Registered number
14431738
SABIR CABS SHEFFIELD LTD
Filleted Accounts
31 March 2024
SABIR CABS SHEFFIELD LTD
Registered number: 14431738
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,184 1,332
Current assets
Cash at bank and in hand 21,373 6,394
Creditors: amounts falling due within one year 4 (9,671) (736)
Net current assets 11,702 5,658
Total assets less current liabilities 12,886 6,990
Creditors: amounts falling due after more than one year 5 (10,810) (6,500)
Net assets 2,076 490
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,976 390
Shareholder's funds 2,076 490
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ARFAN SABIR
Director
Approved by the board on 28 October 2024
SABIR CABS SHEFFIELD LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery
£
Cost
Additions -
At 31 March 2024 1,480
Depreciation
Charge for the year 148
At 31 March 2024 296
Net book value
At 31 March 2024 1,184
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 9,485 736
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 10,810 6,500
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
ARFAN SABIR
[Loan 1] - 6,500 - 6,500
- 6,500 - 6,500
7 Controlling party
The Director has full control by virtue of him owning the fully issued share capital.
8 Other information
SABIR CABS SHEFFIELD LTD is a private company limited by shares and incorporated in England. Its registered office is:
485A MIDDLEWOOD ROAD
SHEFFIELD
S6 1TL
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