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REGISTERED NUMBER: 10476379 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

SAB Procurement Solutions Limited

SAB Procurement Solutions Limited (Registered number: 10476379)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SAB Procurement Solutions Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S Barnes
Mrs A Barnes





SECRETARY:





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 10476379 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

SAB Procurement Solutions Limited (Registered number: 10476379)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,038 1,410

CURRENT ASSETS
Debtors 23,554 395
Cash at bank 18,559 7,952
42,113 8,347
CREDITORS
Amounts falling due within one year 24,607 3,739
NET CURRENT ASSETS 17,506 4,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,544

6,018

PROVISIONS FOR LIABILITIES 5 387 267
NET ASSETS 19,157 5,751

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,057 5,651
SHAREHOLDERS' FUNDS 19,157 5,751

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.

SAB Procurement Solutions Limited (Registered number: 10476379)

Abridged Balance Sheet - 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 October 2024 and were signed on its behalf by:





S Barnes - Director


SAB Procurement Solutions Limited (Registered number: 10476379)

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

1. STATUTORY INFORMATION

SAB Procurement Solutions Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is 6 High Street, Wheathampstead, Herts AL4 8AA.

The financial statements are prepared in Sterling, which is the functional currency of the company.

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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable.

In respect of long term contracts and contracts for ongoing services, revenue represents the value of work done in the year, including estimates of amounts not invoiced. Revenue in respect of long term contracts and contracts for ongoing services is recognised by reference to the stage of completion.

Fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the fixed assets, less their estimated residual value over their expected useful lives on a straight line basis at a rate of 25% per annum.

At each balance sheet date, the company reviews the carrying amount of its fixed assets to determine whether there is an indication that any items have suffered an impairment loss. If any indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the asset impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash generating unit to which it belongs.


SAB Procurement Solutions Limited (Registered number: 10476379)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for the current year is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised in respect of all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profits. 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.

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.

Foreign currencies
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Pensions
The company operates a defined contribution pension scheme. The pension charge represents the amount payable by the company to the fund in respect of the year.

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SAB Procurement Solutions Limited (Registered number: 10476379)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 6,413
Additions 1,649
At 31 January 2024 8,062
DEPRECIATION
At 1 February 2023 5,003
Charge for year 1,021
At 31 January 2024 6,024
NET BOOK VALUE
At 31 January 2024 2,038
At 31 January 2023 1,410

5. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 387 267

Deferred
tax
£   
Balance at 1 February 2023 267
Applied during year 120
Balance at 31 January 2024 387

6. CAPITAL COMMITMENTS

At 31 January 2024, the company did not have any capital commitments.