IRIS Accounts Production v24.3.2.46 07294768 Board of Directors 1.1.24 31.12.24 31.12.24 true false true false false true false Ordinary 1.00000 A Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072947682023-12-31072947682024-12-31072947682024-01-012024-12-31072947682022-12-31072947682023-01-012023-12-31072947682023-12-3107294768ns15:EnglandWales2024-01-012024-12-3107294768ns14:PoundSterling2024-01-012024-12-3107294768ns10:Director12024-01-012024-12-3107294768ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107294768ns10:SmallEntities2024-01-012024-12-3107294768ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107294768ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107294768ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107294768ns10:FullAccounts2024-01-012024-12-3107294768ns10:OrdinaryShareClass12024-01-012024-12-3107294768ns10:OrdinaryShareClass22024-01-012024-12-3107294768ns10:Director22024-01-012024-12-3107294768ns10:CompanySecretary12024-01-012024-12-3107294768ns10:RegisteredOffice2024-01-012024-12-3107294768ns5:CurrentFinancialInstruments2024-12-3107294768ns5:CurrentFinancialInstruments2023-12-3107294768ns5:ShareCapital2024-12-3107294768ns5:ShareCapital2023-12-3107294768ns5:RetainedEarningsAccumulatedLosses2024-12-3107294768ns5:RetainedEarningsAccumulatedLosses2023-12-3107294768ns5:ComputerEquipment2024-01-012024-12-3107294768ns5:ComputerEquipment2023-12-3107294768ns5:ComputerEquipment2024-12-3107294768ns5:ComputerEquipment2023-12-3107294768ns5:CostValuation2024-12-3107294768ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-12-3107294768ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107294768ns5:WithinOneYear2024-12-3107294768ns5:WithinOneYear2023-12-3107294768ns5:BetweenOneFiveYears2024-12-3107294768ns5:BetweenOneFiveYears2023-12-3107294768ns5:AllPeriods2024-12-3107294768ns5:AllPeriods2023-12-3107294768ns10:OrdinaryShareClass12024-12-3107294768ns10:OrdinaryShareClass22024-12-31072947681ns10:Director12023-12-31072947681ns10:Director12022-12-31072947681ns10:Director12024-01-012024-12-31072947681ns10:Director12023-01-012023-12-31072947681ns10:Director12024-12-31072947681ns10:Director12023-12-31
REGISTERED NUMBER: 07294768 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

SUBC Engineering Limited

SUBC Engineering Limited (Registered number: 07294768)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUBC Engineering Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C Burney
R L Wetton





SECRETARY: C Burney





REGISTERED OFFICE: 32 Derby Street
Ormskirk
Lancashire
L39 2BY





REGISTERED NUMBER: 07294768 (England and Wales)





ACCOUNTANTS: Myersons
Chartered Accountants
32 Derby Street
Ormskirk
Lancashire
L39 2BY

SUBC Engineering Limited (Registered number: 07294768)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,507 1,575
Investments 5 303,431 303,431
304,938 305,006

CURRENT ASSETS
Debtors 6 635,500 747,287
Cash at bank and in hand 512,309 433,287
1,147,809 1,180,574
CREDITORS
Amounts falling due within one year 7 199,718 212,462
NET CURRENT ASSETS 948,091 968,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,253,029

1,273,118

PROVISIONS FOR LIABILITIES 370 370
NET ASSETS 1,252,659 1,272,748

CAPITAL AND RESERVES
Called up share capital 9 250,000 250,000
Retained earnings 1,002,659 1,022,748
SHAREHOLDERS' FUNDS 1,252,659 1,272,748

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

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

The directors acknowledge their 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.

SUBC Engineering Limited (Registered number: 07294768)

Balance Sheet - continued
31 December 2024


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 Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





C Burney - Director


SUBC Engineering Limited (Registered number: 07294768)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

SUBC Engineering 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.
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
Short term loan notes that mature in 12 months or less are recognised at cost with an accrual for interest due.

Taxation
Taxation for the year comprises current tax, deferred tax and foreign tax suffered. 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.

Foreign tax deductions suffered are included in 'tax on profit' figure in the statutory income statement in the financial statements.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

SUBC Engineering Limited (Registered number: 07294768)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024 19,238
Additions 1,614
Disposals (1,412 )
At 31 December 2024 19,440
DEPRECIATION
At 1 January 2024 17,663
Charge for year 1,682
Eliminated on disposal (1,412 )
At 31 December 2024 17,933
NET BOOK VALUE
At 31 December 2024 1,507
At 31 December 2023 1,575

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2024
and 31 December 2024 303,431
NET BOOK VALUE
At 31 December 2024 303,431
At 31 December 2023 303,431

SUBC Engineering Limited (Registered number: 07294768)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 219,717 459,282
Amounts owed by associates 195,637 177,688
Other debtors 2,040 -
Directors' current accounts - 131
VAT 2,297 -
Prepayments and accrued income 215,809 110,186
635,500 747,287

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 112,865 106,195
Tax 50,682 24,050
Social security and other taxes 11,047 14,835
VAT - 2,725
Other creditors 2,365 2,864
Directors' current accounts 120 -
Accrued expenses 22,639 61,793
199,718 212,462

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 10,768 3,839
Between one and five years 16,152 -
26,920 3,839

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
217,500 Ordinary £1 217,500 217,500
32,500 A Ordinary £1 32,500 32,500
250,000 250,000

SUBC Engineering Limited (Registered number: 07294768)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
C Burney
Balance outstanding at start of year 131 (52,000 )
Amounts repaid - 52,000
Amounts written off (131 ) -
Amounts waived - -
Balance outstanding at end of year - 131

11. ULTIMATE CONTROLLING PARTY

The controlling party is C Burney.