SBM Associates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02876424 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2023 to 31 March 2025

for

SBM Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G T Georgiou

S B McAlpine

P B McAlpine

M R Suleman

SECRETARY:

P B McAlpine

REGISTERED OFFICE:

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

REGISTERED NUMBER:

02876424 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

2,050

4,557

2,050

4,557

CURRENT ASSETS

Debtors

7

105,314

184,830

Cash at bank and in hand

82,323

472,069

187,637

656,899

CREDITORS

Amounts falling due within one year

8

188,806

132,025

NET CURRENT (LIABILITIES)/ASSETS

(1,169

)

524,874

TOTAL ASSETS LESS CURRENT
LIABILITIES

881

529,431

PROVISIONS FOR LIABILITIES

513

1,139

NET ASSETS

368

528,292

CAPITAL AND RESERVES

Called up share capital

10

200

Retained earnings

168

528,092

SHAREHOLDERS' FUNDS

368

528,292

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

G T Georgiou - Director

M R Suleman - Director

1.	STATUTORY INFORMATION

SBM Associates 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life of 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% straight line

Computer equipment

-

25% straight line

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 31 March 2025

303,209

AMORTISATION

At 1 October 2023

and 31 March 2025

303,209

NET BOOK VALUE

At 31 March 2025

-

At 30 September 2023

-

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 October 2023

and 31 March 2025

11,469

29,564

41,033

DEPRECIATION

At 1 October 2023

11,017

25,459

36,476

Charge for period

227

2,280

2,507

At 31 March 2025

11,244

27,739

38,983

NET BOOK VALUE

At 31 March 2025

225

1,825

2,050

At 30 September 2023

452

4,105

4,557

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.9.23

£

Trade debtors

62,110

107,475

Other debtors

43,204

77,355

105,314

184,830

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.9.23

£

Trade creditors

16,053

21,051

Amounts owed to group undertakings

87,985

-

Taxation and social security

23,761

55,907

Other creditors

61,007

55,067

188,806

132,025

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

30.9.23

£

Within one year

6,050

24,200

Between one and five years

-

84,700

6,050

108,900

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

30.9.23

value:

£

200

Ordinary

£1

200

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £132,000 (2023 - £128,000) were paid in the period in respect of shares held by the company's directors.

At the balance sheet date, the company owed £9,669 (2023 - £44,203) to the directors.

12.	ULTIMATE CONTROLLING PARTY

From 1 July 2024, the company was under the control of its parent company, CWF & Partners (TWB Accountants) Ltd, a company incorporated in England and Wales.