Company Registration No. SC489401 (Scotland)
SBF ENTERPRISES LTD
Unaudited accounts
for the year ended 31 October 2024
SBF ENTERPRISES LTD
Unaudited accounts
Contents
SBF ENTERPRISES LTD
Company Information
for the year ended 31 October 2024
Directors
Stella Sichi
Colin Beck
Secretary
Carla Luis Sichi
Company Number
SC489401 (Scotland)
Registered Office
250 Blairtummock Road
Easter Queenslie Industrial Estate
Glasgow
G33 4ED
Accountants
Lynsey Murray
22 Bluebell Drive
Glasgow
G77 6FN
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
SBF ENTERPRISES LTD
for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SBF ENTERPRISES LTD for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of SBF ENTERPRISES LTD, as a body, in accordance with the terms of our engagement letter dated 20 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of SBF ENTERPRISES LTD and state those matters that we have agreed to state to the Board of Directors of SBF ENTERPRISES LTD, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SBF ENTERPRISES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SBF ENTERPRISES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SBF ENTERPRISES LTD. You consider that SBF ENTERPRISES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SBF ENTERPRISES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lynsey Murray
Member in Practice
22 Bluebell Drive
Glasgow
G77 6FN
14 January 2025
SBF ENTERPRISES LTD
Statement of financial position
as at 31 October 2024
Tangible assets
112,702
115,302
Cash at bank and in hand
30,826
15,691
Creditors: amounts falling due within one year
(89,181)
(87,276)
Net current liabilities
(58,105)
(71,335)
Called up share capital
3
3
Profit and loss account
54,594
43,964
Shareholders' funds
54,597
43,967
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by
Stella Sichi
Director
Company Registration No. SC489401
SBF ENTERPRISES LTD
Notes to the Accounts
for the year ended 31 October 2024
SBF ENTERPRISES LTD is a private company, limited by shares, registered in Scotland, registration number SC489401. The registered office is 250 Blairtummock Road, Easter Queenslie Industrial Estate, Glasgow, G33 4ED.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any
provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed
assets, less their estimated residual value, over their expected useful lives on the following basis:
Land & buildings
2% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Land & buildings
At 1 November 2023
129,982
At 31 October 2024
129,982
At 31 October 2024
112,702
At 31 October 2023
115,302
SBF ENTERPRISES LTD
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,103
2,117
Other creditors
85,718
85,159
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).