REGISTERED NUMBER: 02470523 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SARGEANTS BROTHERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

M Evans

REGISTERED OFFICE:

The Garage

Mill Street

Kington

HR5 3AL

REGISTERED NUMBER:

02470523 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Number 5

The Business Quarter

Eco Park Road

Ludlow

Shropshire

SY8 1FD

FIXED ASSETS

Tangible assets

5

1,349,753

1,310,108

CURRENT ASSETS

Debtors

6

820,521

169,024

Cash at bank and in hand

179,583

152,761

1,000,104

321,785

CREDITORS

Amounts falling due within one year

7

1,121,661

407,948

NET CURRENT LIABILITIES

(121,557

)

(86,163

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,228,196

1,223,945

CREDITORS

Amounts falling due after more than one year

8

(285,970

)

(378,056

)

PROVISIONS FOR LIABILITIES

(337,438

)

(248,700

)

NET ASSETS

604,788

597,189

CAPITAL AND RESERVES

Called up share capital

950

950

Revaluation reserve

11

6,940

24,712

Retained earnings

596,898

571,527

604,788

597,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2025 and were signed by:

M Evans - Director

1.	STATUTORY INFORMATION

Sargeants Brothers Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention. The accounts have been prepared on a going concern basis.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

10% on reducing balance

Office equipment

-

33% on cost

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and

subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 30 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

84,710

1,977,860

8,488

2,071,058

Additions

101,644

223,450

1,085

326,179

Disposals

(45,604

)

(227,792

)

-

(273,396

)

At 31 March 2025

140,750

1,973,518

9,573

2,123,841

DEPRECIATION

At 1 April 2024

58,738

695,126

7,086

760,950

Charge for year

24,753

138,865

1,483

165,101

Eliminated on disposal

(41,635

)

(110,328

)

-

(151,963

)

At 31 March 2025

41,856

723,663

8,569

774,088

NET BOOK VALUE

At 31 March 2025

98,894

1,249,855

1,004

1,349,753

At 31 March 2024

25,972

1,282,734

1,402

1,310,108

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

-

764,133

764,133

Additions

48,200

60,000

108,200

At 31 March 2025

48,200

824,133

872,333

DEPRECIATION

At 1 April 2024

-

141,074

141,074

Charge for year

9,640

68,306

77,946

At 31 March 2025

9,640

209,380

219,020

NET BOOK VALUE

At 31 March 2025

38,560

614,753

653,313

At 31 March 2024

-

623,059

623,059

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

545,859

148,608

Other debtors

10,000

4,698

VAT

59,362

9,890

Accrued income

65,337

-

Prepayments

139,963

5,828

820,521

169,024

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bounce back loan

5,498

5,362

Hire purchase contracts (see note 9)

181,603

159,999

Trade creditors

465,642

71,487

Amounts owed to group undertakings

319,400

130,000

Tax

82,216

13,451

Social security and other taxes

34,066

21,036

Other creditors

24,118

2,863

Accrued expenses

9,118

3,750

1,121,661

407,948

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bounce back loan

25,480

30,978

Hire purchase contracts (see note 9)

260,490

347,078

285,970

378,056

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

181,603

159,999

Between one and five years

260,490

347,078

442,093

507,077

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

165,000

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

442,093

507,077

The hire purchase contracts are secured on the assets to which they relate.

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

24,712

Transfer to profit and loss

(17,772

)

At 31 March 2025

6,940

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sargeants Brothers Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sargeants Brothers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sargeants Brothers Limited and state those matters that we have agreed to state to the director of Sargeants Brothers Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sargeants Brothers Limited and its director for our work or for this report.

It is your duty to ensure that Sargeants Brothers Limited 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 profit of Sargeants Brothers Limited. You consider that Sargeants Brothers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sargeants Brothers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

Number 5

The Business Quarter

Eco Park Road

Ludlow

Shropshire

SY8 1FD

17 December 2025