REGISTERED NUMBER: 08557628 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SBID (INTERNATIONAL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms V L Brady

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

08557628 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Intangible assets

4

32,820

41,803

Property, plant and equipment

5

2,810

-

35,630

41,803

CURRENT ASSETS

Debtors

6

434,389

391,678

Cash at bank

37,706

46,863

472,095

438,541

CREDITORS

Amounts falling due within one year

7

342,055

312,404

NET CURRENT ASSETS

130,040

126,137

TOTAL ASSETS LESS CURRENT LIABILITIES

165,670

167,940

CREDITORS

Amounts falling due after more than one year

8

18,421

20,809

NET ASSETS

147,249

147,131

CAPITAL AND RESERVES

Called up share capital

55,100

55,100

Retained earnings

92,149

92,031

147,249

147,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 28 September 2025 and were signed by:

Ms V L Brady - Director

1.	STATUTORY INFORMATION

SBID (International) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet it's liabilities to third parties as and when they fall due. Also, the director will continue to support the company when required.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated impairment losses.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Website, Sales Force & CRM - 10% straight line

Property, plant and equipment

Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses. Such cost included costs directly attributable to making the asset capable of operating as intended.

The carrying values of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Fixtures & Fittings - 25% reducing balance

Office Equipment - 25% straight line

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2023

and 30 June 2024

89,831

AMORTISATION

At 1 July 2023

48,028

Charge for year

8,983

At 30 June 2024

57,011

NET BOOK VALUE

At 30 June 2024

32,820

At 30 June 2023

41,803

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Office

and

Equipment

fittings

Totals

£

£

£

COST

At 1 July 2023

6,902

8,285

15,187

Additions

3,746

-

3,746

At 30 June 2024

10,648

8,285

18,933

DEPRECIATION

At 1 July 2023

6,902

8,285

15,187

Charge for year

936

-

936

At 30 June 2024

7,838

8,285

16,123

NET BOOK VALUE

At 30 June 2024

2,810

-

2,810

At 30 June 2023

-

-

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

115,795

Amounts owed by connected companies

293,986

159,261

Other debtors

140,403

116,622

434,389

391,678

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

3,289

10,024

Trade creditors

-

7,393

Amounts owed to connected companies

25,828

10,158

Taxation and social security

56,310

57,722

Other creditors

256,628

227,107

342,055

312,404

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

18,421

20,809

9.	RELATED PARTY DISCLOSURES

Included in creditors, amount falling due within one year, is an amount of £67,073 (2023: £90,966) owed to the director of the company.

Included in debtors, amount falling due within one year, is an amount of £293,986 (2023: £159,261) owed from the connected companies. Companies are connected by virtue of having common control by the director.

Included in creditors, amount falling due within one year, is an amount of £25,828 (2023: £10,158) owed to the connected companies. Companies are connected by virtue of having common control by the director.

The loans are interest free.