Company Registration No. 12179767 (England and Wales)
SB-Design Consultancy Ltd
Unaudited accounts
for the year ended 31 August 2024
SB-Design Consultancy Ltd
Unaudited accounts
Contents
SB-Design Consultancy Ltd
Company Information
for the year ended 31 August 2024
Director
Steven Rene Baltrusch
Company Number
12179767 (England and Wales)
Registered Office
335 Grove Green Road
London
E11 4AQ
Accountants
Kevin Gibbons MAAT
Virtual Financial Controller Limited
11 Sussex Avenue
Romford
RM3 0TA
SB-Design Consultancy Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
19,596
19,491
Cash at bank and in hand
48,096
26,038
Creditors: amounts falling due within one year
(11,568)
(8,133)
Net current assets
41,604
20,805
Total assets less current liabilities
61,200
40,296
Creditors: amounts falling due after more than one year
(10,742)
(13,150)
Called up share capital
100
100
Profit and loss account
50,358
27,046
Shareholders' funds
50,458
27,146
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2025 and were signed on its behalf by
Steven Rene Baltrusch
Director
Company Registration No. 12179767
SB-Design Consultancy Ltd
Notes to the Accounts
for the year ended 31 August 2024
SB-Design Consultancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 12179767. The registered office is 335 Grove Green Road, London, E11 4AQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
33% Straight Line
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
19,320
1,310
3,550
24,180
Additions
-
285
1,166
1,451
At 31 August 2024
19,320
1,595
4,716
25,631
At 1 September 2023
1,352
389
2,948
4,689
Charge for the year
773
268
305
1,346
At 31 August 2024
2,125
657
3,253
6,035
At 31 August 2024
17,195
938
1,463
19,596
At 31 August 2023
17,968
921
602
19,491
SB-Design Consultancy Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,123
1,800
Obligations under finance leases and hire purchase contracts
622
-
Taxes and social security
8,026
5,298
Loans from directors
163
15
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Creditors: amounts falling due after more than one year
2024
2023
Aggregate of amounts that fall due for payment after five years
1,771
4,087
During 2019/2020 the company obtained a loan under the Covid-19 Bounce Back Loan scheme, underwritten by the UK Government. The loan was repayable from January 2022 over a period of 100 months.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).