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REGISTERED NUMBER: 09342012 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

S4D Limited

S4D Limited (Registered number: 09342012)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


S4D Limited (Registered number: 09342012)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,766 15,485
Tangible assets 5 71,059 89,982
85,825 105,467

CURRENT ASSETS
Stocks 695,425 1,097,820
Debtors 6 1,437,862 1,075,528
Cash at bank 1,099,483 1,190,182
3,232,770 3,363,530
CREDITORS
Amounts falling due within one year 7 1,152,263 1,164,463
NET CURRENT ASSETS 2,080,507 2,199,067
TOTAL ASSETS LESS CURRENT LIABILITIES 2,166,332 2,304,534

CREDITORS
Amounts falling due after more than one year 8 (210,000 ) (343,433 )

PROVISIONS FOR LIABILITIES (16,940 ) (21,449 )
NET ASSETS 1,939,392 1,939,652

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,939,390 1,939,650
SHAREHOLDERS' FUNDS 1,939,392 1,939,652

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.

S4D Limited (Registered number: 09342012)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mr P G Marsh - Director


S4D Limited (Registered number: 09342012)

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

1. STATUTORY INFORMATION

S4D Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09342012

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

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.

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

Turnover is recorded as the company becomes entitled to consideration for goods and services supplied. Therefore turnover includes the element of work completed but not yet invoiced for.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

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.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Profit and Loss Account, 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.


S4D Limited (Registered number: 09342012)

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2023 24,463
Additions 1,920
At 31 December 2023 26,383
AMORTISATION
At 1 January 2023 8,978
Amortisation for year 2,639
At 31 December 2023 11,617
NET BOOK VALUE
At 31 December 2023 14,766
At 31 December 2022 15,485

S4D Limited (Registered number: 09342012)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 8,888 68,792 167,850 245,530
Additions - 4,552 - 4,552
At 31 December 2023 8,888 73,344 167,850 250,082
DEPRECIATION
At 1 January 2023 4,703 42,377 108,468 155,548
Charge for year 889 7,741 14,845 23,475
At 31 December 2023 5,592 50,118 123,313 179,023
NET BOOK VALUE
At 31 December 2023 3,296 23,226 44,537 71,059
At 31 December 2022 4,185 26,415 59,382 89,982

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 108,360
DEPRECIATION
At 1 January 2023 74,075
Charge for year 8,571
At 31 December 2023 82,646
NET BOOK VALUE
At 31 December 2023 25,714
At 31 December 2022 34,285

Hire purchase agreements are secured on the items to which they relate

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,407,111 948,793
Other debtors 30,751 126,735
1,437,862 1,075,528

S4D Limited (Registered number: 09342012)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 120,000 120,000
Hire purchase contracts 13,433 16,132
Trade creditors 337,055 816,451
Taxation and social security 97,974 97,601
Other creditors 583,801 114,279
1,152,263 1,164,463

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 210,000 330,000
Hire purchase contracts - 13,433
210,000 343,433

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 13,433 29,565
Factoring account 502,710 17,869
516,143 47,434

Lloyds Bank PLC and Lloyds Bank Commercial Finance Ltd hold fixed and floating charges over the property and undertakings of the company.