is a objective evidence will not be able to collect all amounts due.  
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at the bank and bank overdrafts.   
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 6 (2022 : 5).
3.

Intangible fixed assets

Cost Other intangible assets   Total
  £   £
At 01 March 2022 4,572    4,572 
Additions  
Disposals  
At 28 February 2023 4,572    4,572 
Amortisation
At 01 March 2022  
Charge for year  
On disposals  
At 28 February 2023  
Net book values
At 28 February 2023 4,572    4,572 
At 28 February 2022 4,572    4,572 


4.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 March 2022 59,097    59,097 
Additions 17,421    17,421 
Disposals  
At 28 February 2023 76,518    76,518 
Depreciation
At 01 March 2022 5,816    5,816 
Charge for year 15,303    15,303 
On disposals  
At 28 February 2023 21,119    21,119 
Net book values
Closing balance as at 28 February 2023 55,399    55,399 
Opening balance as at 01 March 2022 53,281    53,281 


5.

Stocks

2023
£
  2022
£
Stocks 914,642    470,036 
914,642    470,036 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 66,886    185,904 
Other Debtors 129,744    87,709 
196,630    273,613 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 126,353    65,793 
Taxation and Social Security 3,162    2,081 
Other Creditors 2,978,835    1,738,554 
3,108,350    1,806,428 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

3