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REGISTERED NUMBER: 03131504 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Sabre Technology (Hull) Limited

Sabre Technology (Hull) Limited (Registered number: 03131504)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sabre Technology (Hull) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr T J Mitchell
Mr C P Ford
Mr D White





SECRETARY: Mr C P Ford





REGISTERED OFFICE: Lakeside House Woodmansey Business Park
Plaxton Bridge Road
Beverley
East Yorkshire
HU170RT





REGISTERED NUMBER: 03131504 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Chartered Accountants
Suite 1, The Riverside Building
Livingstone Road
Hessle,
Hull
HU13 0DZ

Sabre Technology (Hull) Limited (Registered number: 03131504)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 34,640 33,162
Tangible assets 5 38,551 28,423
73,191 61,585

CURRENT ASSETS
Debtors 6 142,873 112,929
Investments 7 7,120 7,120
Cash at bank 255,798 163,583
405,791 283,632
CREDITORS
Amounts falling due within one year 8 168,840 76,123
NET CURRENT ASSETS 236,951 207,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,142

269,094

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 310,042 268,994
310,142 269,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Sabre Technology (Hull) Limited (Registered number: 03131504)

Balance Sheet - continued
30 November 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 30 May 2024 and were signed on its behalf by:





Mr C P Ford - Director


Sabre Technology (Hull) Limited (Registered number: 03131504)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Sabre Technology (Hull) 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
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

The company provides consultancy services to other organisations, these services are provided on a time and material basis or as a fixed price contract.

Interest income is recognised using the effective interest rate method.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business and relates to intellectual property rights which is being reviewed annually for impairment.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


Sabre Technology (Hull) Limited (Registered number: 03131504)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


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

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.

Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors, are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

Sabre Technology (Hull) Limited (Registered number: 03131504)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. INTANGIBLE FIXED ASSETS
Development Computer
Goodwill costs software Totals
£    £    £    £   
COST
At 1 December 2022 23,933 5,268 9,456 38,657
Additions - 853 4,872 5,725
At 30 November 2023 23,933 6,121 14,328 44,382
AMORTISATION
At 1 December 2022 - 2,039 3,456 5,495
Amortisation for year - 1,529 2,718 4,247
At 30 November 2023 - 3,568 6,174 9,742
NET BOOK VALUE
At 30 November 2023 23,933 2,553 8,154 34,640
At 30 November 2022 23,933 3,229 6,000 33,162

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 4,347 11,896 28,230 77,088 121,561
Additions - 1,213 1,682 19,498 22,393
At 30 November 2023 4,347 13,109 29,912 96,586 143,954
DEPRECIATION
At 1 December 2022 4,347 4,237 25,167 59,387 93,138
Charge for year - 1,774 1,188 9,303 12,265
At 30 November 2023 4,347 6,011 26,355 68,690 105,403
NET BOOK VALUE
At 30 November 2023 - 7,098 3,557 27,896 38,551
At 30 November 2022 - 7,659 3,063 17,701 28,423

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 136,777 110,180
Other debtors 6,096 2,749
142,873 112,929

Sabre Technology (Hull) Limited (Registered number: 03131504)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 7,120 7,120

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 43,961 4,932
Taxation and social security 102,802 69,567
Other creditors 22,077 1,624
168,840 76,123