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REGISTERED NUMBER: 07162726 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

S & G Alfab Ltd

S & G Alfab Ltd (Registered number: 07162726)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & G Alfab Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J F Barnes
Mr N C Clarry
Mr G C Spratt





REGISTERED OFFICE: Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW





REGISTERED NUMBER: 07162726 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

S & G Alfab Ltd (Registered number: 07162726)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 111,796 98,423
111,796 98,423

CURRENT ASSETS
Stocks 258,549 275,997
Debtors 7 399,590 428,174
Cash at bank and in hand 64,437 11,749
722,576 715,920
CREDITORS
Amounts falling due within one year 8 (565,078 ) (564,133 )
NET CURRENT ASSETS 157,498 151,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,294

250,210

CREDITORS
Amounts falling due after more than one
year

9

(25,424

)

-

PROVISIONS FOR LIABILITIES (16,859 ) (14,067 )
NET ASSETS 227,011 236,143

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 226,911 236,043
SHAREHOLDERS' FUNDS 227,011 236,143

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

S & G Alfab Ltd (Registered number: 07162726)

Balance Sheet - continued
31 March 2024


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 4 October 2024 and were signed on its behalf by:





Mr N C Clarry - Director


S & G Alfab Ltd (Registered number: 07162726)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in compliance with FRS 102, 'The Financial Standard Applicable in the UK and the Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services supplied during the year, and in the case of long-term contracts, comprises the value of work executed during the year.

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

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.


S & G Alfab Ltd (Registered number: 07162726)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 23 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 2,001
AMORTISATION
At 1 April 2023
and 31 March 2024 2,001
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

S & G Alfab Ltd (Registered number: 07162726)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 24,387 268,478 292,865
Additions - 44,720 44,720
Disposals - (26,490 ) (26,490 )
At 31 March 2024 24,387 286,708 311,095
DEPRECIATION
At 1 April 2023 - 194,442 194,442
Charge for year 2,438 17,409 19,847
Eliminated on disposal - (14,990 ) (14,990 )
At 31 March 2024 2,438 196,861 199,299
NET BOOK VALUE
At 31 March 2024 21,949 89,847 111,796
At 31 March 2023 24,387 74,036 98,423


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 332,790 412,447
Other debtors 66,800 15,727
399,590 428,174

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 10,438 2,614
Trade creditors 313,588 326,074
Taxation and social security 875 10,151
Other creditors 240,177 225,294
565,078 564,133

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 25,424 -

S & G Alfab Ltd (Registered number: 07162726)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 10,438 2,614
Between one and five years 25,424 -
35,862 2,614

Non-cancellable operating leases
2024 2023
£    £   
Within one year 13,794 19,034
Between one and five years 7,673 21,467
21,467 40,501

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
49 Ordinary "A" £1 49 49
49 Ordinary "B" £1 49 49
2 Ordinary "C" £1 2 2
100 100