REGISTERED NUMBER: 12009272 (England and Wales)

Sbit Ltd

Unaudited Financial Statements for the Year Ended 31 May 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

J Gatehouse

Registered office:

Bradford House Yarmouth Road

Stalham

Norwich

NR12 9PD

Registered number:

12009272 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

29,715

36,534

Current assets

Debtors

5

38,133

11,825

Cash at bank

29,709

22,247

67,842

34,072

Creditors

Amounts falling due within one year

6

49,789

32,271

Net current assets

18,053

1,801

Total assets less current liabilities

47,768

38,335

Creditors

Amounts falling due after more than one year

7

-

(282

)

Provisions for liabilities

(1,652

)

(2,209

)

Net assets

46,116

35,844

Capital and reserves

Called up share capital

1

1

Retained earnings

46,115

35,843

46,116

35,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 15 July 2026 and were signed by:

J Gatehouse - Director

1.	Statutory information

Sbit Ltd 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.

Turnover

Turnover represents the fair value of consideration receivable for the provision of information technology consultancy, technical support, managed IT services and the sale of computer hardware in the ordinary course of business, excluding value added tax, trade discounts and rebates.

Revenue from consultancy, technical support and managed IT services is recognised as the services are provided over the period of the engagement or contract, by reference to the stage of completion where appropriate.

Revenue from the sale of computer hardware is recognised when control of the goods has passed to the customer, which is generally upon delivery or installation in accordance with the contractual terms.

Revenue is recognised only when it is probable that the economic benefits associated with the transaction will flow to the company and the amount of revenue can be measured reliably. Amounts received in advance of providing services or delivering goods are recognised as deferred income until the relevant performance obligations have been satisfied

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% on cost and 10% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

50% on cost and 20% on cost

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2025 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 June 2025

and 31 May 2026

43,173

33,350

7,872

84,395

Depreciation

At 1 June 2025

19,745

22,798

5,318

47,861

Charge for year

3,622

2,638

559

6,819

At 31 May 2026

23,367

25,436

5,877

54,680

Net book value

At 31 May 2026

19,806

7,914

1,995

29,715

At 31 May 2025

23,428

10,552

2,554

36,534

5.

Debtors: amounts falling due within one year

31/5/26

31/5/25

£

£

Trade debtors

36,075

10,429

Other debtors

2,058

1,396

38,133

11,825

6.

Creditors: amounts falling due within one year

31/5/26

31/5/25

£

£

Bank loans and overdrafts

-

5,660

Trade creditors

5,912

4,938

Taxation and social security

26,008

8,094

Other creditors

17,869

13,579

49,789

32,271

7.

Creditors: amounts falling due after more than one year

31/5/26

31/5/25

£

£

Bank loans

-

282

8.	Related party disclosures

Included within other creditors is an amount of £11,202 (2025 - £5,949) owing to Mr J Gatehouse,

director of the company. The loan does not attract any interest and there is no specified repayment

date.