REGISTERED NUMBER: 06117314 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SB7 MOBILE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Sammon

Mr J Brown

SECRETARY:

Mr J Brown

REGISTERED OFFICE:

2 Manor Farm Court,

Old Wolverton Road,

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

REGISTERED NUMBER:

06117314 (England and Wales)

ACCOUNTANTS:

Ad Valorem Accountancy Services Limited

Chartered Certified Accountants

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Buckinghamshire

MK12 5NN

FIXED ASSETS

Tangible assets

4

87,030

108,857

CURRENT ASSETS

Debtors

5

1,293,719

3,725,718

Cash at bank and in hand

290,811

203,757

1,584,530

3,929,475

CREDITORS

Amounts falling due within one year

6

678,682

3,773,941

NET CURRENT ASSETS

905,848

155,534

TOTAL ASSETS LESS CURRENT LIABILITIES

992,878

264,391

CREDITORS

Amounts falling due after more than one year

7

5,000

14,167

NET ASSETS

987,878

250,224

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

986,878

249,224

987,878

250,224

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

Mr J Sammon - Director

1.	STATUTORY INFORMATION

SB7 Mobile 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.

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.

Improvements to property

-

Over the lease term of 5 years

Plant and machinery

-

25% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HIRE PURCHASE AND LEASING COMMITMENTS

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

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

437,899

Additions

26,476

At 31 December 2024

464,375

DEPRECIATION

At 1 January 2024

329,042

Charge for year

48,303

At 31 December 2024

377,345

NET BOOK VALUE

At 31 December 2024

87,030

At 31 December 2023

108,857

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

398,723

1,578,301

Amounts owed by group undertakings

577,006

1,311,141

Other debtors

317,990

836,276

1,293,719

3,725,718

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

9,167

10,000

Trade creditors

557,934

2,504,981

Amounts owed to group undertakings

-

47,732

Taxation and social security

(33,466

)

762,771

Other creditors

145,047

448,457

678,682

3,773,941

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,000

14,167

8.	RELATED PARTY DISCLOSURES

At the year end date the company owed/ was owed the below amounts by various entities under common control. All amounts are interest free and repayable on demand.

Debtors

SB Media Group Limited- £194,594 (2023: £47,732 creditor).

S P Two Ltd- £296,732 (2023: £1,143,500).

SB Digital Media Ltd- £85,679 (2023: £167,591).

These amounts were included within the amounts owed to/ by group undertakings.

9.	PARENT COMPANY

The parent company of SB7 Mobile Ltd is SB Media Group Limited and its registered office is 2 Manor Farm Court, Old Wolverton Road, Old Wolverton, Milton Keynes, United Kingdom, MK12 5NN.