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Registered number: 07287228
Sbem Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Peter Jarman LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07287228
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 7,334 7,090
7,334 7,090
CURRENT ASSETS
Debtors 6 107,623 78,483
Cash at bank and in hand 184,180 178,370
291,803 256,853
Creditors: Amounts Falling Due Within One Year 7 (116,330 ) (77,366 )
NET CURRENT ASSETS (LIABILITIES) 175,473 179,487
TOTAL ASSETS LESS CURRENT LIABILITIES 182,807 186,577
Creditors: Amounts Falling Due After More Than One Year 8 - (2,474 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,049 ) (744 )
NET ASSETS 181,758 183,359
CAPITAL AND RESERVES
Called up share capital 10 3 1
Profit and Loss Account 181,755 183,358
SHAREHOLDERS' FUNDS 181,758 183,359
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs S Ball
Director
22/07/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sbem Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07287228 . The registered office is St James' Hall, Mill Road, Lancing, West Sussex, BN15 0PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. 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. 
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 3)
3 3
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 9,000
As at 31 March 2026 9,000
Amortisation
As at 1 April 2025 9,000
As at 31 March 2026 9,000
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2025 17,558 10,306 27,864
Additions - 2,228 2,228
As at 31 March 2026 17,558 12,534 30,092
Depreciation
As at 1 April 2025 13,106 7,668 20,774
Provided during the period 1,113 871 1,984
As at 31 March 2026 14,219 8,539 22,758
Net Book Value
As at 31 March 2026 3,339 3,995 7,334
As at 1 April 2025 4,452 2,638 7,090
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 64,600 76,671
Other debtors 43,023 1,812
107,623 78,483
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 2,068 171
Bank loans and overdrafts 2,656 10,622
Other creditors 37,072 13,389
Taxation and social security 74,534 53,184
116,330 77,366
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 2,474
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2025 744 744
Additions 305 305
Balance at 31 March 2026 1,049 1,049
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 3 1
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