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Company Registration No. 10983582 (England and Wales)
SB Seat Limited Unaudited accounts for the year ended 30 September 2023
SB Seat Limited Unaudited accounts Contents
Page
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SB Seat Limited Company Information for the year ended 30 September 2023
Director
D Russell-Wilks
Company Number
10983582 (England and Wales)
Registered Office
THE CORNER HOUSE 4 BEAUMONT ROAD CHURCH STRETTON SY6 6BN UNITED KINGDOM
Accountants
S A Acc'y Ltd The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN
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SB Seat Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,068 
3,502 
Current assets
Inventories
38,438 
23,804 
Debtors
111,654 
123,759 
Cash at bank and in hand
- 
43,746 
150,092 
191,309 
Creditors: amounts falling due within one year
(50,205)
(48,651)
Net current assets
99,887 
142,658 
Total assets less current liabilities
146,955 
146,160 
Creditors: amounts falling due after more than one year
(39,900)
(59,900)
Provisions for liabilities
Deferred tax
(8,942)
(665)
Net assets
98,113 
85,595 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
98,112 
85,594 
Shareholders' funds
98,113 
85,595 
For the year ending 30 September 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.
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
D Russell-Wilks Director Company Registration No. 10983582
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SB Seat Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
SB Seat Limited is a private company, limited by shares, registered in England and Wales, registration number 10983582. The registered office is THE CORNER HOUSE, 4 BEAUMONT ROAD, CHURCH STRETTON, SY6 6BN, 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 remained unchanged from the previous year, and also 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.
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
25% per annum reducing balance
Fixtures & fittings
15% per annum reducing balance
Computer equipment
33% per annum reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
8,110 
401 
134 
8,645 
Additions
49,349 
- 
- 
49,349 
At 30 September 2023
57,459 
401 
134 
57,994 
Depreciation
At 1 October 2022
4,907 
120 
116 
5,143 
Charge for the year
5,735 
42 
6 
5,783 
At 30 September 2023
10,642 
162 
122 
10,926 
Net book value
At 30 September 2023
46,817 
239 
12 
47,068 
At 30 September 2022
3,203 
281 
18 
3,502 
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SB Seat Limited Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
164 
- 
Trade debtors
107,695 
121,691 
Other debtors
3,795 
2,068 
111,654 
123,759 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,742 
- 
Trade creditors
- 
10,504 
Taxes and social security
15,230 
20,304 
Loans from directors
22,538 
17,148 
Accruals
695 
695 
50,205 
48,651 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,500 
37,500 
Other creditors
22,400 
22,400 
39,900 
59,900 
8
Transactions with related parties
During the year goods were sold to Helvetica Office Ltd, a company in which Mr Russell-Wilks is a director. Owed to the company at the year end £2068 (2022: £2068)
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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