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Company Registration No. 11778797 (England and Wales)
K & B SZABO LTD Unaudited accounts for the year ended 31 March 2025
K & B SZABO LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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K & B SZABO LTD Company Information for the year ended 31 March 2025
Directors
GABOR SZABO ILONA SZABONE MOLNAR
Company Number
11778797 (England and Wales)
Registered Office
9 Baden Powell Walk Kesgrave Ipswich Suffolk IP5 2EG England
Accountants
ATF TAX CONSULTANCY LTD Sackville Place 44-48 Magdalen Steet Norwich Norfolk NR3 1JU
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K & B SZABO LTD Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
445
594
Current assets
Debtors
5
8,018
11,322
Cash at bank and in hand
250
2
8,268
11,324
Creditors: amounts falling due within one year
6
2,828
(356)
Net current assets
11,096
10,968
Total assets less current liabilities
11,541
11,562
Creditors: amounts falling due after more than one year
7
(11,309)
(11,309)
Provisions for liabilities
Deferred tax
-
(115)
Net assets
232
138
Capital and reserves
Called up share capital
2
2
Profit and loss account
230
136
Shareholders' funds
232
138
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by
GABOR SZABO Director Company Registration No. 11778797
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K & B SZABO LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
K & B SZABO LTD is a private company, limited by shares, registered in England and Wales, registration number 11778797. The registered office is 9 Baden Powell Walk, Kesgrave, Ipswich, Suffolk, IP5 2EG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
5 Years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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K & B SZABO LTD Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 April 2024
2,970
At 31 March 2025
2,970
Depreciation
At 1 April 2024
2,376
Charge for the year
149
At 31 March 2025
2,525
Net book value
At 31 March 2025
445
At 31 March 2024
594
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
8,018
11,322
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
21,374
356
Loans from directors
(24,202)
-
(2,828)
356
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
11,309
11,309
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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