REGISTERED NUMBER: 10213632 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2023 to 31 December 2024

for

S & G Wolverhampton Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Ranjeet Singh Sidhu

Mrs Raminder Kaur Sidhu

REGISTERED OFFICE:

Office 1

21 Hatherton Street

Walsall

WS4 2LA

REGISTERED NUMBER:

10213632 (England and Wales)

ACCOUNTANTS:

Dhillon Accountants Limited

Chartered Accountants

Office 1

21 Hatherton Street

Walsall

WS4 2LA

FIXED ASSETS

Intangible assets

4

117,409

190,790

Tangible assets

5

191,619

23,720

Investments

6

1,021,526

1,021,526

1,330,554

1,236,036

CURRENT ASSETS

Stocks

25,644

34,579

Debtors

7

220,493

134,640

Cash at bank and in hand

169,448

129,032

415,585

298,251

CREDITORS

Amounts falling due within one year

8

(613,210

)

(480,622

)

NET CURRENT LIABILITIES

(197,625

)

(182,371

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,132,929

1,053,665

CREDITORS

Amounts falling due after more than one year

9

(908,198

)

(877,684

)

NET ASSETS

224,731

175,981

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

224,631

175,881

SHAREHOLDERS' FUNDS

224,731

175,981

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Account 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 Wolverhampton 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 comprises of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of 10 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

-

20% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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 period was 12 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 31 December 2024

587,044

AMORTISATION

At 1 October 2023

396,254

Charge for period

73,381

At 31 December 2024

469,635

NET BOOK VALUE

At 31 December 2024

117,409

At 30 September 2023

190,790

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2023

-

61,445

61,445

Additions

162,144

12,316

174,460

At 31 December 2024

162,144

73,761

235,905

DEPRECIATION

At 1 October 2023

-

37,725

37,725

Charge for period

-

6,561

6,561

At 31 December 2024

-

44,286

44,286

NET BOOK VALUE

At 31 December 2024

162,144

29,475

191,619

At 30 September 2023

-

23,720

23,720

6.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 1 October 2023

and 31 December 2024

1,021,526

NET BOOK VALUE

At 31 December 2024

1,021,526

At 30 September 2023

1,021,526

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.9.23

£

£

Trade debtors

132,234

102,945

Other debtors

88,259

31,695

220,493

134,640

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.9.23

£

£

Bank loans and overdrafts

169,921

154,800

Trade creditors

215,093

153,943

Amounts owed to group undertakings

147,916

25,357

Taxation and social security

48,925

43,788

Other creditors

31,355

102,734

613,210

480,622

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

30.9.23

£

£

Bank loans

908,198

877,684

10.	RELATED PARTY DISCLOSURES

Included in other creditors is the balance due to the company mentioned below as at 31 December 2024:

- S & G Coventry Limited - £20,079 (2023 - £81,318)

The above loan is interest free and repayable on demand.

Mr Ranjeet Singh Sidhu and Mrs Raminder Kaur Sidhu are the directors of above mentioned company as at 31 December 2024.