Registration number: 03900587

S & G Sealed Units Limited

Contents

Accountants' Report	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
S & G Sealed Units Limited
for the Year Ended 31 January 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of S & G Sealed Units Limited for the year ended 31 January 2026 as set out on pages 2 to 9 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 at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of S & G Sealed Units Limited, as a body, in accordance with the terms of our engagement letter dated 3 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of S & G Sealed Units Limited and state those matters that we have agreed to state to the Board of Directors of S & G Sealed Units 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 S & G Sealed Units Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that S & G Sealed Units 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 S & G Sealed Units Limited. You consider that S & G Sealed Units 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 S & G Sealed Units 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.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

21 October 2026

S & G Sealed Units Limited

(Registration number: 03900587)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	92,798	118,659
Current assets
Stocks		15,000	6,000
Debtors	5	189,148	211,393
Cash at bank and in hand		281,005	311,345
		485,153	528,738
Creditors: Amounts falling due within one year	6	(140,142)	(163,651)
Net current assets		345,011	365,087
Total assets less current liabilities		437,809	483,746
Creditors: Amounts falling due after more than one year	6	-	(3,531)
Provisions for liabilities		(16,125)	(22,055)
Net assets		421,684	458,160
Capital and reserves
Allotted, called up and fully paid share capital		2	2
Profit and loss account		421,682	458,158
Total equity		421,684	458,160

S & G Sealed Units Limited

(Registration number: 03900587)
Balance Sheet as at 31 January 2026 (continued)

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 October 2026 and signed on its behalf by:
 

.........................................

L G Ostridge

Director

S & G Sealed Units Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Denton Holme Trade Centre
Chapel Place
CARLISLE
CA2 5DF

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

S & G Sealed Units Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold building improvements	5% straight line basis
Plant and equipment	15% reducing balance basis
Motor vehicles	25% reducing balance basis
Furniture, fittings and office equipment	33% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

S & G Sealed Units Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2025 - 9).

S & G Sealed Units Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

4	Tangible assets

	Land and buildings £	Plant and equipment  £	Motor vehicles  £	Furniture, fittings and office equipment  £	Total £
Cost or valuation
At 1 February 2025	117,882	654,497	130,366	53,800	956,545
Additions	-	-	-	751	751
At 31 January 2026	117,882	654,497	130,366	54,551	957,296
Depreciation
At 1 February 2025	105,646	583,113	98,926	50,201	837,886
Charge for the year	5,894	10,708	7,860	2,150	26,612
At 31 January 2026	111,540	593,821	106,786	52,351	864,498
Carrying amount
At 31 January 2026	6,342	60,676	23,580	2,200	92,798
At 31 January 2025	12,236	71,384	31,440	3,599	118,659

5

Debtors

	2026 £	2025 £
Trade debtors	171,491	191,544
Other debtors	17,657	19,849
	189,148	211,393

6

Creditors

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	7	21,482	34,951
Trade creditors		78,038	79,469
Taxation and social security		19,442	21,619
Corporation tax liability		15,366	21,358
Other creditors		5,814	6,254
		140,142	163,651
Due after one year
Loans and borrowings	7	-	3,531

S & G Sealed Units Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

7	Loans and borrowings

	2026 £	2025 £
Current loans and borrowings
Bank borrowings	3,531	10,419
Other borrowings	17,951	24,532
	21,482	34,951

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

	2026 £	2025 £
Bank borrowings	3,531	10,419

Bank borrowings are secured by fixed and floating charges over the company's assets.