Company Registration No. 02999862 (England and Wales)
SBA BUREAU SERVICES LIMITED
Unaudited accounts
for the year ended 31 March 2023
SBA BUREAU SERVICES LIMITED
Unaudited accounts
Contents
SBA BUREAU SERVICES LIMITED
Company Information
for the year ended 31 March 2023
Directors
Mr S.A. Beard
Mrs S.L. Beard
Company Number
02999862 (England and Wales)
Registered Office
10 Cheshire Road
Thame
Oxon
OX9 3LQ
United Kingdom
Accountants
Stephen Beard Accountancy Services
10 Cheshire Road
Thame
Oxon
OX9 3LQ
SBA BUREAU SERVICES LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
43,215
11,595
Cash at bank and in hand
59,552
46,906
Creditors: amounts falling due within one year
(55,594)
(31,156)
Net current assets
36,400
61,321
Total assets less current liabilities
79,615
72,916
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
76,967
71,916
Shareholders' funds
77,967
72,916
For the year ending 31 March 2023 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 28 October 2023 and were signed on its behalf by
Mr S.A. Beard
Director
Company Registration No. 02999862
SBA BUREAU SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
SBA BUREAU SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02999862. The registered office is 10 Cheshire Road, Thame, Oxon, OX9 3LQ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
25% Reducing balance basis
Computer equipment
20% Straight line basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
SBA BUREAU SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
22,694
13,175
35,869
Additions
40,803
71
40,874
Disposals
(22,694)
-
(22,694)
At 31 March 2023
40,803
13,246
54,049
At 1 April 2022
16,170
8,104
24,274
Charge for the year
967
1,763
2,730
On disposals
(16,170)
-
(16,170)
At 31 March 2023
967
9,867
10,834
At 31 March 2023
39,836
3,379
43,215
At 31 March 2022
6,524
5,071
11,595
SBA BUREAU SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
21,471
23,833
Accrued income and prepayments
2,785
1,013
Other debtors
3,438
12,559
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,881
1,408
Taxes and social security
23,125
23,984
Loans from directors
22,894
-
Deferred income
5,520
5,698
8
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,520
-
Later than one year and not later than five years
11,500
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
6,571
5,187
11,758
-
Director's lan account
3,773
3,975
7,748
-
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).