2023-11-01 07037491 2024-10-31 07037491 2023-11-01 2024-10-31 07037491 2023-10-31 07037491 2022-11-01 2023-10-31 07037491 uk-core:WithinOneYear 2023-10-31 07037491 uk-core:WithinOneYear 2024-10-31 07037491 uk-core:ShareCapital 2024-10-31 07037491 uk-core:ShareCapital 2023-10-31 07037491 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 07037491 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 07037491 uk-bus:Director1 2023-11-01 2024-10-31 07037491 uk-core:ComputerEquipment 2023-11-01 2024-10-31 07037491 uk-core:CommercialMotorVehicles 2023-11-01 2024-10-31 07037491 uk-core:FurnitureFittings 2023-11-01 2024-10-31 07037491 uk-core:ComputerEquipment 2023-10-31 07037491 uk-core:FurnitureFittings 2023-10-31 07037491 uk-core:CommercialMotorVehicles 2023-10-31 07037491 uk-core:CommercialMotorVehicles 2024-10-31 07037491 uk-core:FurnitureFittings 2024-10-31 07037491 uk-core:ComputerEquipment 2024-10-31 iso4217:GBP xbrli:pure 07037491 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07037491 uk-bus:FRS102 2023-11-01 2024-10-31 07037491 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 07037491 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
SB Asbestos Management Ltd
Registered Number:07037491
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2024
SB Asbestos Management Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07037491
As at 31 October 2024
SB Asbestos Management Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
618
1,616
2
618
1,616
Current assets
Trade and other receivables
55,871
29,185
3
38,963
Cash and cash equivalents
54,861
84,046
94,834
Trade and other payables: amounts falling due within one year
(41,548)
(33,893)
4
53,286
50,153
Net current assets
Total assets less current liabilities
50,771
54,902
(130)
(404)
Provisions for liabilities
50,641
Net assets
54,498
Capital and reserves
Called up share capital
100
100
Retained earnings
50,541
54,398
50,641
54,498
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Julian Wilshaw Director
These financial statements were approved and authorised for issue by the Board on 19 March 2025 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 October 2024
SB Asbestos Management Ltd
Notes to the Financial Statements
Statutory Information
SB Asbestos Management Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07037491.
Registered address:
15 Southlands Avenue
Wolstanton
Newcastle under Lyme
Staffordshire
ST5 8BZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Straight line
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2 of 3
5
For the year ended 31 October 2024
SB Asbestos Management Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
£
£
£
£
Cost or valuation
At 01 November 2023
27,271
3,543
1,014
22,714
(1,153)
-
(22,714)
Disposals
(23,867)
At 31 October 2024
-
1,014
2,390
3,404
Provision for depreciation and impairment
At 01 November 2023
25,655
2,410
1,014
22,231
Charge for year
514
514
-
-
(23,383)
(1,152)
-
(22,231)
On disposal
At 31 October 2024
2,786
1,772
1,014
-
At 31 October 2024
Net book value
-
-
618
618
At 31 October 2023
483
-
1,133
1,616
3. Trade and other receivables
2023
2024
£
£
Trade debtors
26,129
52,906
Other debtors
3,056
2,965
55,871
29,185
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
1,030
10,000
Taxation and social security
31,561
30,393
Other creditors
1,302
1,155
33,893
41,548
5. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
3 of 3