SBI SOLUTIONS LIMITED

Company Registration Number:
10386690 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2022

Period of accounts

Start date: 1 October 2021

End date: 30 September 2022

SBI SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2022

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SBI SOLUTIONS LIMITED

Profit And Loss Account

for the Period Ended 30 September 2022

2022 2021


£

£
Turnover: 16,945,230 0
Cost of sales: ( 14,649,151 ) 0
Gross profit(or loss): 2,296,079 0
Distribution costs: ( 230,560 ) 0
Administrative expenses: ( 630,560 ) 0
Other operating income: 0
Operating profit(or loss): 1,434,959 0
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 1,434,959 0
Tax: 0
Profit(or loss) for the financial year: 1,434,959 0

SBI SOLUTIONS LIMITED

Balance sheet

As at 30 September 2022

Notes 2022 2021


£

£
Called up share capital not paid: 2,500 0
Fixed assets
Intangible assets: 3 120,467 0
Tangible assets: 4 411,696 38,245
Investments: 5 151,963 0
Total fixed assets: 684,126 38,245
Current assets
Stocks:   0 0
Debtors: 6 314,936 0
Cash at bank and in hand: 805,444 79,812
Total current assets: 1,120,380 79,812
Prepayments and accrued income: 20,430 0
Creditors: amounts falling due within one year: 7 ( 130,456 ) ( 97,192 )
Net current assets (liabilities): 1,010,354 (17,380)
Total assets less current liabilities: 1,696,980 20,865
Creditors: amounts falling due after more than one year: 8 ( 90,743 ) ( 18,502 )
Provision for liabilities: ( 31,278 )
Total net assets (liabilities): 1,574,959 2,363
Capital and reserves
Called up share capital: 140,000 2,363
Profit and loss account: 1,434,959
Total Shareholders' funds: 1,574,959 2,363

The notes form part of these financial statements

SBI SOLUTIONS LIMITED

Balance sheet statements

For the year ending 30 September 2022 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: Samee Ullah
Status: Director

The notes form part of these financial statements

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue Should be measured when economic benefits flow to the entity.

    Tangible fixed assets depreciation policy

    Assets should be depreciated at straight line method with 20%.

    Other accounting policies

    Basis of measurement and preparation These financial statements have been prepared in accordance with the provisions of Section l A (Small Entities) of Financial Reporting Standards 102

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 8 2

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 October 2021 0 0 0
Additions 120,467 0 120,467
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 30 September 2022 120,467 0 120,467
Amortisation
At 1 October 2021 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 30 September 2022 0 0 0
Net book value
At 30 September 2022 120,467 0 120,467
At 30 September 2021 0 0 0

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2021 15,230 8,345 2,530 8,117 4,023 38,245
Additions 215,630 55,610 33,221 68,990 373,451
Disposals
Revaluations
Transfers
At 30 September 2022 230,860 63,955 35,751 77,107 4,023 411,696
Depreciation
At 1 October 2021
Charge for year
On disposals
Other adjustments
At 30 September 2022
Net book value
At 30 September 2022 230,860 63,955 35,751 77,107 4,023 411,696
At 30 September 2021 15,230 8,345 2,530 8,117 4,023 38,245

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

5. Fixed assets investments note

Computers, Scanners, Printers, Mobiles, Furniture, Fans, Heater, Air Conditioner, Car, Soft Switches.

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

6. Debtors

2022 2021
£ £
Trade debtors 314,936 0
Total 314,936 0

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

7. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 130,456 97,192
Total 130,456 97,192

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

8. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Other creditors 90,743 18,502
Total 90,743 18,502