IRIS Accounts Production v23.3.0.418 03892046 Board of Directors 1.3.22 28.2.23 28.2.23 24.11.23 0 0 true false true false false false true false Auditors Opinion Defined benefit pension plans iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038920462022-02-28038920462023-02-28038920462022-03-012023-02-28038920462021-02-28038920462021-03-012022-02-28038920462022-02-2803892046ns10:Originalns15:EnglandWales2022-03-012023-02-2803892046ns14:PoundSterlingns10:Original2022-03-012023-02-2803892046ns10:Originalns10:Director12022-03-012023-02-2803892046ns10:Original2022-03-012023-02-2803892046ns10:Original2023-02-2803892046ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2803892046ns10:Originalns10:SmallEntities2022-03-012023-02-2803892046ns10:Originalns10:Audited2022-03-012023-02-2803892046ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2803892046ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2803892046ns10:Originalns10:FullAccounts2022-03-012023-02-2803892046ns10:Original2021-03-012022-02-2803892046ns10:Original12022-03-012023-02-2803892046ns5:TotalForAllPensionPlansExcludingMedicalOtherPlansns10:Original2022-03-012023-02-2803892046ns10:Originalns10:Director22022-03-012023-02-2803892046ns10:Originalns10:RegisteredOffice2022-03-012023-02-2803892046ns10:Original2022-02-2803892046ns10:Originalns5:CurrentFinancialInstruments2023-02-2803892046ns10:Originalns5:CurrentFinancialInstruments2022-02-2803892046ns10:Originalns5:Non-currentFinancialInstruments2023-02-2803892046ns10:Originalns5:Non-currentFinancialInstruments2022-02-2803892046ns5:ShareCapitalns10:Original2023-02-2803892046ns5:ShareCapitalns10:Original2022-02-2803892046ns10:Originalns5:CapitalRedemptionReserve2023-02-2803892046ns10:Originalns5:CapitalRedemptionReserve2022-02-2803892046ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2803892046ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2803892046ns10:Originalns5:NetGoodwill2022-03-012023-02-2803892046ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-03-012023-02-2803892046ns10:Originalns5:PlantMachinery2022-03-012023-02-2803892046ns5:FinancialInstrumentsAmortisedCost2022-03-012023-02-2803892046ns10:Originalns5:NetGoodwill2022-02-2803892046ns10:Originalns5:NetGoodwill2023-02-2803892046ns10:Originalns5:NetGoodwill2022-02-2803892046ns10:Originalns5:LandBuildings2022-02-2803892046ns10:Originalns5:PlantMachinery2022-02-2803892046ns10:Original2022-02-2803892046ns10:Originalns5:LandBuildings2022-03-012023-02-2803892046ns10:Originalns5:LandBuildings2023-02-2803892046ns10:Originalns5:PlantMachinery2023-02-2803892046ns10:Originalns5:LandBuildings2022-02-2803892046ns10:Originalns5:PlantMachinery2022-02-2803892046ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-02-2803892046ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-012023-02-2803892046ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-2803892046ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-02-2803892046ns10:Originalns5:CostValuation2022-02-2803892046ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2803892046ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2803892046ns5:CurrentFinancialInstruments2023-02-2803892046ns5:CurrentFinancialInstruments2022-02-2803892046ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstruments2023-02-2803892046ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstruments2022-02-2803892046ns10:Originalns5:Non-currentFinancialInstrumentsns5:HirePurchaseContracts2023-02-2803892046ns10:Originalns5:Non-currentFinancialInstrumentsns5:HirePurchaseContracts2022-02-28
REGISTERED NUMBER: 03892046 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

SOG LIMITED

SOG LIMITED (REGISTERED NUMBER: 03892046)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: J S Lewis MBE
Lionlike Management Limited





REGISTERED OFFICE: The Heath Business
and Technical Park
The Heath
Runcorn
Cheshire
WA7 4QF





REGISTERED NUMBER: 03892046 (England and Wales)





AUDITORS: John Kerr
Statutory Auditors
Chartered Accountants
375 Eaton Road
West Derby
Liverpool
Merseyside
L12 2AH

