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REGISTERED NUMBER: 06922523 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

SGO UK LIMITED

SGO UK LIMITED (REGISTERED NUMBER: 06922523)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


SGO UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: M Angel Doncel
G A Mills





REGISTERED OFFICE: Turnfields Gate
Turnfields
Thatcham
Berkshire
RG19 4PT





REGISTERED NUMBER: 06922523 (England and Wales)






SGO UK LIMITED (REGISTERED NUMBER: 06922523)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £   
CURRENT ASSETS
Stocks - 46,022
Debtors 39,292 149,008
Cash at bank 86,448 23,740
125,740 218,770
CREDITORS
Amounts falling due within one year (232,628 ) (210,856 )
NET CURRENT (LIABILITIES)/ASSETS (106,888 ) 7,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

(106,888

)

7,914

CREDITORS
Amounts falling due after more than
one year

550,000

763,535

CAPITAL AND RESERVES
Called up share capital 4 50,000 50,000
Retained earnings (706,888 ) (805,621 )
SHAREHOLDERS' FUNDS (656,888 ) (755,621 )
(106,888 ) 7,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

SGO UK LIMITED (REGISTERED NUMBER: 06922523)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 August 2022 and were signed on its behalf by:





G A Mills - Director


SGO UK LIMITED (REGISTERED NUMBER: 06922523)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

SGO UK LIMITED 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company’s holding company has confirmed that it will provide sufficient resources to ensure that the company’s working capital requirements are met. The directors therefore have a reasonable expectation that the company has adequate resources to continue to operate for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Income recognition
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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:

Computer equipment 33% on cost

Inventories (stocks)
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 statement of financial position date.


SGO UK LIMITED (REGISTERED NUMBER: 06922523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs
The company contributes to defined contribution pension schemes for the benefit of employees. Contributions payable are recognised in the statement of income when due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
50,000 Ordinary £1 50,000 50,000

5. CONTROLLING PARTY

Soluciones Gráficas por Ordenador (incorporated in Spain) is regarded by the directors as being the company's ultimate parent company.

Miguel Angel Doncel owns 100% of the shares of Soluciones Gráficas por Ordenador.