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Registration number: 05904891

SBPR Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

SBPR Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

SBPR Ltd

Company Information

Directors

Susan Bradbury

Rosanna Bradbury

Company secretary

Rosanna Bradbury

Registered office

Trevella Barn
Silver Hill
Perranwell Station
Truro
TR3 7LW

Accountants

Julia Evans Accountants Ltd
79-81 Boslowick Road
Falmouth
Cornwall
TR11 4QD

 

SBPR Ltd

(Registration number: 05904891)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

2,495

2,039

Current assets

 

Debtors

6

65,681

47,810

Cash at bank and in hand

 

6,694

-

 

72,375

47,810

Creditors: Amounts falling due within one year

7

(34,182)

(33,142)

Net current assets

 

38,193

14,668

Total assets less current liabilities

 

40,688

16,707

Creditors: Amounts falling due after more than one year

7

(8,925)

(15,225)

Provisions for liabilities

(502)

(387)

Net assets

 

31,261

1,095

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

30,261

95

Shareholders' funds

 

31,261

1,095

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

SBPR Ltd

(Registration number: 05904891)
Balance Sheet as at 31 January 2024

Approved and authorised by the Board on 19 July 2024 and signed on its behalf by:
 

.........................................
Susan Bradbury
Director

.........................................
Rosanna Bradbury
Company secretary and director

 

SBPR Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Trevella Barn
Silver Hill
Perranwell Station
Truro
TR3 7LW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

SBPR Ltd

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

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

SBPR Ltd

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

SBPR Ltd

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2023

162,000

162,000

At 31 January 2024

162,000

162,000

Amortisation

At 1 February 2023

162,000

162,000

At 31 January 2024

162,000

162,000

Carrying amount

At 31 January 2024

-

-

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

8,404

8,404

Additions

1,400

1,400

Disposals

(1,733)

(1,733)

At 31 January 2024

8,071

8,071

Depreciation

At 1 February 2023

6,365

6,365

Charge for the year

624

624

Eliminated on disposal

(1,413)

(1,413)

At 31 January 2024

5,576

5,576

Carrying amount

At 31 January 2024

2,495

2,495

At 31 January 2023

2,039

2,039

 

SBPR Ltd

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

18,427

15,273

Prepayments

2,264

1,989

Other debtors

44,990

30,548

 

65,681

47,810

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

6,300

8,815

Trade creditors

 

853

1,459

Taxation and social security

 

20,165

14,590

Accruals and deferred income

 

1,353

1,399

Other creditors

 

5,511

6,879

 

34,182

33,142

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

8,925

15,225

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       
 

SBPR Ltd

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

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,925

15,225

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,300

6,300

Bank overdrafts

-

2,515

6,300

8,815