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REGISTERED NUMBER: 06096035 (England and Wales)


















THE SBCA ACCOUNTANCY GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024






THE SBCA ACCOUNTANCY GROUP LIMITED (REGISTERED NUMBER: 06096035)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SBCA ACCOUNTANCY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: Mr C P Bond





SECRETARY: Mr S F Bond





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
PR1 6AS





REGISTERED NUMBER: 06096035 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

THE SBCA ACCOUNTANCY GROUP LIMITED (REGISTERED NUMBER: 06096035)

BALANCE SHEET
31ST OCTOBER 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 198,388 227,480
Tangible assets 5 31,412 38,986
Investments 6 1 2
229,801 266,468

CURRENT ASSETS
Debtors 7 390,261 372,820
Cash at bank and in hand 138,121 177,709
528,382 550,529
CREDITORS
Amounts falling due within one year 8 (517,385 ) (479,806 )
NET CURRENT ASSETS 10,997 70,723
TOTAL ASSETS LESS CURRENT LIABILITIES 240,798 337,191

CREDITORS
Amounts falling due after more than
one year

9

(119,723

)

(291,990

)

PROVISIONS FOR LIABILITIES 11 (892 ) (1,257 )
NET ASSETS 120,183 43,944

CAPITAL AND RESERVES
Called up share capital 12 10,000 10,000
Retained earnings 13 110,183 33,944
SHAREHOLDERS' FUNDS 120,183 43,944

THE SBCA ACCOUNTANCY GROUP LIMITED (REGISTERED NUMBER: 06096035)

BALANCE SHEET - continued
31ST OCTOBER 2024


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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th March 2025 and were signed by:





Mr C P Bond - Director


THE SBCA ACCOUNTANCY GROUP LIMITED (REGISTERED NUMBER: 06096035)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

The SBCA Accountancy Group 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 is amortised over its' estimated useful economic life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

THE SBCA ACCOUNTANCY GROUP LIMITED (REGISTERED NUMBER: 06096035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


THE SBCA ACCOUNTANCY GROUP LIMITED (REGISTERED NUMBER: 06096035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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.

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 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 581,874
AMORTISATION
At 1st November 2023 354,394
Amortisation for year 29,092
At 31st October 2024 383,486
NET BOOK VALUE
At 31st October 2024 198,388
At 31st October 2023 227,480

THE SBCA ACCOUNTANCY GROUP LIMITED (REGISTERED NUMBER: 06096035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2023 - 16,759 50,000 32,526 99,285
Additions 3,851 - - 6,893 10,744
At 31st October 2024 3,851 16,759 50,000 39,419 110,029
DEPRECIATION
At 1st November 2023 - 15,521 20,833 23,945 60,299
Charge for year 321 357 12,500 5,140 18,318
At 31st October 2024 321 15,878 33,333 29,085 78,617
NET BOOK VALUE
At 31st October 2024 3,530 881 16,667 10,334 31,412
At 31st October 2023 - 1,238 29,167 8,581 38,986

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1st November 2023 2
Disposals (1 )
At 31st October 2024 1
NET BOOK VALUE
At 31st October 2024 1
At 31st October 2023 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 380,298 342,651
Other debtors 9,963 30,169
390,261 372,820

THE SBCA ACCOUNTANCY GROUP LIMITED (REGISTERED NUMBER: 06096035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 9,534 9,534
Trade creditors 13,211 23,761
Amounts owed to group undertakings 100,000 100,000
Taxation and social security 167,017 157,835
Other creditors 227,623 188,676
517,385 479,806

Amounts owed to group undertakings comprises amounts owed to Crystal Securities Holdings Limited, the parent company.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 6,919 16,990
Amounts owed to group undertakings 112,804 275,000
119,723 291,990

Amounts owed to group undertakings comprises the amount owed to Crystal Securities Holdings Limited, the parent company which has an agreed rolling notice period of one year and one day.

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£    £   
Within one year 24,283 628
Between one and five years 78,631 1,518
102,914 2,146

11. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 892 1,257

Deferred
tax
£   
Balance at 1st November 2023 1,257
Provided during year (365 )
Balance at 31st October 2024 892

THE SBCA ACCOUNTANCY GROUP LIMITED (REGISTERED NUMBER: 06096035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
500 A Ordinary £1 500 500
8,400 B Ordinary £1 8,400 8,400
500 C Ordinary £1 500 500
500 D Ordinary £1 500 500
100 Special £1 100 100
10,000 10,000

13. RESERVES
Retained
earnings
£   

At 1st November 2023 33,944
Profit for the year 164,979
Dividends (88,740 )
At 31st October 2024 110,183

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C P Bond.

The company is a wholly owned subsidiary of Crystal Securities Holdings Limited which is 100%
controlled by the director.