Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31truefalse2023-08-01falseConsulting11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09685817 2023-08-01 2024-07-31 09685817 2022-08-01 2023-07-31 09685817 2024-07-31 09685817 2023-07-31 09685817 c:Director1 2023-08-01 2024-07-31 09685817 d:OfficeEquipment 2023-08-01 2024-07-31 09685817 d:OfficeEquipment 2024-07-31 09685817 d:OfficeEquipment 2023-07-31 09685817 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09685817 d:ComputerEquipment 2023-08-01 2024-07-31 09685817 d:ComputerEquipment 2024-07-31 09685817 d:ComputerEquipment 2023-07-31 09685817 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09685817 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09685817 d:CurrentFinancialInstruments 2024-07-31 09685817 d:CurrentFinancialInstruments 2023-07-31 09685817 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 09685817 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09685817 d:ShareCapital 2024-07-31 09685817 d:ShareCapital 2023-07-31 09685817 d:RetainedEarningsAccumulatedLosses 2024-07-31 09685817 d:RetainedEarningsAccumulatedLosses 2023-07-31 09685817 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 09685817 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 09685817 c:FRS102 2023-08-01 2024-07-31 09685817 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09685817 c:FullAccounts 2023-08-01 2024-07-31 09685817 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09685817 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 09685817









SBH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
SBH LIMITED
REGISTERED NUMBER: 09685817

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,074
1,616

  
1,074
1,616

Current assets
  

Debtors: amounts falling due within one year
 6 
2,864
38,448

Cash at bank and in hand
 7 
1,038
6,786

  
3,902
45,234

Creditors: amounts falling due within one year
 8 
(4,347)
(36,295)

Net current (liabilities)/assets
  
 
 
(445)
 
 
8,939

Total assets less current liabilities
  
629
10,555

Provisions for liabilities
  

Deferred tax
 9 
(269)
(404)

  
 
 
(269)
 
 
(404)

Net assets
  
360
10,151


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
359
10,150

  
360
10,151


Page 1

 
SBH LIMITED
REGISTERED NUMBER: 09685817
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P Mulholland
Director

Date: 4 November 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SBH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

SBH Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that
the company has adequate resources to continue in operational existence for the foreseeable future.
Therefore, the directors have adopted the going concern basis of accounting in preparing the
financial statements.

Page 3

 
SBH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
SBH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
SBH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and
assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and
the amounts reported for revenues and expenses during the year. The nature of estimation means the
actual outcomes could differ from those estimates.

Page 6

 
SBH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
2,613
1,206
3,819



At 31 July 2024

2,613
1,206
3,819



Depreciation


At 1 August 2023
1,181
1,021
2,202


Charge for the year on owned assets
358
185
543



At 31 July 2024

1,539
1,206
2,745



Net book value



At 31 July 2024
1,074
-
1,074



At 31 July 2023
1,432
185
1,617


5.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


6.


Debtors

2024
2023
£
£


Trade debtors
1,260
34,000

Other debtors
-
4,448

Tax recoverable
1,604
-

2,864
38,448


Page 7

 
SBH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,038
6,786

1,038
6,786



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
23,202

Other taxation and social security
25
-

Other creditors
2,422
3,282

Accruals and deferred income
1,900
9,811

4,347
36,295



9.


Deferred taxation




2024


£






At beginning of year
(404)


Charged to profit or loss
135



At end of year
(269)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(269)
(404)

(269)
(404)


10.


Pension commitments

The company operates a defined contribution scheme for the benefit of the director.

Page 8

 
SBH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

11.


Related party transactions

Included in other creditors is an amount of £2,422 (2023: £3,282) due to the director.

 
Page 9