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REGISTERED NUMBER: 08067128 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SBPS SOLUTIONS LIMITED

SBPS SOLUTIONS LIMITED (REGISTERED NUMBER: 08067128)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SBPS SOLUTIONS LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTOR: Mrs B Sudarshan





REGISTERED OFFICE: 15 Leigh Avenue
Redbridge
Ilford
Essex
IG4 5PH





REGISTERED NUMBER: 08067128 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

SBPS SOLUTIONS LIMITED (REGISTERED NUMBER: 08067128)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 530 1,045

CURRENT ASSETS
Debtors 5 2,500 -
Cash at bank 43,430 35,286
45,930 35,286
CREDITORS
Amounts falling due within one year 6 17,828 12,437
NET CURRENT ASSETS 28,102 22,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,632

23,894

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 28,631 23,893
SHAREHOLDERS' FUNDS 28,632 23,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 27 February 2025 and were signed by:





Mrs B Sudarshan - Director


SBPS SOLUTIONS LIMITED (REGISTERED NUMBER: 08067128)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Sbps Solutions 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.

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 etc - 33% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

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.

3. EMPLOYEES AND DIRECTORS

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

SBPS SOLUTIONS LIMITED (REGISTERED NUMBER: 08067128)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 4,366
DEPRECIATION
At 1 June 2023 3,321
Charge for year 515
At 31 May 2024 3,836
NET BOOK VALUE
At 31 May 2024 530
At 31 May 2023 1,045

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,500 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,309 6,154
Taxation and social security 2,639 1,827
Other creditors 10,880 4,456
17,828 12,437

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £6,000 (2023 - £2,000) were paid to the director .

At the Balancesheet date the company owed £10,880 (2023 : £4,456) to the sole director.