SBB Group Ltd 08931757 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Other building completion and finishing Digita Accounts Production Advanced 6.30.9574.0 true true 08931757 2023-04-01 2024-03-31 08931757 2024-03-31 08931757 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 08931757 core:CurrentFinancialInstruments 2024-03-31 08931757 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08931757 core:Non-currentFinancialInstruments 2024-03-31 08931757 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08931757 core:MotorVehicles 2024-03-31 08931757 core:PlantMachinery 2024-03-31 08931757 bus:SmallEntities 2023-04-01 2024-03-31 08931757 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08931757 bus:FilletedAccounts 2023-04-01 2024-03-31 08931757 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08931757 bus:RegisteredOffice 2023-04-01 2024-03-31 08931757 bus:Director1 2023-04-01 2024-03-31 08931757 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08931757 core:MotorVehicles 2023-04-01 2024-03-31 08931757 core:PlantMachinery 2023-04-01 2024-03-31 08931757 countries:EnglandWales 2023-04-01 2024-03-31 08931757 2023-03-31 08931757 core:MotorVehicles 2023-03-31 08931757 core:PlantMachinery 2023-03-31 08931757 2022-04-01 2023-03-31 08931757 2023-03-31 08931757 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-03-31 08931757 core:CurrentFinancialInstruments 2023-03-31 08931757 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08931757 core:Non-currentFinancialInstruments 2023-03-31 08931757 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08931757 core:MotorVehicles 2023-03-31 08931757 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 08931757

SBB Group Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

SBB Group Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

SBB Group Ltd

Company Information

Director:

Mr S Bumbuc

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

08931757

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

SBB Group Ltd

(Registration number: 08931757)
Balance Sheet as at 31 March 2024

Note

31.03.24

31.03.23

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

85,973

 

12,937

CURRENT ASSETS

   

 

Debtors

5

274,215

 

307,947

 

Cash at bank and in hand

 

286,876

 

39,532

 

 

561,091

 

347,479

 

CREDITORS

   

 

Creditors within 1yr

6

284,180

 

194,842

 

Net current assets

   

276,911

 

152,637

Total assets less current liabilities

   

362,884

 

165,574

Creditors
Amounts falling due after more than one year

6

 

155,818

 

116,079

PROVISIONS FOR LIABILITIES

 

(21,493)

 

-

Net assets

   

185,573

 

49,495

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

185,473

 

49,395

Shareholders' funds

   

185,573

 

49,495

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 February 2025

 

SBB Group Ltd

(Registration number: 08931757)
Balance Sheet as at 31 March 2024 (continued)

.........................................
Mr S Bumbuc
Director

 

SBB Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 18 February 2025.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

 

SBB Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

SBB Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

 

SBB Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4.

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

4,690

12,144

16,834

Additions

2,082

91,964

94,046

At 31 March 2024

6,772

104,108

110,880

Depreciation

At 1 April 2023

3,770

127

3,897

Charge for the year

1,519

19,491

21,010

At 31 March 2024

5,289

19,618

24,907

Carrying amount

At 31 March 2024

1,483

84,490

85,973

At 31 March 2023

920

12,017

12,937

5.

Debtors

Current

31.03.24
£

31.03.23
£

Trade debtors

161,176

192,126

Other debtors

113,039

115,821

 

274,215

307,947

6.

Creditors

Creditors: amounts falling due within one year

Note

31.03.24
£

31.03.23
£

Due within one year

 

Loans and borrowings

7

1,830

436

Trade creditors

 

114,662

-

Taxation and social security

 

94,526

52,009

Accruals and deferred income

 

8,325

5,195

Other creditors

 

64,837

137,202

 

284,180

194,842

 

SBB Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

31.03.24
£

31.03.23
£

Due after one year

 

Loans and borrowings

7

155,818

116,079

7.

Loans and borrowings

31.03.24
£

31.03.23
£

Non-current loans and borrowings

Bank borrowings

29,371

44,371

Hire purchase contracts

86,621

12,144

Other borrowings

39,826

59,564

155,818

116,079

31.03.24
£

31.03.23
£

Current loans and borrowings

Bank overdrafts

1,830

436