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REGISTERED NUMBER: 06117314 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SB7 MOBILE LTD

SB7 MOBILE LTD (REGISTERED NUMBER: 06117314)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SB7 MOBILE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J Sammon
Mr J Brown





SECRETARY: Mr J Brown





REGISTERED OFFICE: 2 Manor Farm Court,
Old Wolverton Road,
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 06117314 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

SB7 MOBILE LTD (REGISTERED NUMBER: 06117314)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 108,857 76,900

CURRENT ASSETS
Debtors 5 3,725,718 3,672,394
Cash at bank and in hand 203,757 196,448
3,929,475 3,868,842
CREDITORS
Amounts falling due within one year 6 3,773,941 3,689,181
NET CURRENT ASSETS 155,534 179,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,391

256,561

CREDITORS
Amounts falling due after more than one
year

7

14,167

24,259
NET ASSETS 250,224 232,302

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 249,224 231,302
250,224 232,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SB7 MOBILE LTD (REGISTERED NUMBER: 06117314)

BALANCE SHEET - continued
31 DECEMBER 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 24 August 2024 and were signed on its behalf by:





Mr J Sammon - Director


SB7 MOBILE LTD (REGISTERED NUMBER: 06117314)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

SB7 Mobile Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - Over the lease term of 5 years
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

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.

FOREIGN CURRENCIES
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

SB7 MOBILE LTD (REGISTERED NUMBER: 06117314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 360,203
Additions 77,696
At 31 December 2023 437,899
DEPRECIATION
At 1 January 2023 283,303
Charge for year 45,739
At 31 December 2023 329,042
NET BOOK VALUE
At 31 December 2023 108,857
At 31 December 2022 76,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,578,301 1,924,423
Amounts owed by group undertakings 1,311,141 1,093,332
Other debtors 836,276 654,639
3,725,718 3,672,394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,000 10,155
Trade creditors 2,504,981 2,524,792
Amounts owed to group undertakings 47,732 -
Taxation and social security 762,771 778,413
Other creditors 448,457 375,821
3,773,941 3,689,181

SB7 MOBILE LTD (REGISTERED NUMBER: 06117314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 14,167 24,259

8. RELATED PARTY DISCLOSURES

During the year the company received an interest free loan of £633,888 from SB Media Group Limited, its Parent company. At the balance sheet the amount outstanding was £47,732 (2022: -£586,156).

The company made an interest free loan to S P Two Ltd of £776,506. At the balance sheet the amount outstanding was £1,143,500 (2022: 367,044).

The company received an interest free loan from SB Digital media of £27,459. At the balance sheet date, the amount owed was £167,591 (2022: 140,132). Both are companies under common control..

These amounts were included within the amounts owed to/ by group undertakings.

9. PARENT COMPANY

The parent company of SB7 Mobile Ltd is SB Media Group Limited and its registered office is 2 Manor Farm Court, Old Wolverton Road, Old Wolverton, Milton Keynes, United Kingdom, MK12 5NN.