SBE Kent Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07146143

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,965		10,620

			7,965		10,620
CURRENT ASSETS
Debtors	5	244,876		317,006
Cash at bank and in hand		47,574		114,825

		292,450		431,831
Creditors: Amounts Falling Due Within One Year	6	(313,067 )		(539,626 )

NET CURRENT ASSETS (LIABILITIES)			(20,617 )		(107,795 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(12,652 )		(97,175 )

Creditors: Amounts Falling Due After More Than One Year	7		(65,569 )		(24,850 )

NET LIABILITIES			(78,221 )		(122,025 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(78,223 )		(122,027 )

SHAREHOLDERS' FUNDS			(78,221)		(122,025)

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SBE Kent Limited

Balance Sheet (continued)

As At 31 July 2024

For the year ending 31 July 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Stefan Buscaglia

Director

04/04/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

SBE Kent Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07146143 . The registered office is Unit 1, Block J, , The Mill Horton Road, South Darenth, Dartford, Kent, DA4 9LW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Basis
Motor Vehicles	25% Reducing Basis
Fixtures & Fittings	25% Reducing Basis
Computer Equipment	25% Reducing Basis

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Taxation

Corporation tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 9)

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SBE Kent Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2024

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 August 2023	1,275	24,262	299	5,946	31,782

As at 31 July 2024	1,275	24,262	299	5,946	31,782

Depreciation
As at 1 August 2023	1,198	14,338	173	5,453	21,162
Provided during the period	19	2,481	31	124	2,655

As at 31 July 2024	1,217	16,819	204	5,577	23,817

Net Book Value
As at 31 July 2024	58	7,443	95	369	7,965

As at 1 August 2023	77	9,924	126	493	10,620

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	219,969	266,570
VAT	22,807	48,336

	242,776	314,906
Due after more than one year
Amounts recoverable on contracts	2,100	2,100

	244,876	317,006

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	166,590	414,148
Bank loans and overdrafts	15,534	10,000
Other loans	96,389	102,216
Corporation tax	20,713	(36 )
Other taxes and social security	13,091	11,934
Net wages	207	770
NEST Pension	543	594

	313,067	539,626

Bank Loans

Barclays Loan - £7,225

Funding Circle Loan - £8,309

Credit Cards

Barclaycard £19,408

AMEX £76,980

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SBE Kent Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2024

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	3,425	6,446
Bank loans	62,144	18,404

	65,569	24,850

Bank Loans

Barclays £28,904

Funding Circle £33,239

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	3,425	6,446

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

10. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	48,000	114,500

S. Buscaglia - £24,000

S. Stanton - £24,000

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