S & B Investments Ltd
S & B Investments Ltd
Registered number: 12373671
ABRIDGED Financial Statements
For the Period
20 December 2019
to
31 December 2020
Know Tax Accountants
S & B Investments Ltd
Financial Statements
For the Period
20 December 2019
to
31 December 2020
Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3—4 |
S & B Investments Ltd
Abridged Balance Sheet
As at
31 December 2020
Abridged Balance Sheet
Registered number:
12373671
For the period ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 December 2020 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
|
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| CURRENT ASSETS | |||
| Debtors |
|
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| Cash at bank and in hand |
|
||
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| Creditors: Amounts Falling Due Within One Year |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
( |
||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
||
| Creditors: Amounts Falling Due After More Than One Year | (398,813) | ||
| NET LIABILITIES |
( |
||
| CAPITAL AND RESERVES | |||
| Called up share capital | 4 |
|
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| Profit and Loss Account |
( |
||
| SHAREHOLDERS' FUNDS | (1,461) | ||
Page 1
S & B Investments Ltd
Abridged Balance Sheet (continued)
As at
31 December 2020
Directors' responsibilities:
-
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. - 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.
-
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2020 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
S & B Investments Ltd
Notes to the Abridged Financial Statements
For the Period
20 December 2019
to
31 December 2020
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
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:
1.4.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 31 December 2020 | |
|---|---|
| Office and administration |
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3.
Tangible Assets
| Total | |
|---|---|
| £ | |
| Cost | |
| As at
|
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| Additions |
|
| As at
|
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| Net Book Value | |
| As at
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| As at
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Page 3
S & B Investments Ltd
Notes to the Abridged Financial Statements (continued)
For the Period
20 December 2019
to
31 December 2020
5.
General Information
S & B Investments Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
12373671
. The registered office is 18 Birmingham Street, Oldbury, B69 4DS.
Page 4