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REGISTERED NUMBER: 10427421 (England and Wales)















S & B Group Trade Limited

Unaudited Financial Statements for the Year Ended 31 October 2023






S & B Group Trade Limited (Registered number: 10427421)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


S & B Group Trade Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: R J Lee





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Forstal Farm Barn
Forstal Lane
Maidstone
Kent
ME15 0QE





REGISTERED NUMBER: 10427421 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

S & B Group Trade Limited (Registered number: 10427421)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,047 66,031
Investment property 5 546,014 540,076
612,061 606,107

CURRENT ASSETS
Debtors 6 11,192 -
Cash at bank 5,891 3,772
17,083 3,772
CREDITORS
Amounts falling due within one year 7 292,801 261,720
NET CURRENT LIABILITIES (275,718 ) (257,948 )
TOTAL ASSETS LESS CURRENT LIABILITIES 336,343 348,159

CREDITORS
Amounts falling due after more than one
year

8

328,969

351,590
NET ASSETS/(LIABILITIES) 7,374 (3,431 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,274 (3,531 )
SHAREHOLDERS' FUNDS 7,374 (3,431 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

S & B Group Trade Limited (Registered number: 10427421)

Statement of Financial Position - continued
31 October 2023


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 director and authorised for issue on 30 July 2024 and were signed by:





R J Lee - Director


S & B Group Trade Limited (Registered number: 10427421)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

S & B Group Trade 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the income statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

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

S & B Group Trade Limited (Registered number: 10427421)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 67,150
Additions 16,808
At 31 October 2023 83,958
DEPRECIATION
At 1 November 2022 1,119
Charge for year 16,792
At 31 October 2023 17,911
NET BOOK VALUE
At 31 October 2023 66,047
At 31 October 2022 66,031

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 540,076
Additions 5,938
At 31 October 2023 546,014
NET BOOK VALUE
At 31 October 2023 546,014
At 31 October 2022 540,076

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 11,192 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 22,530 22,804
Taxation and social security 4,043 -
Other creditors 266,228 238,916
292,801 261,720

S & B Group Trade Limited (Registered number: 10427421)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 328,969 329,060
Hire purchase contracts - 22,530
328,969 351,590

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 328,969 329,060

The bank loans are secured by legal charges over the company's investment property.