| The S D Group Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of The S D Group Limited for the year ended 30 April 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The S D Group Limited for the year ended 30 April 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the 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, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance |
| This report is made solely to the Board of Directors of The S D Group Limited, as a body, in accordance with the terms of our engagement letter dated 28 November 2019. Our work has been undertaken solely to prepare for your approval the accounts of The S D Group Limited and state those matters that we have agreed to state to the Board of Directors of The S D Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The S D Group Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that The S D Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The S D Group Limited. You consider that The S D Group 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 accounts of The S D Group 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 accounts. |
|
| Wingfield Hall Consultancy Limited |
| Chartered Accountants |
| Wingfield Hall |
| Wingfield |
| Diss |
| IP21 5QX |
|
| 22 October 2025 |
|
| The S D Group Limited |
| Registered number: |
06442487 |
| Balance Sheet |
| as at 30 April 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
2,426,513 |
|
|
2,459,013 |
| Investments |
4 |
|
|
1,200,000 |
|
|
1,200,000 |
|
|
|
|
3,626,513 |
|
|
3,659,013 |
|
| Current assets |
| Cash at bank and in hand |
|
|
16,229 |
|
|
26,528 |
|
| Creditors: amounts falling due within one year |
5 |
|
(743,535) |
|
|
(860,773) |
|
| Net current liabilities |
|
|
|
(727,306) |
|
|
(834,245) |
|
| Total assets less current liabilities |
|
|
|
2,899,207 |
|
|
2,824,768 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(452,842) |
|
|
(558,655) |
|
|
|
| Net assets |
|
|
|
2,446,365 |
|
|
2,266,113 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
999 |
|
|
999 |
| Profit and loss account |
|
|
|
2,445,366 |
|
|
2,265,114 |
|
| Shareholders' funds |
|
|
|
2,446,365 |
|
|
2,266,113 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S J Davis |
| Director |
| Approved by the board on 22 October 2025 |
|
| The S D Group Limited |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 20 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| £ |
£ |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 May 2024 |
2,701,513 |
|
At 30 April 2025 |
2,701,513 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2024 |
242,500 |
|
Charge for the year |
32,500 |
|
At 30 April 2025 |
275,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2025 |
2,426,513 |
|
At 30 April 2024 |
2,459,013 |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 May 2024 |
1,200,000 |
|
|
At 30 April 2025 |
1,200,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 May 2024 |
1,809,000 |
|
At 30 April 2025 |
1,809,000 |
|
|
|
|
|
|
|
|
|
|
The company held 100% of the shares in Stuart Davis Limited whose principal activity is poultry farming and haulage. The aggregate reserves at 30 April 2025 were £753,308 (2024 £798,594). |
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
46,284 |
|
42,535 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
689,660 |
|
402,820 |
|
Taxation and social security costs |
2,991 |
|
5,124 |
|
Other creditors |
4,600 |
|
410,294 |
|
|
|
|
|
|
743,535 |
|
860,773 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
452,842 |
|
558,655 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
262,944 |
|
377,967 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
499,127 |
|
601,190 |
|
|
|
|
|
|
|
|
|
|
The loans are secured by a cross guarantee between the company and Stuart Davis limited, a charge over freehold property in the company and a floating charge on the assets of the company. |
|
|
| 8 |
Contingent liabilities |
|
|
The company is party to a cross guarantee in favour of Barclays Bank entered into with Stuart Davis limited. |
|
|
| 9 |
Other information |
|
|
The S D Group Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Stitches Farm |
|
Lower Chase |
|
Althorne |
|
Essex |
|
CM3 6BY |