Subow Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08097393 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

SUBOW LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Borowsky

Mr K A Borowsky

Miss J A Borowsky

Miss C A Borowsky

REGISTERED OFFICE:

21 Briar Fields

Weavering

Maidstone

Kent

ME14 5UZ

REGISTERED NUMBER:

08097393 (England and Wales)

ACCOUNTANTS:

Sandison Lang Limited

2 St Marys Road

Tonbridge

Kent

TN9 2LB

FIXED ASSETS

Tangible assets

4

5,045

6,816

CURRENT ASSETS

Debtors

5

73,433

36,063

Cash at bank

531,009

477,010

604,442

513,073

CREDITORS

Amounts falling due within one year

6

(51,890

)

(52,462

)

NET CURRENT ASSETS

552,552

460,611

TOTAL ASSETS LESS CURRENT LIABILITIES

557,597

467,427

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

557,497

467,327

SHAREHOLDERS' FUNDS

557,597

467,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 1 December 2022 and were signed on its behalf by:

Mr K A Borowsky - Director

1.	STATUTORY INFORMATION

Subow 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2021

and 31 March 2022

22,194

DEPRECIATION

At 1 April 2021

15,378

Charge for year

1,771

At 31 March 2022

17,149

NET BOOK VALUE

At 31 March 2022

5,045

At 31 March 2021

6,816

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

52,374

31,362

Other debtors

21,059

4,701

73,433

36,063

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

(1

)

(1

)

Taxation and social security

41,644

43,027

Other creditors

10,247

9,436

51,890

52,462

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr K A Borowsky.

The ultimate controlling party is Mr K A Borowsky.