REGISTERED NUMBER: 09203972 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

S & G Coventry Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Raminder Kaur Sidhu

Mr Ranjeet Singh Sidhu

REGISTERED OFFICE:

Office 1

21 Hatherton Street

Walsall

WS4 2LA

REGISTERED NUMBER:

09203972 (England and Wales)

ACCOUNTANTS:

Dhillon Accountants Limited

Chartered Accountants

Office 1

21 Hatherton Street

Walsall

WS4 2LA

FIXED ASSETS

Intangible assets

4

687,910

887,439

Tangible assets

5

18,462

24,101

706,372

911,540

CURRENT ASSETS

Stocks

34,923

56,490

Debtors

6

288,487

238,319

Cash at bank and in hand

146,672

99,440

470,082

394,249

CREDITORS

Amounts falling due within one year

7

(355,856

)

(656,474

)

NET CURRENT ASSETS/(LIABILITIES)

114,226

(262,225

)

TOTAL ASSETS LESS CURRENT LIABILITIES

820,598

649,315

CREDITORS

Amounts falling due after more than one year

8

(559,933

)

(639,215

)

NET ASSETS

260,665

10,100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

260,565

10,000

SHAREHOLDERS' FUNDS

260,665

10,100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Profit and Loss Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

Mr Ranjeet Singh Sidhu - Director

1.	STATUTORY INFORMATION

S & G Coventry Ltd 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, is being amortised evenly over its estimated useful life of 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% 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 Profit and Loss 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

1,520,595

Disposals

(149,500

)

At 31 December 2024

1,371,095

AMORTISATION

At 1 January 2024

633,156

Charge for year

50,029

At 31 December 2024

683,185

NET BOOK VALUE

At 31 December 2024

687,910

At 31 December 2023

887,439

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

78,865

Additions

500

At 31 December 2024

79,365

DEPRECIATION

At 1 January 2024

54,764

Charge for year

6,139

At 31 December 2024

60,903

NET BOOK VALUE

At 31 December 2024

18,462

At 31 December 2023

24,101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

198,618

134,260

Other debtors

89,869

104,059

288,487

238,319

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

92,314

122,585

Trade creditors

162,030

239,470

Taxation and social security

3,473

22,336

Other creditors

98,039

272,083

355,856

656,474

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

559,933

639,215

9.	RELATED PARTY DISCLOSURES

During the year, the company has paid rent of £8,525 for 5 months (2023: £20,460 for 12 months) in respect of "16 Bromleigh drive, Copsewood, Coventry" being the business property owned by the Director.

The company is owed £20,079 (2023: £74,318) by S&G Wolverhampton Limited. Mr Ranjeet S Sidhu and Mrs Raminder Kaur Sidhu were also directors of S&G Wolverhampton Limited as at 31 December 2024.

The company is owed £75,580 (2023: £65,580) to Scriptcare Limited. Mr Ranjeet S Sidhu is the director of Scriptcare Limited at 31 December 2024.

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party are Mrs Raminder Kaur Sidhu & Mr Ranjeet Singh Sidhu by virtue of their ownership of 100% of the issued share capital in the company.