REGISTERED NUMBER: 12577277 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

S G Perkins Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S G Perkins

SECRETARY:

Mrs S F Perkins

REGISTERED OFFICE:

Heywood Farm

Terry Hill

Radstock

Bath

BA3 5UG

REGISTERED NUMBER:

12577277 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,590,075

1,731,236

1,590,075

1,731,236

CURRENT ASSETS

Stocks

93,065

84,440

Debtors

6

694,714

715,825

Cash at bank and in hand

24,800

120,419

812,579

920,684

CREDITORS

Amounts falling due within one year

7

2,230,140

1,921,280

NET CURRENT LIABILITIES

(1,417,561

)

(1,000,596

)

TOTAL ASSETS LESS CURRENT LIABILITIES

172,514

730,640

CREDITORS

Amounts falling due after more than one year

8

(518,420

)

(326,086

)

PROVISIONS FOR LIABILITIES

(271,014

)

(240,516

)

NET (LIABILITIES)/ASSETS

(616,920

)

164,038

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(617,020

)

163,938

(616,920

)

164,038

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 29 December 2025 and were signed by:

S G Perkins - Director

1.	STATUTORY INFORMATION

S G Perkins 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.	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 in 2020, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

4% on cost

Plant and machinery

-

10% on reducing balance

Cold rooms

-

4% on reducing balance

Motor vehicles

-

25% on reducing balance

Tractors

-

15% 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 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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

12,300

AMORTISATION

At 1 April 2024

and 31 March 2025

12,300

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Cold

property

machinery

rooms

£

£

£

COST

At 1 April 2024

629,397

1,168,857

172,571

Additions

-

13,049

-

At 31 March 2025

629,397

1,181,906

172,571

DEPRECIATION

At 1 April 2024

126,476

276,336

25,489

Charge for year

32,320

89,823

5,883

At 31 March 2025

158,796

366,159

31,372

NET BOOK VALUE

At 31 March 2025

470,601

815,747

141,199

At 31 March 2024

502,921

892,521

147,082

Motor

vehicles

Tractors

Totals

£

£

£

COST

At 1 April 2024

94,145

185,832

2,250,802

Additions

9,500

-

22,549

At 31 March 2025

103,645

185,832

2,273,351

DEPRECIATION

At 1 April 2024

38,188

53,077

519,566

Charge for year

15,770

19,914

163,710

At 31 March 2025

53,958

72,991

683,276

NET BOOK VALUE

At 31 March 2025

49,687

112,841

1,590,075

At 31 March 2024

55,957

132,755

1,731,236

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

689,646

673,024

VAT

-

37,818

Prepayments

5,068

4,983

694,714

715,825

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14,733

12,627

Hire purchase contracts

163,122

125,430

Trade creditors

1,177,040

762,955

Social security and other taxes

114,136

60,259

VAT

92,920

-

Other creditors

44,504

29,603

Directors' current accounts

618,310

925,406

Accrued expenses

5,375

5,000

2,230,140

1,921,280

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

16,975

33,814

Hire purchase contracts

501,445

292,272

518,420

326,086