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REGISTERED NUMBER: 07477449 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2022

for

SADLER FOGARTY SERVICES LTD
Trading as
Sadler Davies & Co
Chartered Accountants

SADLER FOGARTY SERVICES LTD (Registered number: 07477449)
Trading as Sadler Davies & Co
Chartered Accountants






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Statement of Directors' Responsibilities 9

Independent Chartered Accountants' Review
Report

10


SADLER FOGARTY SERVICES LTD
Trading as Sadler Davies & Co
Chartered Accountants

Company Information
for the Year Ended 31 December 2022







DIRECTORS: G E J Sadler FCA
Mrs G L Fogarty FCA





REGISTERED OFFICE: 3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU





REGISTERED NUMBER: 07477449 (England and Wales)





ACCOUNTANTS: SADLER FOGARTY SERVICES LTD
T/AS Sadler Davies & Co
Chartered Accountants
3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU

SADLER FOGARTY SERVICES LTD (Registered number: 07477449)
Trading as Sadler Davies & Co
Chartered Accountants

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 240,000 260,000
Tangible assets 5 8,825 11,030
248,825 271,030

CURRENT ASSETS
Stocks 57,967 58,424
Debtors 6 42,469 67,607
Cash at bank and in hand 2,600 2,473
103,036 128,504
CREDITORS
Amounts falling due within one year 7 252,741 256,445
NET CURRENT LIABILITIES (149,705 ) (127,941 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,120

143,089

CREDITORS
Amounts falling due after more than
one year

8

(36,667

)

(46,667

)

PROVISIONS FOR LIABILITIES 9 (1,272 ) (1,602 )
NET ASSETS 61,181 94,820

SADLER FOGARTY SERVICES LTD (Registered number: 07477449)
Trading as Sadler Davies & Co
Chartered Accountants

Balance Sheet - continued
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 200 200
Revaluation reserve 11 60,000 60,000
Retained earnings 11 981 34,620
SHAREHOLDERS' FUNDS 61,181 94,820

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 September 2023 and were signed on its behalf by:



Mrs G L Fogarty FCA - Director



G E J Sadler FCA - Director


SADLER FOGARTY SERVICES LTD (Registered number: 07477449)
Trading as Sadler Davies & Co
Chartered Accountants

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

SADLER FOGARTY SERVICES 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced fees excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, 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.

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 - 20% on reducing balance
Equipment - 20% on reducing balance

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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


SADLER FOGARTY SERVICES LTD (Registered number: 07477449)
Trading as Sadler Davies & Co
Chartered Accountants

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2021 - 9 ) .

SADLER FOGARTY SERVICES LTD (Registered number: 07477449)
Trading as Sadler Davies & Co
Chartered Accountants

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 January 2022
and 31 December 2022 400,000
AMORTISATION
At 1 January 2022 140,000
Charge for year 20,000
At 31 December 2022 160,000
NET BOOK VALUE
At 31 December 2022 240,000
At 31 December 2021 260,000

Cost or valuation at 31 December 2022 is represented by:

Goodwill
£   
Valuation in 2015 10,000
Valuation in 2016 10,000
Valuation in 2017 40,000
Cost 340,000
400,000

SADLER FOGARTY SERVICES LTD (Registered number: 07477449)
Trading as Sadler Davies & Co
Chartered Accountants

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 28,321
DEPRECIATION
At 1 January 2022 17,291
Charge for year 2,205
At 31 December 2022 19,496
NET BOOK VALUE
At 31 December 2022 8,825
At 31 December 2021 11,030

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.22 31.12.21
£    £   
Trade debtors 31,815 57,169
Other debtors 10,654 10,438
42,469 67,607

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 12,817 10,332
Trade creditors 26,225 18,265
Taxation and social security 48,624 53,673
Other creditors 165,075 174,175
252,741 256,445

SADLER FOGARTY SERVICES LTD (Registered number: 07477449)
Trading as Sadler Davies & Co
Chartered Accountants

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 36,667 46,667

9. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax
Accelerated capital allowances 1,272 1,602

Deferred
tax
£   
Balance at 1 January 2022 1,602
Credit to Income Statement during year (330 )
Balance at 31 December 2022 1,272

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 A ORDINARY £1 100 100
100 B ORDINARY £1 100 100
200 200

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2022 34,620 60,000 94,620
Profit for the year 12,361 12,361
Dividends (46,000 ) (46,000 )
At 31 December 2022 981 60,000 60,981

SADLER FOGARTY SERVICES LTD (Registered number: 07477449)
Trading as Sadler Davies & Co
Chartered Accountants

Statement of Directors' Responsibilities
for the Year Ended 31 December 2022


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


ON BEHALF OF THE BOARD:



Mrs G L Fogarty FCA - Director



G E J Sadler FCA - Director

30 September 2023

Independent Chartered Accountants' Review Report to the Directors of
SADLER FOGARTY SERVICES LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of SADLER FOGARTY SERVICES LTD for the year ended 31 December 2022, which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Directors' responsibility for the financial statements
As explained more fully in the Statement of Directors' Responsibilities set out on page twelve, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility
Our responsibility is to express a conclusion on the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF (Revised) 'Assurance review engagements on historical financial statements'. ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared, in all material respects, in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics and the FRC's Ethical Standard, as applicable.

Scope of the assurance review
A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures, primarily consisting of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

- so as to give a true and fair view of the state of the company's affairs as at 31 December 2022 and of its profit for the year then ended;
- in accordance with United Kingdom Generally Accepted Accounting Practice; and
- in accordance with the requirements of the Companies Act 2006.

Independent Chartered Accountants' Review Report to the Directors of
SADLER FOGARTY SERVICES LTD


Use of our report
This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in a reviewer's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report, or for the conclusions we have formed.




SADLER FOGARTY SERVICES LTD
T/AS Sadler Davies & Co
Chartered Accountants
3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU


30 September 2023