| SBPS Consultants Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover includes revenue earned from rendering of security services. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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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. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
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| 3 |
Tangible fixed assets |
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Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2024 |
219 |
|
Additions |
1,464 |
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At 31 December 2024 |
1,683 |
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Depreciation |
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At 1 January 2024 |
44 |
|
Charge for the year |
328 |
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At 31 December 2024 |
372 |
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Net book value |
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At 31 December 2024 |
1,311 |
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At 31 December 2023 |
175 |
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| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
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Other debtors |
19,263 |
|
9,747 |
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| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
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Taxation and social security costs |
17,840 |
|
8,447 |
|
Other creditors |
6,211 |
|
1,200 |
|
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|
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|
24,051 |
|
9,647 |
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| 6 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
|
S Bhachu |
9,747 |
|
4,655 |
|
- |
|
14,402 |
|
|
|
9,747 |
|
4,655 |
|
- |
|
14,402 |
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The loan is repayable on demand. No interst is charged on the loan. |
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| 7 |
Other information |
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SBPS Consultants Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
61 Birchway |
|
Hayes |
|
Middlesex |
|
UB3 3PB |