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REGISTERED NUMBER: 07893851 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

SB Trading (South West) Limited

SB Trading (South West) Limited (Registered number: 07893851)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SB Trading (South West) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Miss S J Burrell
S D Barclay





REGISTERED OFFICE: 11 Beach Road
Perranporth
Cornwall
TR6 0JL





REGISTERED NUMBER: 07893851 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

SB Trading (South West) Limited (Registered number: 07893851)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,789 78,455

CURRENT ASSETS
Stocks 5,051 4,038
Debtors 5 567,477 450,031
Cash at bank and in hand 27,147 150,256
599,675 604,325
CREDITORS
Amounts falling due within one year 6 257,956 277,621
NET CURRENT ASSETS 341,719 326,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,508

405,159

CREDITORS
Amounts falling due after more than one
year

7

(100,641

)

(31,978

)

PROVISIONS FOR LIABILITIES (30,740 ) (14,906 )
NET ASSETS 372,127 358,275

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 372,027 358,175
SHAREHOLDERS' FUNDS 372,127 358,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SB Trading (South West) Limited (Registered number: 07893851)

Balance Sheet - continued
31 March 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:





Miss S J Burrell - Director


SB Trading (South West) Limited (Registered number: 07893851)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

SB Trading (South West) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance and at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation 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 taxation 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SB Trading (South West) Limited (Registered number: 07893851)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 24,699 238,588 263,287
Additions - 140,040 140,040
At 31 March 2023 24,699 378,628 403,327
DEPRECIATION
At 1 April 2022 18,090 166,742 184,832
Charge for year 1,322 55,384 56,706
At 31 March 2023 19,412 222,126 241,538
NET BOOK VALUE
At 31 March 2023 5,287 156,502 161,789
At 31 March 2022 6,609 71,846 78,455

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 133,640
At 31 March 2023 133,640
DEPRECIATION
Charge for year 41,226
At 31 March 2023 41,226
NET BOOK VALUE
At 31 March 2023 92,414

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 567,477 450,031

SB Trading (South West) Limited (Registered number: 07893851)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,909 9,689
Hire purchase contracts 26,684 -
Trade creditors 29,450 31,669
Taxation and social security 182,749 215,813
Other creditors 9,164 20,450
257,956 277,621

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 21,757 31,978
Hire purchase contracts 78,884 -
100,641 31,978

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 105,568 -