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REGISTERED NUMBER: 07025467 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE SFS MANUFACTURING GROUP LIMITED

THE SFS MANUFACTURING GROUP LIMITED (REGISTERED NUMBER: 07025467)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SFS MANUFACTURING GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J P Soanes
D W Sargent





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





REGISTERED NUMBER: 07025467 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

THE SFS MANUFACTURING GROUP LIMITED (REGISTERED NUMBER: 07025467)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,439,814 2,176,391
Investments 6 1,100 1,100
2,440,914 2,177,491

CURRENT ASSETS
Stocks 267,022 257,049
Debtors 7 514,653 426,345
Cash at bank and in hand 59,864 132,030
841,539 815,424
CREDITORS
Amounts falling due within one year 8 (608,667 ) (456,004 )
NET CURRENT ASSETS 232,872 359,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,673,786

2,536,911

CREDITORS
Amounts falling due after more than one
year

9

(1,011,916

)

(1,057,461

)

PROVISIONS FOR LIABILITIES (145,243 ) (96,154 )
NET ASSETS 1,516,627 1,383,296

CAPITAL AND RESERVES
Called up share capital 1,400 1,400
Other reserves 197,732 197,732
Retained earnings 1,317,495 1,184,164
SHAREHOLDERS' FUNDS 1,516,627 1,383,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

THE SFS MANUFACTURING GROUP LIMITED (REGISTERED NUMBER: 07025467)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





J P Soanes - Director


THE SFS MANUFACTURING GROUP LIMITED (REGISTERED NUMBER: 07025467)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

The SFS Manufacturing Group 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.

Preparation of consolidated financial statements
The financial statements contain information about The SFS Manufacturing Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 2010, is being amortised evenly over its estimated useful life of ten years.

Research and development
Research and development is being amortised evenly over its estimated useful life of four years, commencing from 1 October 2012.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Depreciation is not provided on the freehold properties as, in the directors opinion, the current market value will be similar to the original cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


THE SFS MANUFACTURING GROUP LIMITED (REGISTERED NUMBER: 07025467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


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
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.

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.

Grant income
Grant income is recognised on the accruals model. Where there are no future performances related conditions, income is recognised when the grant proceeds are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 33 ) .

THE SFS MANUFACTURING GROUP LIMITED (REGISTERED NUMBER: 07025467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INTANGIBLE FIXED ASSETS
Research
and
Goodwill development Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 80,000 32,887 112,887
AMORTISATION
At 1 October 2023
and 30 September 2024 80,000 32,887 112,887
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 1,858,845 720,956 51,224
Additions - 224,151 16,483
Disposals - - -
At 30 September 2024 1,858,845 945,107 67,707
DEPRECIATION
At 1 October 2023 - 462,623 7,372
Charge for year - 70,452 14,367
Eliminated on disposal - - -
At 30 September 2024 - 533,075 21,739
NET BOOK VALUE
At 30 September 2024 1,858,845 412,032 45,968
At 30 September 2023 1,858,845 258,333 43,852

THE SFS MANUFACTURING GROUP LIMITED (REGISTERED NUMBER: 07025467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 26,690 37,289 2,695,004
Additions 123,468 1,954 366,056
Disposals (11,995 ) - (11,995 )
At 30 September 2024 138,163 39,243 3,049,065
DEPRECIATION
At 1 October 2023 21,007 27,611 518,613
Charge for year 15,149 2,665 102,633
Eliminated on disposal (11,995 ) - (11,995 )
At 30 September 2024 24,161 30,276 609,251
NET BOOK VALUE
At 30 September 2024 114,002 8,967 2,439,814
At 30 September 2023 5,683 9,678 2,176,391

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 17,687 - 17,687
Additions - 99,890 99,890
Disposals - (11,995 ) (11,995 )
At 30 September 2024 17,687 87,895 105,582
DEPRECIATION
At 1 October 2023 14,736 - 14,736
Charge for year - 10,763 10,763
At 30 September 2024 14,736 10,763 25,499
NET BOOK VALUE
At 30 September 2024 2,951 77,132 80,083
At 30 September 2023 2,951 - 2,951

THE SFS MANUFACTURING GROUP LIMITED (REGISTERED NUMBER: 07025467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 October 2023
and 30 September 2024 1,100
NET BOOK VALUE
At 30 September 2024 1,100
At 30 September 2023 1,100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 464,364 389,476
Other debtors 9,150 6,961
Tax 47 -
Prepayments 41,092 29,908
514,653 426,345

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 98,180 98,180
Hire purchase contracts (see note 10) 74,639 -
Trade creditors 274,237 191,871
Amounts owed to group undertakings 100 100
Tax 25,491 31,356
Social security and other taxes 23,097 22,583
VAT 23,500 4,898
Other creditors 65,748 57,795
Directors' current accounts 13,146 39,432
Accrued expenses 10,529 9,789
608,667 456,004

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 96,353 98,180
Bank loans - 2-5 years 88,180 97,282
Bank loans more 5 yr by instal 827,383 861,999
1,011,916 1,057,461

THE SFS MANUFACTURING GROUP LIMITED (REGISTERED NUMBER: 07025467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 827,383 861,999

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 74,639 -

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,110,096 1,155,641
Hire purchase contracts 74,639 -
1,184,735 1,155,641

The bank loan, overdraft and invoice discounting balances are secured by a debenture giving a fixed and floating charge over the property and assets of the company both present and future.

Hire purchase liabilities are secured on the assets acquired.