Company Registration No. 10547978 (England and Wales)
SAIBER MANAGEMENT LIMITED
Unaudited accounts
for the year ended 31 January 2024
SAIBER MANAGEMENT LIMITED
Unaudited accounts
Contents
SAIBER MANAGEMENT LIMITED
Company Information
for the year ended 31 January 2024
Director
Bernard Ian Craig
Company Number
10547978 (England and Wales)
Registered Office
112 - 113 High Street
Lincoln
LN5 7PY
UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
SAIBER MANAGEMENT LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
7,304
8,365
Cash at bank and in hand
24,601
24,338
Creditors: amounts falling due within one year
(16,609)
(18,955)
Net current assets
12,701
8,578
Total assets less current liabilities
20,005
16,943
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
19,830
16,847
Shareholders' funds
19,832
16,849
For the year ending 31 January 2024 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 22 March 2024 and were signed on its behalf by
Bernard Ian Craig
Director
Company Registration No. 10547978
SAIBER MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 January 2024
SAIBER MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10547978. The registered office is 112 - 113 High Street, Lincoln, LN5 7PY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates. Turnover from the sale of goods is recognized when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognized 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.
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.
SAIBER MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
16,395
5,121
4,265
25,781
At 31 January 2024
16,395
5,121
6,842
28,358
At 1 February 2023
11,896
2,406
3,114
17,416
Charge for the year
2,027
679
932
3,638
At 31 January 2024
13,923
3,085
4,046
21,054
At 31 January 2024
2,472
2,036
2,796
7,304
At 31 January 2023
4,499
2,715
1,151
8,365
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
714
-
Taxes and social security
621
118
Loans from directors
14,200
17,317
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Capital commitments
2024
2023
There are no capital commitments at the date of authorizing these statements.
SAIBER MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 January 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured Loan to the Company
13,152
-
-
13,152
The director is prepared to continue with support for the company.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).