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Company Registration No. 11180853 (England and Wales)
S B Recovery UK Limited Unaudited accounts for the year ended 31 January 2024
S B Recovery UK Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
348,687 
180,373 
Investments
54,854 
54,854 
403,541 
235,227 
Current assets
Debtors
4,886 
4,886 
Cash at bank and in hand
265,665 
104,260 
270,551 
109,146 
Creditors: amounts falling due within one year
(551,807)
(236,403)
Net current liabilities
(281,256)
(127,257)
Total assets less current liabilities
122,285 
107,970 
Creditors: amounts falling due after more than one year
(29,036)
(38,715)
Net assets
93,249 
69,255 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
92,249 
68,255 
Shareholders' funds
93,249 
69,255 
For the year ending 31 January 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 31 January 2025 and were signed on its behalf by
Mr Mohammad Nasir Tahiry Director Company Registration No. 11180853
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S B Recovery UK Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
S B Recovery UK Limited is a private company, limited by shares, registered in England and Wales, registration number 11180853. The registered office is 97 RUSHDENE CRESCENT, NORTHOLT, UB5 6NG, ENGLAND.
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.
3
Accounting policies
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
6% on reducing balance
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S B Recovery UK Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
238,951 
Additions
225,753 
At 31 January 2024
464,704 
Depreciation
At 1 February 2023
58,578 
Charge for the year
57,439 
At 31 January 2024
116,017 
Net book value
At 31 January 2024
348,687 
At 31 January 2023
180,373 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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