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REGISTERED NUMBER: 04362337 (England and Wales)


Financial Statements for the Year Ended 31 January 2024

for

SB (UK) Limited

SB (UK) Limited (Registered number: 04362337)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SB (UK) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs Neelam Sharma
Mr Prakash Sharma





SECRETARY: Mr Prakash Sharma





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 04362337 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

SB (UK) Limited (Registered number: 04362337)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 121,500 121,500
Property, plant and equipment 5 23,918 17,048
145,418 138,548

CURRENT ASSETS
Inventories 52,646 51,421
Debtors 6 2,915 3,279
Cash at bank and in hand 75,734 39,420
131,295 94,120
CREDITORS
Amounts falling due within one year 7 67,760 58,711
NET CURRENT ASSETS 63,535 35,409
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,953

173,957

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 208,949 173,953
SHAREHOLDERS' FUNDS 208,953 173,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

SB (UK) Limited (Registered number: 04362337)

Statement of Financial Position - continued
31 January 2024


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 1 October 2024 and were signed on its behalf by:





Mr Prakash Sharma - Director


SB (UK) Limited (Registered number: 04362337)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

SB (UK) 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
Turnover represents net sales value of goods,excluding value added tax.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 135,000
AMORTISATION
At 1 February 2023
and 31 January 2024 13,500
NET BOOK VALUE
At 31 January 2024 121,500
At 31 January 2023 121,500

SB (UK) Limited (Registered number: 04362337)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2023 69,441
Additions 12,850
At 31 January 2024 82,291
DEPRECIATION
At 1 February 2023 52,393
Charge for year 5,980
At 31 January 2024 58,373
NET BOOK VALUE
At 31 January 2024 23,918
At 31 January 2023 17,048

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 2,319 2,358
Other debtors 596 921
2,915 3,279

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 23,901 9,484
Taxation and social security 40,684 42,896
Other creditors 3,175 6,331
67,760 58,711

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
4 Ordinary £1 4 4

SB (UK) Limited (Registered number: 04362337)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. RELATED PARTY DISCLOSURES

During the year, Company has paid Rent of £2,400 (2023 : £2,400) being the business property owned by the directors.