Sutro Group Ltd

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

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Sutro Group Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 12376104

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		301,218		309,506

			301,218		309,506
CURRENT ASSETS
Debtors	5	360,223		468,390
Cash at bank and in hand		91,298		212,543

		451,521		680,933
Creditors: Amounts Falling Due Within One Year	6	(319,419 )		(534,956 )

NET CURRENT ASSETS (LIABILITIES)			132,102		145,977

TOTAL ASSETS LESS CURRENT LIABILITIES			433,320		455,483

Creditors: Amounts Falling Due After More Than One Year	7		(185,030 )		(193,871 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(72,955 )		(77,377 )

NET ASSETS			175,335		184,235

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			175,235		184,135

SHAREHOLDERS' FUNDS			175,335		184,235

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Sutro Group Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr G A Drane

Director

1 September 2025

The notes on pages 4 to 6 form part of these financial statements.

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Sutro Group Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Sutro Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12376104 . The registered office is Office 3, Frazer Building, Bute Street, Cardiff, CF10 5LE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Sutro Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 4)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	104,871	299,568	22,532	426,971
Additions	57,726	39,750	2,600	100,076
Disposals	-	(23,995 )	-	(23,995 )

As at 31 December 2024	162,597	315,323	25,132	503,052

Depreciation
As at 1 January 2024	47,733	59,042	10,690	117,465
Provided during the period	26,885	63,374	4,889	95,148
Disposals	-	(10,779 )	-	(10,779 )

As at 31 December 2024	74,618	111,637	15,579	201,834

Net Book Value
As at 31 December 2024	87,979	203,686	9,553	301,218

As at 1 January 2024	57,138	240,526	11,842	309,506

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	294,750	404,933
Amounts owed by group undertakings	38,008	2,405
Other debtors	27,465	61,052

	360,223	468,390

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Sutro Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	71,255	51,481
Trade creditors	127,599	189,894
Bank loans and overdrafts	11,043	116,579
Other creditors	50,775	146,005
Taxation and social security	58,747	30,997

	319,419	534,956

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	180,863	179,704
Bank loans	4,167	14,167

	185,030	193,871

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	71,255	51,481
Later than one year and not later than five years	180,863	179,704

	252,118	231,185

	252,118	231,185

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within creditors are the following loans from directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Gregory Drane	(1,162 )	-	(2,570 )	124	(3,608 )
Mr Richard Denmead	(1,864 )	-	(2,623 )	-	(4,487 )

The above loan is unsecured, interest free and repayable on demand.

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Directors	Mr G A Drane
	Mr R J Denmead

Secretary	Mr R J Denmead

Company Number	12376104

Registered Office	Office 3, Frazer Building
	Bute Street
	Cardiff
	CF10 5LE

Accountants	HSJ Accountants Ltd
	Severn House
	Hazell Drive
	Newport
	NP10 8FY