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SBM (NORTHERN) LIMITED

Registered Number
11539923
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

SBM (NORTHERN) LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

MASOOD, Tariq

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

11539923 (England and Wales)
SBM (NORTHERN) LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3205,489231,733
205,489231,733
Current assets
Stocks46,0865,603
Debtors5736,606708,668
Cash at bank and on hand20,25633,233
762,948747,504
Creditors amounts falling due within one year6(592,882)(669,488)
Net current assets (liabilities)170,06678,016
Total assets less current liabilities375,555309,749
Creditors amounts falling due after one year7(17,722)(31,130)
Provisions for liabilities8(49,579)(55,746)
Net assets308,254222,873
Capital and reserves
Called up share capital100100
Profit and loss account308,154222,773
Shareholders' funds308,254222,873
The financial statements were approved and authorised for issue by the Director on 27 May 2025, and are signed on its behalf by:
MASOOD, Tariq
Director
Registered Company No. 11539923
SBM (NORTHERN) LIMITED
Notes to the Financial Statements
for the year ended 31 August 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Leasehold Improvements @ 10 years straight line Short Lease @ 15% reducing balance

Straight line (years)
Plant and machinery25
Fixtures and fittings10
Vehicles10
Office Equipment10
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year2831
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 September 23111,54288,4818,812110,6035,155324,593
Additions---5,650-5,650
At 31 August 24111,54288,4818,812116,2535,155330,243
Depreciation and impairment
At 01 September 2315,39940,5693,60832,43385192,860
Charge for year10,91911,9785208,04743031,894
At 31 August 2426,31852,5474,12840,4801,281124,754
Net book value
At 31 August 2485,22435,9344,68475,7733,874205,489
At 31 August 2396,14347,9125,20478,1704,304231,733
4.Stocks

2024

2023

££
Raw materials and consumables6,0865,603
Total6,0865,603
5.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings329,867329,871
Other debtors372,310365,927
Prepayments and accrued income34,42912,870
Total736,606708,668
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables152,415175,500
Bank borrowings and overdrafts13,12316,531
Amounts owed to related parties400,627366,450
Taxation and social security22,84155,197
Other creditors2,36749,991
Accrued liabilities and deferred income1,5095,819
Total592,882669,488
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts17,72231,130
Total17,72231,130
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)49,57955,746
Total49,57955,746
9.Directors advances, credits and guarantees
Other creditors include a balance of £342 (2023: £478) related to the director's loan account Mr T Masood.
10.Related party transactions
At the year-end, Amounts owed by/to group undertakings balance include £103,487(2023: £23,298) due to KTM (North East) Ltd and £118,448 (2023: £48,959) due to TSN (North East) Ltd and £209,833(2023: £173,520) due from ATM (North East) Ltd and £119,254 (2023: £135,446) due from KATS (Stockton) Ltd and £Nil (2023: £20,424) due from Task (Metro) Ltd and £780 (2023: £480) due from Ruksana Properties Ltd and £178,693 (2023: £294,193) due to TM Holdings Ltd where Mr T Masood is also director of those companies. Included in other debtors is an amount of £264,401 (2023: £258,102 Dr) which relates to Lounge (MBR) Limited, a company owned by director Mr T Masood.