Registered number
08429588
SABIR CABS LTD
Filleted Accounts
31 March 2025
SABIR CABS LTD
Registered number: 08429588
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 16,696 58,228
Current assets
Debtors 5 9,061 10,034
Cash at bank and in hand 83,828 60,855
92,889 70,889
Creditors: amounts falling due within one year 6 (29,716) (22,305)
Net current assets 63,173 48,584
Total assets less current liabilities 79,869 106,812
Creditors: amounts falling due after more than one year 7 (105,163) (105,163)
Net (liabilities)/assets (25,294) 1,649
Capital and reserves
Called up share capital 100 100
Profit and loss account (25,394) 1,549
Shareholders' funds (25,294) 1,649
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MOHAMMED RASHID SABIR
Director
Approved by the board on 22 April 2025
SABIR CABS LTD
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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).
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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
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 and machinery over 10 years
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 at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 50,000
At 31 March 2025 50,000
Amortisation
At 1 April 2024 50,000
At 31 March 2025 50,000
Net book value
At 31 March 2025 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 415,320
At 31 March 2025 415,320
Depreciation
At 1 April 2024 357,092
Charge for the year 41,532
At 31 March 2025 398,624
Net book value
At 31 March 2025 16,696
At 31 March 2024 58,228
5 Debtors 2025 2024
£ £
Trade debtors 9,061 10,034
6 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 8,681 8,324
Other creditors 21,035 13,981
29,716 22,305
7 Creditors: amounts falling due after one year 2025 2024
£ £
Directors Loan 105,163 105,163
8 Other information
SABIR CABS LTD is a private company limited by shares and incorporated in England. Its registered office is:
24 OXFORD STREET
ROTHERHAM
S65 2DR
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