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Company Registration No. 02999862 (England and Wales)
SBA BUREAU SERVICES LIMITED Unaudited accounts for the year ended 31 March 2024
SBA BUREAU SERVICES LIMITED Unaudited accounts Contents
Page
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SBA BUREAU SERVICES LIMITED Company Information for the year ended 31 March 2024
Directors
Mr S.A. Beard Mrs S.L. Beard
Secretary
Mrs S.L. Beard
Company Number
02999862 (England and Wales)
Registered Office
10 Cheshire Road Thame Oxon OX9 3LQ United Kingdom
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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SBA BUREAU SERVICES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,627 
43,215 
Current assets
Inventories
1,590 
1,425 
Debtors
33,331 
31,017 
Cash at bank and in hand
54,717 
59,552 
89,638 
91,994 
Creditors: amounts falling due within one year
(50,404)
(55,594)
Net current assets
39,234 
36,400 
Total assets less current liabilities
72,861 
79,615 
Provisions for liabilities
Deferred tax
(1,009)
(1,648)
Net assets
71,852 
77,967 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
70,852 
76,967 
Shareholders' funds
71,852 
77,967 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by
Mr S.A. Beard Director Company Registration No. 02999862
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SBA BUREAU SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SBA BUREAU SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02999862. The registered office is 10 Cheshire Road, Thame, Oxon, OX9 3LQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance basis
Computer equipment
20% Straight line basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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SBA BUREAU SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
44,850 
At 31 March 2024
44,850 
Amortisation
At 1 April 2023
44,850 
At 31 March 2024
44,850 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
40,803 
13,246 
54,049 
Additions
- 
2,241 
2,241 
Disposals
- 
(5,134)
(5,134)
At 31 March 2024
40,803 
10,353 
51,156 
Depreciation
At 1 April 2023
967 
9,867 
10,834 
Charge for the year
9,959 
1,863 
11,822 
On disposals
- 
(5,127)
(5,127)
At 31 March 2024
10,926 
6,603 
17,529 
Net book value
At 31 March 2024
29,877 
3,750 
33,627 
At 31 March 2023
39,836 
3,379 
43,215 
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SBA BUREAU SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,675 
21,471 
Accrued income and prepayments
2,873 
2,785 
Other debtors
4,445 
3,438 
25,993 
27,694 
Amounts falling due after more than one year
Other debtors
7,338 
3,323 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
528 
3,881 
Taxes and social security
24,113 
23,125 
Loans from directors
19,143 
22,894 
Accruals
1,312 
174 
Deferred income
5,308 
5,520 
50,404 
55,594 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,009 
1,648 
2024 
2023 
£ 
£ 
Provision at start of year
1,648 
(857)
(Credited)/charged to the profit and loss account
(639)
2,505 
Provision at end of year
1,009 
1,648 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,520 
5,520 
Later than one year and not later than five years
5,980 
11,500 
11,500 
17,020 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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