SBX Contracts Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC532257 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SBX CONTRACTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

S Baxter

REGISTERED OFFICE:

28 Mansionhouse Road

Mount Vernon

Glasgow

G32 0RP

REGISTERED NUMBER:

SC532257 (Scotland)

ACCOUNTANTS:

J Gilmour & Co

Chartered Certified Accountants

24 Clydeview

Bothwell

Glasgow

Lanarkshire

G71 8NW

FIXED ASSETS

Tangible assets

4

184

246

CURRENT ASSETS

Debtors

5

16,422

9,372

Cash at bank

4,454

10,887

20,876

20,259

CREDITORS

Amounts falling due within one year

6

20,639

20,219

NET CURRENT ASSETS

237

40

TOTAL ASSETS LESS CURRENT
LIABILITIES

421

286

PROVISIONS FOR LIABILITIES

7

37

61

NET ASSETS

384

225

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

9

383

224

SHAREHOLDERS' FUNDS

384

225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 8 December 2025 and were signed by:

S Baxter - Director

1.	STATUTORY INFORMATION

SBX Contracts Limited is a private company, limited by shares , registered in Scotland. 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.

Computer equipment

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

3,180

DEPRECIATION

At 1 April 2024

2,934

Charge for year

62

At 31 March 2025

2,996

NET BOOK VALUE

At 31 March 2025

184

At 31 March 2024

246

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Directors' current accounts

16,422

9,372

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Tax

15,291

14,213

VAT

4,557

4,994

Accrued expenses

791

1,012

20,639

20,219

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

Accelerated capital allowances

37

61

Deferred

tax

£

Balance at 1 April 2024

61

accelerated capital allowances

(24

)

Balance at 31 March 2025

37

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1

Ordinary

1

9.

RESERVES

Retained

earnings

£

At 1 April 2024

224

Profit for the year

53,159

Dividends

(53,000

)

At 31 March 2025

383

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

S Baxter

Balance outstanding at start of year

(9,372

)

(3,655

)

Amounts advanced

83,152

84,968

Amounts repaid

(90,202

)

(90,685

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(16,422

)

(9,372

)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is S Baxter.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

J Gilmour & Co

Chartered Certified Accountants

24 Clydeview

Bothwell

Glasgow

Lanarkshire

G71 8NW

8 December 2025