REGISTERED NUMBER: 05490595 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

SFG Products Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Glanville

Mrs M R Glanville

REGISTERED OFFICE:

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

REGISTERED NUMBER:

05490595 (England and Wales)

ACCOUNTANTS:

Dolman's Chartered Accountants

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

FIXED ASSETS

Tangible assets

4

201,995

212,691

CURRENT ASSETS

Stocks

35,500

36,800

Debtors

5

72,184

95,716

Cash at bank

100,048

68,707

207,732

201,223

CREDITORS

Amounts falling due within one year

6

246,409

230,466

NET CURRENT LIABILITIES

(38,677

)

(29,243

)

TOTAL ASSETS LESS CURRENT LIABILITIES

163,318

183,448

CREDITORS

Amounts falling due after more than one year

7

15,036

53,111

NET ASSETS

148,282

130,337

CAPITAL AND RESERVES

Called up share capital

102

2

Retained earnings

148,180

130,335

SHAREHOLDERS' FUNDS

148,282

130,337

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 directors acknowledge their 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 Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

J A Glanville - Director

1.	STATUTORY INFORMATION

SFG Products Ltd 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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 20% on reducing balance, 10% on cost and at variable rates on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

15,579

462,239

52,196

Additions

-

-

-

Disposals

-

-

-

At 31 March 2025

15,579

462,239

52,196

DEPRECIATION

At 1 April 2024

15,083

292,541

29,870

Charge for year

496

21,022

2,791

Eliminated on disposal

-

-

-

At 31 March 2025

15,579

313,563

32,661

NET BOOK VALUE

At 31 March 2025

-

148,676

19,535

At 31 March 2024

496

169,698

22,326

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

38,515

4,184

572,713

Additions

24,833

4,515

29,348

Disposals

(15,000

)

-

(15,000

)

At 31 March 2025

48,348

8,699

587,061

DEPRECIATION

At 1 April 2024

21,147

1,381

360,022

Charge for year

7,334

2,871

34,514

Eliminated on disposal

(9,470

)

-

(9,470

)

At 31 March 2025

19,011

4,252

385,066

NET BOOK VALUE

At 31 March 2025

29,337

4,447

201,995

At 31 March 2024

17,368

2,803

212,691

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

58,075

81,607

Other debtors

14,109

14,109

72,184

95,716

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

45,239

45,239

Hire purchase contracts

2,666

-

Trade creditors

68,883

47,806

Taxation and social security

23,441

32,743

Other creditors

106,180

104,678

246,409

230,466

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

9,925

53,111

Hire purchase contracts

5,111

-

15,036

53,111