SBI SOLUTIONS LIMITED

Company Registration Number:
10386690 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

SBI SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SBI SOLUTIONS LIMITED

Profit And Loss Account

for the Period Ended 30 September 2023

2023 2022


£

£
Turnover: 18,345,670 16,945,230
Cost of sales: ( 16,319,172 ) ( 14,649,151 )
Gross profit(or loss): 2,026,498 2,296,079
Distribution costs: ( 336,798 ) ( 230,560 )
Administrative expenses: ( 768,981 ) ( 630,560 )
Operating profit(or loss): 920,719 1,434,959
Profit(or loss) before tax: 920,719 1,434,959
Profit(or loss) for the financial year: 920,719 1,434,959

SBI SOLUTIONS LIMITED

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Called up share capital not paid: 3,000 2,500
Fixed assets
Intangible assets: 3 145,634 120,467
Tangible assets: 4 558,676 411,696
Investments: 5 165,430 151,963
Total fixed assets: 869,740 684,126
Current assets
Stocks:   0 0
Debtors: 6 561,348 314,936
Cash at bank and in hand: 422,898 805,444
Total current assets: 984,246 1,120,380
Prepayments and accrued income: 23,460 20,430
Creditors: amounts falling due within one year: 7 ( 467,420 ) ( 130,456 )
Net current assets (liabilities): 540,286 1,010,354
Total assets less current liabilities: 1,413,026 1,696,980
Creditors: amounts falling due after more than one year: 8 ( 155,430 ) ( 90,743 )
Provision for liabilities: ( 36,256 ) ( 31,278 )
Total net assets (liabilities): 1,221,340 1,574,959
Capital and reserves
Called up share capital: 145,000 140,000
Other reserves: 155,621 0
Profit and loss account: 920,719 1,434,959
Total Shareholders' funds: 1,221,340 1,574,959

The notes form part of these financial statements

SBI SOLUTIONS LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 5 November 2024
and signed on behalf of the board by:

Name: Samee Ullah
Status: Director

The notes form part of these financial statements

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is Recognised When it is Probable that Its Economic Benefits associated with tranactions will flow to company and the amount of revenue and associated cost can reliably measured.

    Tangible fixed assets depreciation policy

    Assets should be depreciated at 10 % per annually.

    Other accounting policies

    These financial statements have been prepared in accordance with the provisions of Section l A (Small Entities) of Financial Reporting Standards 102

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 10 8

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 October 2022 120,467 0 120,467
Additions 25,167 0 25,167
Disposals 0 0 0
Revaluations
Transfers
At 30 September 2023 145,634 0 145,634
Amortisation
At 1 October 2022 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments
At 30 September 2023 0 0 0
Net book value
At 30 September 2023 145,634 0 145,634
At 30 September 2022 120,467 0 120,467

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2022 230,860 63,955 35,751 77,107 4,023 411,696
Additions 45,620 35,670 65,690 146,980
Disposals
Revaluations
Transfers
At 30 September 2023 276,480 99,625 35,751 77,107 69,713 558,676
Depreciation
At 1 October 2022 0 0 0 0 0 0
Charge for year
On disposals
Other adjustments
At 30 September 2023 0 0 0 0 0 0
Net book value
At 30 September 2023 276,480 99,625 35,751 77,107 69,713 558,676
At 30 September 2022 230,860 63,955 35,751 77,107 4,023 411,696

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Fixed assets investments note

Computers, Scanners, Printers, Mobiles, Furniture, Fans, Heater, Air Conditioner, Car, Soft Switches.

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Debtors

2023 2022
£ £
Trade debtors 561,348 314,936
Total 561,348 314,936

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 467,420 130,456
Total 467,420 130,456

SBI SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 155,430 90,743
Total 155,430 90,743