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Registered number: 10733570
SDB Express Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
SRL ACCOUNTING LIMITED
Unit 7a Waterside Business Park Waterside
Chesham
HP5 1PE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10733570
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,321 41,461
32,321 41,461
CURRENT ASSETS
Debtors 5 21,115 20,678
Cash at bank and in hand 21,685 23,843
42,800 44,521
Creditors: Amounts Falling Due Within One Year 6 (91,137 ) (103,980 )
NET CURRENT ASSETS (LIABILITIES) (48,337 ) (59,459 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,016 ) (17,998 )
NET LIABILITIES (16,016 ) (17,998 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account (17,016 ) (18,998 )
SHAREHOLDERS' FUNDS (16,016) (17,998)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr DAVID BUNNAGE
Director
30 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SDB Express Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10733570 . The registered office is Unit 7a Waterside Business Park Waterside, Chesham, HP5 1PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Computer Equipment 3 Years straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 85,332 1,002 86,334
Additions 6,000 - 6,000
Disposals (11,700 ) - (11,700 )
As at 31 March 2024 79,632 1,002 80,634
Depreciation
As at 1 April 2023 43,912 961 44,873
...CONTINUED
Page 3
Page 4
Provided during the period 10,162 42 10,204
Disposals (6,764 ) - (6,764 )
As at 31 March 2024 47,310 1,003 48,313
Net Book Value
As at 31 March 2024 32,322 (1 ) 32,321
As at 1 April 2023 41,420 41 41,461
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 21,525 21,445
Prepayments and accrued income (1,410 ) (1,767 )
Called up share capital not paid 1,000 1,000
21,115 20,678
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,464 24,220
Trade creditors 2 899
Bank loans and overdrafts 18,543 26,638
Other taxes and social security 994 471
VAT 13,068 12,326
Other creditors 1 1
Director's loan account 47,065 39,425
91,137 103,980
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,464 24,220
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 1,000 1,000
Amount of Allotted, Called Up Share Capital 1,000 1,000
9. Dividends
Page 4