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Company Registration No. 07053025 (England and Wales)
Sab Textiles Limited Unaudited accounts for the year ended 31 October 2024
Sab Textiles Limited Unaudited accounts Contents
Page
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Sab Textiles Limited Company Information for the year ended 31 October 2024
Director
Freeman ASANTE
Company Number
07053025 (England and Wales)
Registered Office
Unit 3b Tractor Spare Estate Strawberry Lane Willenhall WV13 3RN
Accountants
Divine Property Services Ltd 166 Lichfield Road Walsall West Midlands WS3 3BJ
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Sab Textiles Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,056 
2,508 
Current assets
Debtors
24,330 
131,054 
Cash at bank and in hand
2,320 
9,235 
26,650 
140,289 
Creditors: amounts falling due within one year
3,267 
(112,199)
Net current assets
29,917 
28,090 
Net assets
31,973 
30,598 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
31,972 
30,597 
Shareholders' funds
31,973 
30,598 
For the year ending 31 October 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 15 April 2025 and were signed on its behalf by
Freeman ASANTE Director Company Registration No. 07053025
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Sab Textiles Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Sab Textiles Limited is a private company, limited by shares, registered in England and Wales, registration number 07053025. The registered office is Unit 3b Tractor Spare Estate, Strawberry Lane, Willenhall, WV13 3RN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
18%
Motor vehicles
18%
Fixtures & fittings
18%
Computer equipment
18%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
5,000 
8,500 
14,351 
27,851 
At 31 October 2024
5,000 
8,500 
14,351 
27,851 
Depreciation
At 1 November 2023
4,585 
7,943 
12,815 
25,343 
Charge for the year
74 
101 
277 
452 
At 31 October 2024
4,659 
8,044 
13,092 
25,795 
Net book value
At 31 October 2024
341 
456 
1,259 
2,056 
At 31 October 2023
415 
557 
1,536 
2,508 
2024 
2023 
£ 
£ 
Carrying amount of plant & machinery on cost basis
5 
5 
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Sab Textiles Limited Notes to the Accounts for the year ended 31 October 2024
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Fixtures & fittings
5 
5 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,330 
131,054 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
108,507 
Taxes and social security
(7,118)
(13,508)
Other creditors
3,851 
17,200 
(3,267)
112,199 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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