SOG LIMITED (REGISTERED NUMBER: 03892046)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 (458,680 ) (475,612 )
Tangible assets 5 8,627,280 8,409,343
Investments 6 2 2
8,168,602 7,933,733

CURRENT ASSETS
Stocks 14,652 16,380
Debtors 7 3,455,866 3,354,315
Investments 8 3,718,582 3,935,002
Cash at bank and in hand 3,782,597 3,834,204
10,971,697 11,139,901
CREDITORS
Amounts falling due within one year 9 1,643,388 1,505,946
NET CURRENT ASSETS 9,328,309 9,633,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,496,911

17,567,688

CREDITORS
Amounts falling due after more than one year 10 (1,950 ) (4,036 )

PROVISIONS FOR LIABILITIES (1,653,999 ) (1,269,089 )
NET ASSETS 15,840,962 16,294,563

CAPITAL AND RESERVES
Called up share capital 80,557 80,557
Capital redemption reserve 58,333 58,333
Retained earnings 15,702,072 16,155,673
SHAREHOLDERS' FUNDS 15,840,962 16,294,563

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





J S Lewis MBE - Director


SOG LIMITED (REGISTERED NUMBER: 03892046)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

SOG 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 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.

Preparation of consolidated financial statements
The financial statements contain information about SOG Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Negative goodwill
Negative goodwill, being the amount recognised in connection with the acquisition of non-monetary assets in 2000, is being recognised in the income statement over a period of 50 years which matches the periods in which the non-monetary assets acquired are recovered through depreciation or sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant, equipment & vehicles - 10% to 33.33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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.

SOG LIMITED (REGISTERED NUMBER: 03892046)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Investments
Listed investments are included at fair value.

3. EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Negative
goodwill
£   
COST
At 1 March 2022
and 28 February 2023 (846,560 )
AMORTISATION
At 1 March 2022 (370,948 )
Amortisation for year (16,932 )
At 28 February 2023 (387,880 )
NET BOOK VALUE
At 28 February 2023 (458,680 )
At 28 February 2022 (475,612 )

5. TANGIBLE FIXED ASSETS
Plant,
Freehold equipment
property & vehicles Totals
£    £    £   
COST
At 1 March 2022 9,695,302 3,764,621 13,459,923
Additions 411,718 71,335 483,053
At 28 February 2023 10,107,020 3,835,956 13,942,976
DEPRECIATION
At 1 March 2022 2,066,948 2,983,632 5,050,580
Charge for year 114,314 150,802 265,116
At 28 February 2023 2,181,262 3,134,434 5,315,696
NET BOOK VALUE
At 28 February 2023 7,925,758 701,522 8,627,280
At 28 February 2022 7,628,354 780,989 8,409,343

Included in cost of land and buildings is freehold land of £ 1,994,395 (2022 - £ 1,994,395 ) which is not depreciated.

SOG LIMITED (REGISTERED NUMBER: 03892046)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant,
equipment
& vehicles
£   
COST
At 1 March 2022
and 28 February 2023 6,850
DEPRECIATION
Charge for year 1,370
At 28 February 2023 1,370
NET BOOK VALUE
At 28 February 2023 5,480
At 28 February 2022 6,850

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 2
NET BOOK VALUE
At 28 February 2023 2
At 28 February 2022 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 846,205 714,573
Amounts owed by group undertakings 2,428,492 2,455,776
Other debtors 181,169 183,966
3,455,866 3,354,315

8. CURRENT ASSET INVESTMENTS
28.2.23 28.2.22
£    £   
Listed investments 3,718,582 3,935,002

SOG LIMITED (REGISTERED NUMBER: 03892046)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 1,950 1,814
Trade creditors 541,168 495,245
Amounts owed to group undertakings 91,573 -
Taxation and social security 80,674 136,688
Other creditors 928,023 872,199
1,643,388 1,505,946

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 1,950 4,036

11. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Hire purchase contracts 3,900 5,850

Hire purchase contracts are secured on the assets financed.

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Glover FCA (Senior Statutory Auditor)
for and on behalf of John Kerr

13. PARENT UNDERTAKING

Lionlike Management Limited whose registered office is 645 Warrington Road, Rainhill, Merseyside L35 4LY, is the parent undertaking.