2024-01-012024-12-312024-12-31false10693014SFB VENTURES 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SFB VENTURES LTD

Registered Number
10693014
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

SFB VENTURES LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

MAZALON, Lucy Victoria
MCCARTHY, Benjamin James Aylward

Company Secretary

MCCARTHY, Benjamin James Aylward

Registered Address

Third Floor Library Building
Sun Street
Tewkesbury
GL20 5NX

Registered Number

10693014 (England and Wales)
SFB VENTURES LTD
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets363,46260,303
Tangible assets411,6348,921
75,09669,224
Current assets
Debtors308,888104,385
Cash at bank and on hand426,000420,161
734,888524,546
Creditors amounts falling due within one year(258,553)(146,783)
Net current assets (liabilities)476,335377,763
Total assets less current liabilities551,431446,987
Net assets551,431446,987
Capital and reserves
Called up share capital400400
Profit and loss account551,031446,587
Shareholders' funds551,431446,987
The financial statements were approved and authorised for issue by the Board of Directors on 2 April 2025, and are signed on its behalf by:
MCCARTHY, Benjamin James Aylward
Director
Registered Company No. 10693014
SFB VENTURES LTD
Notes to the Financial Statements
for the year ended 31 December 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment33.33
2.Average number of employees

20242023
Average number of employees during the year2115
3.Intangible assets

Total

£
Cost or valuation
At 01 January 2462,623
Additions25,086
At 31 December 2487,709
Amortisation and impairment
At 01 January 242,321
Charge for year21,926
At 31 December 2424,247
Net book value
At 31 December 2463,462
At 31 December 2360,303
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2425,737
Additions15,639
At 31 December 2441,376
Depreciation and impairment
At 01 January 2416,816
Charge for year12,926
At 31 December 2429,742
Net book value
At 31 December 2411,634
At 31 December 238,921