| S B S Supplies Ltd |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
|
|
| 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). |
|
|
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 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Stocks |
|
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 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 October 2023 |
140,887 |
|
27,500 |
|
168,387 |
|
At 30 September 2024 |
140,887 |
|
27,500 |
|
168,387 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2023 |
81,850 |
|
12,500 |
|
94,350 |
|
Charge for the year |
16,370 |
|
2,500 |
|
18,870 |
|
At 30 September 2024 |
98,220 |
|
15,000 |
|
113,220 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2024 |
42,667 |
|
12,500 |
|
55,167 |
|
At 30 September 2023 |
59,037 |
|
15,000 |
|
74,037 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
5,545 |
|
- |
|
Other debtors |
30,000 |
|
15,000 |
|
|
|
|
|
|
35,545 |
|
15,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
58,350 |
|
58,350 |
|
Taxation and social security costs |
14,423 |
|
11,072 |
|
Other creditors |
32,306 |
|
27,309 |
|
|
|
|
|
|
105,079 |
|
96,731 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
S B S Supplies Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Palm Lodge |
|
Crays Hill Road |
|
Billericay |
|
Essex |
|
CM11 2YP |