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REGISTERED NUMBER: 12577277 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

S G Perkins Limited

S G Perkins Limited (Registered number: 12577277)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S G Perkins Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S G Perkins





SECRETARY: Mrs S F Perkins





REGISTERED OFFICE: Heywood Farm
Terry Hill
Radstock
Bath
BA3 5UG





REGISTERED NUMBER: 12577277 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

S G Perkins Limited (Registered number: 12577277)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 342
Tangible assets 5 1,731,236 1,647,294
1,731,236 1,647,636

CURRENT ASSETS
Stocks 84,440 119,000
Debtors 6 715,825 583,810
Cash at bank and in hand 120,419 489,832
920,684 1,192,642
CREDITORS
Amounts falling due within one year 7 1,921,280 2,034,170
NET CURRENT LIABILITIES (1,000,596 ) (841,528 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

730,640

806,108

CREDITORS
Amounts falling due after more than one
year

8

(326,086

)

(388,934

)

PROVISIONS FOR LIABILITIES (240,516 ) (267,392 )
NET ASSETS 164,038 149,782

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 163,938 149,682
164,038 149,782

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 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.

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 24 December 2024 and were signed by:



S G Perkins - Director


S G Perkins Limited (Registered number: 12577277)

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

1. STATUTORY INFORMATION

S G Perkins 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of three 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.
Improvements to property - 4% on cost
Plant and machinery - 10% on reducing balance
Cold rooms - 4% on reducing balance
Motor vehicles - 25% on reducing balance
Tractors - 15% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 26 ) .

S G Perkins Limited (Registered number: 12577277)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 12,300
AMORTISATION
At 1 April 2023 11,958
Charge for year 342
At 31 March 2024 12,300
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 342

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Cold
property machinery rooms
£    £    £   
COST
At 1 April 2023 629,397 946,344 172,571
Additions - 222,513 -
At 31 March 2024 629,397 1,168,857 172,571
DEPRECIATION
At 1 April 2023 94,156 178,948 19,361
Charge for year 32,320 97,388 6,128
At 31 March 2024 126,476 276,336 25,489
NET BOOK VALUE
At 31 March 2024 502,921 892,521 147,082
At 31 March 2023 535,241 767,396 153,210

Motor
vehicles Tractors Totals
£    £    £   
COST
At 1 April 2023 54,800 185,832 1,988,944
Additions 39,345 - 261,858
At 31 March 2024 94,145 185,832 2,250,802
DEPRECIATION
At 1 April 2023 19,536 29,649 341,650
Charge for year 18,652 23,428 177,916
At 31 March 2024 38,188 53,077 519,566
NET BOOK VALUE
At 31 March 2024 55,957 132,755 1,731,236
At 31 March 2023 35,264 156,183 1,647,294

S G Perkins Limited (Registered number: 12577277)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 673,024 548,032
Tax - 30,795
VAT 37,818 -
Prepayments 4,983 4,983
715,825 583,810

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,627 14,756
Hire purchase contracts 125,430 123,698
Trade creditors 762,955 505,653
Social security and other taxes 60,259 23,102
VAT - 13,236
Other creditors 29,603 37,927
Directors' current accounts 925,406 1,312,298
Accrued expenses 5,000 3,500
1,921,280 2,034,170

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 33,814 44,311
Hire purchase contracts 292,272 344,623
326,086 388,934