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Registered number: 06621357
S & BH Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06621357
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,321 15,182
Tangible Assets 5 14,817 12,901
27,138 28,083
CURRENT ASSETS
Stocks 6 2,400 2,100
Debtors 7 13,219 17,336
Cash at bank and in hand 234,733 113,234
250,352 132,670
Creditors: Amounts Falling Due Within One Year 8 (137,129 ) (84,827 )
NET CURRENT ASSETS (LIABILITIES) 113,223 47,843
TOTAL ASSETS LESS CURRENT LIABILITIES 140,361 75,926
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,704 ) (1,919 )
NET ASSETS 136,657 74,007
CAPITAL AND RESERVES
Called up share capital 9 100 2
Profit and Loss Account 136,557 74,005
SHAREHOLDERS' FUNDS 136,657 74,007
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Page 2
For the year ending 31 March 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
B R Horsley
Director
28 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
S & BH Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06621357 . The registered office is Mautby Lodge, Mautby, Great Yarmouth , Norfolk, NR29 3JE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 rendering of services. Turnover is recognised once the customer receives the goods as the risks and rewards of ownership pass to the customer at this point. Turnover is recognised on services at the point the service is completed.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are licence fees It is amortised to profit and loss account over its estimated economic life of 4 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & Machinery 15% reducing balance
2.6. Leasing and Hire Purchase Contracts
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2.7. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2.8. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2.9. Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
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2.10. Debtors
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 atamortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.11. Creditors
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 12)
9 12
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2024 109,433 7,043 116,476
As at 31 March 2025 109,433 7,043 116,476
Amortisation
As at 1 April 2024 99,533 1,761 101,294
Provided during the period 1,100 1,761 2,861
As at 31 March 2025 100,633 3,522 104,155
Net Book Value
As at 31 March 2025 8,800 3,521 12,321
As at 1 April 2024 9,900 5,282 15,182
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 32,451
Additions 4,531
As at 31 March 2025 36,982
Depreciation
As at 1 April 2024 19,550
Provided during the period 2,615
As at 31 March 2025 22,165
Net Book Value
As at 31 March 2025 14,817
As at 1 April 2024 12,901
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6. Stocks
2025 2024
£ £
Materials 2,400 2,100
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 11,998 15,965
Other debtors 1,221 1,371
13,219 17,336
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,962 7,350
Other creditors 69,862 48,201
Taxation and social security 61,305 29,276
137,129 84,827
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 2
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 26,051 33,600
26,051 33,600
11. Related Party Transactions
B Horsley
The above is a related party by virtue of being a director.
During the year, the director drew monies against his loan account.
At the balance sheet date, he was owed £22,937 (2024: £22,930) by the company.
No interest was charged on this loan during the period.
S Horsley
The above is a related party by virtue of being a director.
During the year, the director drew monies against her loan account.
At the balance sheet date, she was owed £19,985 (2024: £21,178) by the company.
No interest was charged on this loan during the period.
12. Ultimate Controlling Party
The ultimate controlling parties are the directors by virtue of their equal shareholding.
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