Registration number: 12338445

SBS Bodyworks Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

SBS Bodyworks Limited

Company Information

Directors

Mr Don Allday Mr Sonny Pope

Registered office

Unit 2 Crispen Industrial Estate Advent Way London N18 3AH

Accountants

JPL Accountants Ltd 46 Orchard Avenue Berkhamsted Hertfordshire HP4 3LG

SBS Bodyworks Limited

(Registration number: 12338445)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	40,504	8,683
Current assets
Debtors	5	357,334	170,671
Cash at bank and in hand		104,260	321,033
		461,594	491,704
Creditors: Amounts falling due within one year	6	(135,331)	(189,076)
Net current assets		326,263	302,628
Net assets		366,767	311,311
Capital and reserves
Called up share capital	7	100	100
Retained earnings		366,667	311,211
Shareholders' funds		366,767	311,311

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 August 2026 and signed on its behalf by:
 

......................................... Mr Don Allday Director

......................................... Mr Sonny Pope Director

SBS Bodyworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Crispen Industrial Estate
Advent Way
London
N18 3AH

These financial statements were authorised for issue by the Board on 19 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

SBS Bodyworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% on cost
Computers	25% on cost
Motor vehicles	20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

SBS Bodyworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 8).

SBS Bodyworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 December 2024	13,451	13,451
Additions	38,535	38,535
At 30 November 2025	51,986	51,986
Depreciation
At 1 December 2024	4,768	4,768
Charge for the year	6,714	6,714
At 30 November 2025	11,482	11,482
Carrying amount
At 30 November 2025	40,504	40,504
At 30 November 2024	8,683	8,683

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		104,059	77,876
Amounts owed by related parties	8	231,543	1,175
Other debtors		21,732	91,620
		357,334	170,671

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	9,612	22,357
Taxation and social security	77,442	58,616
Accruals and deferred income	1,824	57,824
Other creditors	46,453	50,279
	135,331	189,076

SBS Bodyworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

8	Related party transactions

Transactions with directors

2025	At 1 December 2024 £	Repayments by director £	At 30 November 2025 £
Directors' Loan Account	25,742	(326)	25,416

2024	At 1 December 2023 £	Advances to director £	Repayments by director £	At 30 November 2024 £
Directors' Loan Account	63,853	27,889	(66,000)	25,742

Loans to related parties

2025	Other related parties £	Total £
At start of period	1,175	1,175
Advanced	204,952	204,952
At end of period	206,127	206,127

2024	Other related parties £	Total £
Advanced	1,175	1,175
At end of period	1,175	1,175