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REGISTERED NUMBER: 05410123 (England and Wales)















SBA ASSOCIATES LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2024






SBA ASSOCIATES LIMITED (REGISTERED NUMBER: 05410123)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SBA ASSOCIATES LIMITED

Company Information
for the year ended 30 April 2024







Directors: O E Sherwood
S M Kriss





Secretary: O E Sherwood





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 05410123 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

SBA ASSOCIATES LIMITED (REGISTERED NUMBER: 05410123)

Balance Sheet
30 April 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 4 1,350 2,700
Tangible assets 5 1,044 556
2,394 3,256

Current assets
Debtors 6 12,399 18,301
Cash at bank 96,359 93,971
108,758 112,272
Creditors
Amounts falling due within one year 7 (49,254 ) (35,718 )
Net current assets 59,504 76,554
Total assets less current liabilities 61,898 79,810

Capital and reserves
Called up share capital 8 104 104
Retained earnings 9 61,794 79,706
Shareholders' funds 61,898 79,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SBA ASSOCIATES LIMITED (REGISTERED NUMBER: 05410123)

Balance Sheet - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





O E Sherwood - Director


SBA ASSOCIATES LIMITED (REGISTERED NUMBER: 05410123)

Notes to the Financial Statements
for the year ended 30 April 2024


1. Statutory information

SBA Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

SBA ASSOCIATES LIMITED (REGISTERED NUMBER: 05410123)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


4. Intangible fixed assets
Goodwill
£
Cost
At 1 May 2023
and 30 April 2024 27,000
Amortisation
At 1 May 2023 24,300
Amortisation for year 1,350
At 30 April 2024 25,650
Net book value
At 30 April 2024 1,350
At 30 April 2023 2,700

5. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
At 1 May 2023 961 3,043 3,919 7,923
Additions - 255 800 1,055
At 30 April 2024 961 3,298 4,719 8,978
Depreciation
At 1 May 2023 959 2,951 3,457 7,367
Charge for year - 77 490 567
At 30 April 2024 959 3,028 3,947 7,934
Net book value
At 30 April 2024 2 270 772 1,044
At 30 April 2023 2 92 462 556

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 12,399 18,301

SBA ASSOCIATES LIMITED (REGISTERED NUMBER: 05410123)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 3,210 -
Taxation and social security 28,928 26,450
Other creditors 17,116 9,268
49,254 35,718

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
47 A Shares £1 47 47
47 B Shares £1 47 47
100 D Shares 10p 10 10
104 104

9. Reserves
Retained
earnings
£

At 1 May 2023 79,706
Profit for the year 92,088
Dividends (110,000 )
At 30 April 2024 61,794