Registered number
03639207
SARBKAR NW LTD.
Unaudited Filleted Accounts
31 December 2024
SARBKAR NW LTD.
Registered number: 03639207
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,096 26,028
Current assets
Stocks 129,267 97,543
Debtors 4 9,794 7,027
Cash at bank and in hand 127,007 127,598
266,068 232,168
Creditors: amounts falling due within one year 5 (123,010) (106,787)
Net current assets 143,058 125,381
Total assets less current liabilities 169,154 151,409
Creditors: amounts falling due after more than one year 6 (2,351) (12,959)
Net assets 166,803 138,450
Capital and reserves
Called up share capital 2 2
Profit and loss account 166,801 138,448
Shareholders' funds 166,803 138,450
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Standish
Director
Approved by the board on 5 February 2025
SARBKAR NW LTD.
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements over 50 years
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Improvements to Freehold Property Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 14,047 62,988 77,035
Additions - 2,850 2,850
At 31 December 2024 14,047 65,838 79,885
Depreciation
At 1 January 2024 4,609 46,398 51,007
Charge for the year 281 2,501 2,782
At 31 December 2024 4,890 48,899 53,789
Net book value
At 31 December 2024 9,157 16,939 26,096
At 31 December 2023 9,438 16,590 26,028
4 Debtors 2024 2023
£ £
Trade debtors 9,794 7,027
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,483 10,483
Trade creditors 1,199 3,982
Taxation and social security costs 20,917 10,755
Other creditors 90,411 81,567
123,010 106,787
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,351 12,959
7 Other information
SARBKAR NW LTD. is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1 Woodend Industrial Estate
Woodend Avenue
Speke
Liverpool
L24 9NB
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