IRIS Accounts Production v22.1.4.3 04150068 director 1.3.21 28.2.22 28.2.22 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure041500682021-02-28041500682022-02-28041500682021-03-012022-02-28041500682020-02-29041500682020-03-012021-02-28041500682021-02-2804150068ns16:EnglandWales2021-03-012022-02-2804150068ns15:PoundSterling2021-03-012022-02-2804150068ns11:Director12021-03-012022-02-2804150068ns11:PrivateLimitedCompanyLtd2021-03-012022-02-2804150068ns11:SmallEntities2021-03-012022-02-2804150068ns11:AuditExempt-NoAccountantsReport2021-03-012022-02-2804150068ns11:SmallCompaniesRegimeForDirectorsReport2021-03-012022-02-2804150068ns11:SmallCompaniesRegimeForAccounts2021-03-012022-02-2804150068ns11:AbridgedAccounts2021-03-012022-02-280415006812021-03-012022-02-2804150068ns11:OrdinaryShareClass12021-03-012022-02-2804150068ns11:CompanySecretary12021-03-012022-02-2804150068ns11:RegisteredOffice2021-03-012022-02-2804150068ns6:CurrentFinancialInstruments2022-02-2804150068ns6:CurrentFinancialInstruments2021-02-2804150068ns6:ShareCapital2022-02-2804150068ns6:ShareCapital2021-02-2804150068ns6:RetainedEarningsAccumulatedLosses2022-02-2804150068ns6:RetainedEarningsAccumulatedLosses2021-02-2804150068ns6:NetGoodwill2021-03-012022-02-2804150068ns6:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2804150068ns6:PatentsTrademarksLicencesConcessionsSimilar2021-03-012022-02-2804150068ns6:PlantMachinery2021-03-012022-02-2804150068ns6:MotorVehicles2021-03-012022-02-2804150068ns6:ComputerEquipment2021-03-012022-02-2804150068ns6:WithinOneYear2022-02-2804150068ns6:WithinOneYear2021-02-2804150068ns11:OrdinaryShareClass12022-02-28
REGISTERED NUMBER: 04150068 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

SFR (GB) LIMITED

SFR (GB) LIMITED (REGISTERED NUMBER: 04150068)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SFR (GB) LIMITED

COMPANY INFORMATION
for the year ended 28 February 2022







DIRECTOR: T D Atkin



SECRETARY: Mrs J A Atkin



REGISTERED OFFICE: Elm Farmhouse
The Lane
Frankton
Nr Rugby
Warwickshire
CV23 9PJ



REGISTERED NUMBER: 04150068 (England and Wales)



BANKERS: Barclays Bank Plc
PO Box 11
North Street
Rugby
CV21 2AN

SFR (GB) LIMITED (REGISTERED NUMBER: 04150068)

ABRIDGED BALANCE SHEET
28 February 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 400 950
Tangible assets 5 72,961 44,021
73,361 44,971

CURRENT ASSETS
Stocks 10,851 12,287
Debtors 855,620 136,155
Cash at bank 37,418 354,985
903,889 503,427
CREDITORS
Amounts falling due within one year 866,081 400,859
NET CURRENT ASSETS 37,808 102,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,169

147,539

PROVISIONS FOR LIABILITIES 3,813 -
NET ASSETS 107,356 147,539

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 107,256 147,439
SHAREHOLDERS' FUNDS 107,356 147,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SFR (GB) LIMITED (REGISTERED NUMBER: 04150068)

ABRIDGED BALANCE SHEET - continued
28 February 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2022 and were signed by:





T D Atkin - Director


SFR (GB) LIMITED (REGISTERED NUMBER: 04150068)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2022

1. STATUTORY INFORMATION

SFR (GB) Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Turnover
Turnover comprises the value of sales (excluding value added tax, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership passes to the buyer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

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.

Other intangible assets are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office - 10% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


SFR (GB) LIMITED (REGISTERED NUMBER: 04150068)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2022

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2021
and 28 February 2022 48,292
AMORTISATION
At 1 March 2021 47,342
Amortisation for year 550
At 28 February 2022 47,892
NET BOOK VALUE

At 28 February 2022 400
At 28 February 2021 950

SFR (GB) LIMITED (REGISTERED NUMBER: 04150068)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2022

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2021 187,632
Additions 49,724
Disposals (9,106 )
At 28 February 2022 228,250
DEPRECIATION
At 1 March 2021 143,611
Charge for year 18,562
Eliminated on disposal (6,884 )
At 28 February 2022 155,289
NET BOOK VALUE
At 28 February 2022 72,961
At 28 February 2021 44,021

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year - 1,063

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

8. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of the director and certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £51,503 (2021 - £5,764). At the year end there was a balance outstanding amounting to £461 (2021 - £301).

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.