1 January 2024 v2025.59.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP109179052024-01-012024-12-31109179052024-12-31109179052023-12-3110917905core:WithinOneYear2024-12-3110917905core:WithinOneYear2023-12-3110917905core:AfterOneYear2024-12-3110917905core:AfterOneYear2023-12-3110917905core:ShareCapital2024-12-3110917905core:ShareCapital2023-12-3110917905core:RetainedEarningsAccumulatedLosses2024-12-3110917905core:RetainedEarningsAccumulatedLosses2023-12-3110917905bus:Director12024-01-012024-12-3110917905bus:Director22024-01-012024-12-3110917905bus:RegisteredOffice2024-01-012024-12-3110917905core:CostValuation2024-01-0110917905core:AdditionsToInvestments2024-12-3110917905core:DisposalsRepaymentsInvestments2024-12-3110917905core:CostValuation2024-12-311091790512024-01-012024-12-31109179052023-01-012023-12-3110917905countries:EnglandWales2024-01-012024-12-3110917905bus:AuditExemptWithAccountantsReport2024-01-012024-12-3110917905bus:PrivateLimitedCompanyLtd2024-01-012024-12-3110917905bus:SmallEntities2024-01-012024-12-3110917905bus:FullAccounts2024-01-012024-12-31
Company registration number:
10917905
S & B Group Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2024
S & B Group Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of S & B Group Ltd
Year ended
31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
S & B Group Ltd
for the year ended
31 December 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
S & B Group Ltd
, as a body, in accordance with the terms of my engagement letter dated 27 August 2021. My work has been undertaken solely to prepare for your approval the
financial statements
of
S & B Group Ltd
and state those matters that I have agreed to state to the Board of Directors of
S & B Group Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
S & B Group Ltd
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
S & B Group Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
S & B Group Ltd
. You consider that
S & B Group Ltd
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of S & B Group Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Angela Hayward Accountant Limited
Chartered Accountant
17 High Street
Needham Market
Ipswich
Suffolk
IP6 8AL
United Kingdom
Date:
1 September 2025
S & B Group Ltd
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Investments 5
1,136,903
 
1,123,115
 
Creditors: amounts falling due within one year 6
(242,680
 )
(163,467
 )
Net current liabilities
(242,680
 )
(163,467
 )
Total assets less current liabilities 894,223   959,648  
Creditors: amounts falling due after more than one year 7
(1,070,371
 )
(1,113,115
 )
Net liabilities
(176,148
 )
(153,467
 )
Capital and reserves    
Called up share capital
10,000
 
10,000
 
Profit and loss account
(186,148
 )
(163,467
 )
Shareholders deficit
(176,148
 )
(153,467
 )
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
1 September 2025
, and are signed on behalf of the board by:
Mr A Smits
Mr J Baker
DirectorDirector
Company registration number:
10917905
S & B Group Ltd
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Poplar Business Centre
,
The Heath, Woolpit
,
Bury St Edmunds
,
Suffolk
,
IP30 9RN
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Consolidation

The entity has taken advantage of the option not to prepare consolidated
financial statements
contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in .

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. . All other such investments are subsequently measured at cost less impairment.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Investments

Shares in group undertakings and participating interestsLoans to group undertakings and participating interestsTotal
£££
Cost      
At
1 January 2024
10,100
 
1,113,015
 
1,123,115
 
Additions
5,000
 
608,788
 
613,788
 
Disposals -  
(600,000
 )
(600,000
 )
At
31 December 2024
15,100
 
1,121,803
 
1,136,903
 
Impairment      
At
1 January 2024
and
31 December 2024
 -   -   -  
Carrying amount      
At
31 December 2024
15,100
 
1,121,803
 
1,136,903
 
At 31 December 2023
10,100
 
1,113,015
 
1,123,115
 

6 Creditors: amounts falling due within one year

20242023
££
Other creditors
242,680
 
163,467
 

7 Creditors: amounts falling due after more than one year

20242023
££
Other creditors
1,070,371
 
1,113,115
 
Other creditors include loans from the shareholders amounting to £1,070,371 (2024: £1,113,115). Interest is being paid on these loans at 3% p.a. Interest accrued but not paid at the year end amounts to £34,427 (2024: £163,467) .