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SUB CORP LIMITED

Registered Number
12028416
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

SUB CORP LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

SYED, Moutasim Billah

Registered Address

30 Compton Avenue
Sudbury
HA0 3FD

Registered Number

12028416 (England and Wales)
SUB CORP LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors332,10050,100
Cash at bank and on hand12,8121,656
44,91251,756
Creditors amounts falling due within one year4(15,152)(13,661)
Net current assets (liabilities)29,76038,095
Total assets less current liabilities29,76038,095
Creditors amounts falling due after one year5(35,922)(42,226)
Net assets(6,162)(4,131)
Capital and reserves
Called up share capital100100
Profit and loss account(6,262)(4,231)
Shareholders' funds(6,162)(4,131)
The financial statements were approved and authorised for issue by the Director on 27 March 2025, and are signed on its behalf by:
SYED, Moutasim Billah
Director
Registered Company No. 12028416
SUB CORP LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings30,100100
Other debtors2,00050,000
Total32,10050,100
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.
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts4,8004,800
Amounts owed to related parties8,9367,805
Other creditors696696
Accrued liabilities and deferred income720360
Total15,15213,661
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.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts35,92242,226
Total35,92242,226
6.Directors advances, credits and guarantees
Included in other debtors is an amount of £2,000 which relates to the director's loan account Mr M B Syed.
7.Related party transactions
At the year-end, Amounts owed by/to group undertakings balance include £100 due from Syed Group Holdings Limited and £8,936 (2023: £7,805) due to Ahem ! Ltd, £15,000 (2023: £Nil) due to AHO Limited and £15,000 (2023: £Nil) due to AHO2 Limited ,where Mr M B Syed is also the director of those companies. Included in other creditors is an amount of £696 (2023:£696) which relates to Ahem (UK) Ltd, where Mr M B Syed is also the director of the company.