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Company Registration No. SC408885 (Scotland)
Sadco Enterprise Ltd Unaudited accounts for the year ended 31 October 2025
Sadco Enterprise Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sadco Enterprise Ltd Company Information for the year ended 31 October 2025
Directors
Iqbal Sadiq Yasmin Sadiq Mr Mohammed Amir Sadiq Mr Saqib Assam Sadiq
Company Number
SC408885 (Scotland)
Registered Office
94-98 St Georges Cross Maryhill Road Glasgow G20 7QB SCOTLAND
Accountants
AMS Accounting Services Ltd Chartered Certified Accountants 7 Callanish Crescent Newton Mearns Glasgow United Kingdom G77 5WT
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Sadco Enterprise Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
100
100
Tangible assets
5
162,381
171,193
162,481
171,293
Current assets
Inventories
6
38,400
56,822
Debtors
7
26,416
32,731
Cash at bank and in hand
22,670
12,476
87,486
102,029
Creditors: amounts falling due within one year
8
(107,693)
(98,218)
Net current (liabilities)/assets
(20,207)
3,811
Total assets less current liabilities
142,274
175,104
Creditors: amounts falling due after more than one year
9
(71,459)
(102,731)
Net assets
70,815
72,373
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
70,715
72,273
Shareholders' funds
70,815
72,373
For the year ending 31 October 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2026 and were signed on its behalf by
Iqbal Sadiq Director Company Registration No. SC408885
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Sadco Enterprise Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Sadco Enterprise Ltd is a private company, limited by shares, registered in Scotland, registration number SC408885. The registered office is 94-98 St Georges Cross, Maryhill Road, Glasgow, G20 7QB, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
15% on reducing balance
Intangible fixed 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. Patents and licences are being amortised evenly over their estimated useful life of nil years.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
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Sadco Enterprise Ltd Notes to the Accounts for the year ended 31 October 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Hire purchase and leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Bounce Back loans
Under this scheme, business can access finance to maximum amount of £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months, the interest is capped at 2.5% per year.
Government grants
Government grants in relation to COVID-19 which becomes receivable as compensation for losses or expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs is recognised in income in the period in which it becomes receivable.
Coronavirus Job Retention Scheme
The Coronavirus Job Retention Scheme relates to staff who have been furloughed due to Covid-19. The grant is recognised within income and is not offset against expenditure (eg payroll cost) in profit or loss. CJRS grant is taxable income and hence is brought into tax computation as such. Where a CJRS grant is receivable by the reporting date but has not been received, a debtor balance is recognised.
Business rates relief
Business rates relief is not a government grant and hence FRS102, Section 24 and FRS 105, Section 19 will not apply. Where an entity has taken advantage off the business rates relief, it will be treated as an absent cost and profit or loss charge will be reduced for the period of the relief.
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Sadco Enterprise Ltd Notes to the Accounts for the year ended 31 October 2025
4
Intangible fixed assets
Other
£
Cost
At 1 November 2024
100
At 31 October 2025
100
Amortisation
At 1 November 2024
-
At 31 October 2025
-
Net book value
At 31 October 2025
100
At 31 October 2024
100
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2024
164,269
25,739
143,914
15,204
349,126
At 31 October 2025
164,269
25,739
143,914
15,204
349,126
Depreciation
At 1 November 2024
34,525
16,435
115,623
11,350
177,933
Charge for the year
2,595
1,395
4,244
578
8,812
At 31 October 2025
37,120
17,830
119,867
11,928
186,745
Net book value
At 31 October 2025
127,149
7,909
24,047
3,276
162,381
At 31 October 2024
129,744
9,304
28,291
3,854
171,193
6
Inventories
2025
2024
£
£
Finished goods
38,400
56,822
38,400
56,822
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
1,916
2,231
Amounts falling due after more than one year
Other debtors
24,500
30,500
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Sadco Enterprise Ltd Notes to the Accounts for the year ended 31 October 2025
8
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
5,231
6,381
Trade creditors
63,689
59,682
Taxes and social security
6,265
4,855
Other creditors
5,216
11,234
Loans from directors
25,092
13,681
Accruals
2,200
2,385
107,693
98,218
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
7,385
17,421
Other creditors
49,640
64,140
Taxes and social security
14,434
21,170
71,459
102,731
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Transactions with related parties
The company owes Mr Iqbal Sadiq, a director, an amount of £12,546 (2024: £6,840) as at the balance sheet date. There is no interest on this loan and no fixed date for repayment. The company owes Mrs Yasmin Sadiq, a director, an amount of £12,546 (2024: £6,841) as at the balance sheet date. There is no interest on this loan and no fixed date for repayment.
12
Average number of employees
During the year the average number of employees was 17 (2024: 17).
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