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
Sab Textiles Limited
Company Information
for the year ended 31 October 2024
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
Sab Textiles Limited
Statement of financial position
as at 31 October 2024
Tangible assets
2,056
2,508
Cash at bank and in hand
2,320
9,235
Creditors: amounts falling due within one year
3,267
(112,199)
Net current assets
29,917
28,090
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
Sab Textiles Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
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:
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
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
At 31 October 2024
341
456
1,259
2,056
At 31 October 2023
415
557
1,536
2,508
Carrying amount of plant & machinery on cost basis
5
5
Sab Textiles Limited
Notes to the Accounts
for the year ended 31 October 2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
24,330
131,054
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(7,118)
(13,508)
Other creditors
3,851
17,200
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).