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REGISTERED NUMBER: 10427421 (England and Wales)















S & B Group Trade Limited

Unaudited Financial Statements for the Year Ended 31 October 2024






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






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




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 2024







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 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 49,255 66,047
Investment property 5 554,198 546,014
603,453 612,061

CURRENT ASSETS
Debtors 6 9,607 11,192
Cash at bank 823 5,891
10,430 17,083
CREDITORS
Amounts falling due within one year 7 262,575 292,801
NET CURRENT LIABILITIES (252,145 ) (275,718 )
TOTAL ASSETS LESS CURRENT LIABILITIES 351,308 336,343

CREDITORS
Amounts falling due after more than one
year

8

328,950

328,969
NET ASSETS 22,358 7,374

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,258 7,274
SHAREHOLDERS' FUNDS 22,358 7,374

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

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

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

Statement of Financial Position - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 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 2024

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 (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 83,958
DEPRECIATION
At 1 November 2023 17,911
Charge for year 16,792
At 31 October 2024 34,703
NET BOOK VALUE
At 31 October 2024 49,255
At 31 October 2023 66,047

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

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 546,014
Additions 8,184
At 31 October 2024 554,198
NET BOOK VALUE
At 31 October 2024 554,198
At 31 October 2023 546,014

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,607 11,192

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 22,530
Trade creditors 11,130 -
Taxation and social security 8,066 4,043
Other creditors 243,379 266,228
262,575 292,801

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 328,950 328,969

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 328,950 328,969

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