Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 25 November 2021 false 1 December 2022 30 November 2023 30 November 2023 13764996 Mr A Adams-Aderibigbe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13764996 2022-11-30 13764996 2023-11-30 13764996 2022-12-01 2023-11-30 13764996 frs-core:CurrentFinancialInstruments 2023-11-30 13764996 frs-core:ComputerEquipment 2023-11-30 13764996 frs-core:ComputerEquipment 2022-12-01 2023-11-30 13764996 frs-core:ComputerEquipment 2022-11-30 13764996 frs-core:ShareCapital 2023-11-30 13764996 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13764996 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13764996 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13764996 frs-bus:SmallEntities 2022-12-01 2023-11-30 13764996 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13764996 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13764996 frs-bus:Director1 2022-12-01 2023-11-30 13764996 frs-countries:EnglandWales 2022-12-01 2023-11-30 13764996 2021-11-24 13764996 2022-11-30 13764996 2021-11-25 2022-11-30 13764996 frs-core:CurrentFinancialInstruments 2022-11-30 13764996 frs-core:ShareCapital 2022-11-30 13764996 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 13764996
Sb Distro Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13764996
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 937 -
937 -
CURRENT ASSETS
Debtors 5 22,553 1,089
Cash at bank and in hand 89,945 40,062
112,498 41,151
Creditors: Amounts Falling Due Within One Year 6 (64,083 ) (26,088 )
NET CURRENT ASSETS (LIABILITIES) 48,415 15,063
TOTAL ASSETS LESS CURRENT LIABILITIES 49,352 15,063
NET ASSETS 49,352 15,063
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 49,351 15,062
SHAREHOLDERS' FUNDS 49,352 15,063
Page 1
Page 2
For the year ending 30 November 2023 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 A Adams-Aderibigbe
Director
30 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sb Distro Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13764996 . The registered office is 128 City Road, London, EC1V 2NX.
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.
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:
Computer Equipment 25% Straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2022 -
Additions 1,000
As at 30 November 2023 1,000
Depreciation
As at 1 December 2022 -
Provided during the period 63
As at 30 November 2023 63
Net Book Value
As at 30 November 2023 937
As at 1 December 2022 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 22,553 1,089
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 13,572 -
Other creditors 22,123 19,857
Taxation and social security 28,388 6,231
64,083 26,088
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
Included within creditors due within one year is an amount of £21,401 (2022: £19,857) due to the director of the company. 
Page 5