Sadler Fogarty Services Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07477449

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		220,000
Tangible Assets	5		-		8,655

			-		228,655
CURRENT ASSETS
Stocks	6	-		55,210
Debtors	7	249,730		65,348
Cash at bank and in hand		24,694		226

		274,424		120,784
Creditors: Amounts Falling Due Within One Year	8	(50,553 )		(255,842 )

NET CURRENT ASSETS (LIABILITIES)			223,871		(135,058 )

TOTAL ASSETS LESS CURRENT LIABILITIES			223,871		93,597

Creditors: Amounts Falling Due After More Than One Year	9		(16,667 )		(26,667 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(1,485 )

NET ASSETS			207,204		65,445

CAPITAL AND RESERVES
Called up share capital	10		200		200
Revaluation reserve			-		60,000
Profit and Loss Account			207,004		5,245

SHAREHOLDERS' FUNDS			207,204		65,445

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Sadler Fogarty Services 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

Mrs G Fogarty

Director

30th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sadler Fogarty Services Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 07477449 . The registered office is Top Floor, West Hill House, Dartford, Kent, DA1 2EU.

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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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:

Fixtures & Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

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

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Sadler Fogarty Services Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 8)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	400,000
Disposals	(400,000 )

As at 31 December 2024	-

Amortisation
As at 1 January 2024	180,000
Disposals	(180,000 )

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	220,000

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	14,443	15,872	30,315
Disposals	(14,443 )	(15,872 )	(30,315 )

As at 31 December 2024	-	-	-

Depreciation
As at 1 January 2024	11,792	9,868	21,660
Disposals	(11,792 )	(9,868 )	(21,660 )

As at 31 December 2024	-	-	-

Net Book Value
As at 31 December 2024	-	-	-

As at 1 January 2024	2,651	6,004	8,655

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Sadler Fogarty Services Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Stocks

	2024	2023
	£	£
Stock	-	100
Work in progress	-	55,110

	-	55,210

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	17,095	59,976
Other debtors	-	5,372

	17,095	65,348
Due after more than one year
Other debtors	232,635	-

	249,730	65,348

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	6,984	6,829
Bank loans and overdrafts	-	4,475
Other loans	28,650	43,500
Other creditors	4,198	137,542
Taxation and social security	10,721	63,496

	50,553	255,842

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

	2024	2023
	£	£
Bank loans	16,667	26,667

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200	200

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