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REGISTERED NUMBER: 07477449 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

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 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

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

Company Information
for the Year Ended 31 December 2023







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 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 220,000 240,000
Tangible assets 5 8,655 8,825
228,655 248,825

CURRENT ASSETS
Stocks 55,210 57,967
Debtors 6 65,348 42,469
Cash at bank and in hand 226 2,600
120,784 103,036
CREDITORS
Amounts falling due within one year 7 255,842 252,741
NET CURRENT LIABILITIES (135,058 ) (149,705 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,597

99,120

CREDITORS
Amounts falling due after more than one
year

8

(26,667

)

(36,667

)

PROVISIONS FOR LIABILITIES 9 (1,485 ) (1,272 )
NET ASSETS 65,445 61,181

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

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 200 200
Revaluation reserve 11 60,000 60,000
Retained earnings 11 5,245 981
SHAREHOLDERS' FUNDS 65,445 61,181

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 4 September 2024 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 2023

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 2023

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 8 (2022 - 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 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 400,000
AMORTISATION
At 1 January 2023 160,000
Charge for year 20,000
At 31 December 2023 180,000
NET BOOK VALUE
At 31 December 2023 220,000
At 31 December 2022 240,000

Cost or valuation at 31 December 2023 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 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 28,321
Additions 1,994
At 31 December 2023 30,315
DEPRECIATION
At 1 January 2023 19,496
Charge for year 2,164
At 31 December 2023 21,660
NET BOOK VALUE
At 31 December 2023 8,655
At 31 December 2022 8,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 59,976 31,815
Other debtors 5,372 10,654
65,348 42,469

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,475 12,817
Trade creditors 18,113 26,225
Taxation and social security 63,496 48,624
Other creditors 169,758 165,075
255,842 252,741

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 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 26,667 36,667

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 1,485 1,272

Deferred
tax
£   
Balance at 1 January 2023 1,272
Charge to Income Statement during year 213
Balance at 31 December 2023 1,485

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
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 2023 981 60,000 60,981
Profit for the year 50,264 50,264
Dividends (46,000 ) (46,000 )
At 31 December 2023 5,245 60,000 65,245

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

Report of the Accountants 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages four to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






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


4 September 2024