2023-07-072024-07-312024-07-31false14987796SBM ENERGY SOLUTIONS 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SBM ENERGY SOLUTIONS LTD

Registered Number
14987796
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2024

SBM ENERGY SOLUTIONS LTD
Company Information
for the period from 7 July 2023 to 31 July 2024

Director

CANHAM, Shaun Scott

Registered Address

15 Riverside Studios Amethyst Road
Newcastle Business Park
Newcastle Upon Tyne
NE4 7YL

Registered Number

14987796 (England and Wales)
SBM ENERGY SOLUTIONS LTD
Statement of Financial Position
31 July 2024

Notes

2024

£

£

Fixed assets
Tangible assets36,503
6,503
Current assets
Debtors8,940
Cash at bank and on hand20,777
29,717
Creditors amounts falling due within one year(21,067)
Net current assets (liabilities)8,650
Total assets less current liabilities15,153
Net assets15,153
Capital and reserves
Called up share capital100
Profit and loss account15,053
Shareholders' funds15,153
The financial statements were approved and authorised for issue by the Director on 8 October 2024, and are signed on its behalf by:
CANHAM, Shaun Scott
Director
Registered Company No. 14987796
SBM ENERGY SOLUTIONS LTD
Notes to the Financial Statements
for the period ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-4
Vehicles25-
Office Equipment-4
2.Average number of employees

2024
Average number of employees during the year1
3.Tangible fixed assets

Total

£
Cost or valuation
Additions8,413
At 31 July 248,413
Depreciation and impairment
Charge for year1,910
At 31 July 241,910
Net book value
At 31 July 246,503
At 06 July 23-