S & G Trading (NW) Ltd - Accounts to registrar (filleted) - small 18.2

S & G Trading (NW) Ltd

Unaudited Financial Statements for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Getty

B P Storey

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

REGISTERED NUMBER:

08932395 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Intangible assets

4

9,406

112,433

Tangible assets

5

107,887

58,020

117,293

170,453

CURRENT ASSETS

Stocks

807,703

264,993

Debtors

6

701,642

255,652

Cash at bank

19,186

20,120

1,528,531

540,765

CREDITORS

Amounts falling due within one year

7

1,205,875

517,369

NET CURRENT ASSETS

322,656

23,396

TOTAL ASSETS LESS CURRENT LIABILITIES

439,949

193,849

CREDITORS

Amounts falling due after more than one year

8

6,887

14,485

NET ASSETS

433,062

179,364

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

432,962

179,264

SHAREHOLDERS' FUNDS

433,062

179,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 13 December 2018 and were signed on its behalf by:

P A Getty - Director

1.	STATUTORY INFORMATION

S & G Trading (NW) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Development costs

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

-

25% on reducing balance, 20% on reducing balance and 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.

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 8 (2017 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

and 31 March 2018

231,798

AMORTISATION

At 1 April 2017

119,365

Charge for year

103,027

At 31 March 2018

222,392

NET BOOK VALUE

At 31 March 2018

9,406

At 31 March 2017

112,433

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

70,985

Additions

66,357

At 31 March 2018

137,342

DEPRECIATION

At 1 April 2017

12,965

Charge for year

16,490

At 31 March 2018

29,455

NET BOOK VALUE

At 31 March 2018

107,887

At 31 March 2017

58,020

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

409,372

226,115

Amounts owed by group undertakings

207,056

-

Other debtors

85,214

29,537

701,642

255,652

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

3,621

-

Trade creditors

383,547

213,059

Taxation and social security

64,364

16,996

Other creditors

754,343

287,314

1,205,875

517,369

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

6,887

14,485

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Factored loan account

253,390

139,224

Trade finance loan

417,434

-

670,824

139,224

10.	ULTIMATE CONTROLLING PARTY

By virtue of the share ownership split of the company, it is the opinion of the directors that there is no ultimate

controlling party.