SUBS UK LIMITED


Director	SHAMSI, Murad


Registered Address	Subway
	38 Seven Sisters Road
	London
	N7 6AA


Registered Number	06019324 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		92,248		27,294
			92,248		27,294
Current assets
Stocks	4	2,922		1,670
Debtors	5	145,969		224,504
Cash at bank and on hand		64,999		69,206
		213,890		295,380
Creditors amounts falling due within one year	6	(140,417)		(151,218)
Net current assets (liabilities)			73,473		144,162
Total assets less current liabilities			165,721		171,456
Creditors amounts falling due after one year	7		(24,918)		(16,781)
Provisions for liabilities	9		(2,727)		(2,727)
Net assets			138,076		151,948
Capital and reserves
Called up share capital			100		100
Profit and loss account			137,976		151,848
Shareholders' funds			138,076		151,948

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 September 2025, and are signed on its behalf by:

SHAMSI, Murad
Director
Registered Company No. 06019324

SUBS UK LIMITED

Notes to the Financial Statements
for the year ended 31 December 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.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	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.

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.

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.

	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:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	10
Plant and machinery	20	-
Fixtures and fittings	20	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	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


		2024		2023
	Average number of employees during the year	6		8

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 January 24	19,811	60,596	84,410	164,817
Additions	-	45,995	29,470	75,465
At 31 December 24	19,811	106,591	113,880	240,282
Depreciation and impairment
At 01 January 24	11,525	52,011	73,987	137,523
Charge for year	1,238	4,782	4,491	10,511
At 31 December 24	12,763	56,793	78,478	148,034
Net book value
At 31 December 24	7,048	49,798	35,402	92,248
At 31 December 23	8,286	8,585	10,423	27,294

4.	Stocks

	2024	2023
	£	£
Raw materials and consumables	2,922	1,670
Total	2,922	1,670

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	7,222	22,938
Other debtors	129,498	191,335
Prepayments and accrued income	9,249	10,231
Total	145,969	224,504

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	15,832	26,738
Bank borrowings and overdrafts	11,486	10,648
Taxation and social security	29,514	36,451
Finance lease and HP contracts	19,762	-
Other creditors	63,823	57,381
Accrued liabilities and deferred income	-	20,000
Total	140,417	151,218


	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 overdrafts	6,703	16,781
Other creditors	18,215	-
Total	24,918	16,781

8.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	37,977		-

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	2,727	2,727
Total	2,727	2,727