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REGISTERED NUMBER: 06671704 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

SB Surfacing Ltd

SB Surfacing Ltd (Registered number: 06671704)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SB Surfacing Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Shaun Lee Brooker





SECRETARY: Carol Shepherd





REGISTERED OFFICE: Twelve Oaks Farm
Brickyard Road
Swanmore
Southampton
Hampshire
SO32 2PJ





REGISTERED NUMBER: 06671704 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

SB Surfacing Ltd (Registered number: 06671704)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 182,983 193,123

CURRENT ASSETS
Debtors 5 155,390 211,545
Cash at bank 100,214 75,744
255,604 287,289
CREDITORS
Amounts falling due within one year 6 86,099 65,015
NET CURRENT ASSETS 169,505 222,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,488

415,397

CREDITORS
Amounts falling due after more than
one year

7

(29,967

)

(46,991

)

PROVISIONS FOR LIABILITIES (45,746 ) (43,457 )
NET ASSETS 276,775 324,949

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 276,771 324,945
SHAREHOLDERS' FUNDS 276,775 324,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

SB Surfacing Ltd (Registered number: 06671704)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





Shaun Lee Brooker - Director


SB Surfacing Ltd (Registered number: 06671704)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

SB Surfacing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SB Surfacing Ltd (Registered number: 06671704)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 230,373 43,270 269,122 542,765
Additions 18,275 2,789 - 21,064
At 31 August 2024 248,648 46,059 269,122 563,829
DEPRECIATION
At 1 September 2023 143,076 39,513 167,053 349,642
Charge for year 4,051 1,636 25,517 31,204
At 31 August 2024 147,127 41,149 192,570 380,846
NET BOOK VALUE
At 31 August 2024 101,521 4,910 76,552 182,983
At 31 August 2023 87,297 3,757 102,069 193,123

SB Surfacing Ltd (Registered number: 06671704)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 57,000 17,783 74,783
DEPRECIATION
At 1 September 2023 14,251 12,157 26,408
Charge for year 10,688 1,406 12,094
At 31 August 2024 24,939 13,563 38,502
NET BOOK VALUE
At 31 August 2024 32,061 4,220 36,281
At 31 August 2023 42,749 5,626 48,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 118,254 91,102
Amounts recoverable on contract 17,782 48,034
Other debtors 19,354 72,409
155,390 211,545

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,777
Hire purchase contracts 7,800 9,452
Trade creditors 14,469 8,295
Taxation and social security 47,935 33,221
Other creditors 5,895 3,270
86,099 65,015

SB Surfacing Ltd (Registered number: 06671704)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 9,167 18,391
Hire purchase contracts 20,800 28,600
29,967 46,991

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
4 Ordinary £1 4 4

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Shaun Lee Brooker
Balance outstanding at start of year 40,636 (105 )
Amounts advanced 107,695 40,741
Amounts repaid (150,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,669 ) 40,636

Included in debtors/(creditors) is an amount due from/(to) the director as above. This loan is interest free, undated, unsecured and repayable on demand.