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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
Page
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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
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SAIBER MANAGEMENT LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,304 
8,365 
Current assets
Debtors
4,709 
3,195 
Cash at bank and in hand
24,601 
24,338 
29,310 
27,533 
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
Deferred tax
(173)
(94)
Net assets
19,832 
16,849 
Capital and reserves
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
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SAIBER MANAGEMENT LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Turnover
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 taxation
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.
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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 
Additions
- 
- 
2,577 
2,577 
At 31 January 2024
16,395 
5,121 
6,842 
28,358 
Depreciation
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 
Net book value
At 31 January 2024
2,472 
2,036 
2,796 
7,304 
At 31 January 2023
4,499 
2,715 
1,151 
8,365 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,709 
3,195 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
714 
- 
Trade creditors
354 
800 
Taxes and social security
621 
118 
Loans from directors
14,200 
17,317 
Accruals
720 
720 
16,609 
18,955 
7
Share capital
2024 
2023 
£ 
£ 
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.
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SAIBER MANAGEMENT LIMITED Notes to the Accounts for the year ended 31 January 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Bernard Ian Craig
Unsecured Loan to the Company
13,152 
- 
- 
13,152 
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).
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