Company Registration No. 11378267 (England and Wales)
SGI Limited
Unaudited accounts
for the year ended 31 May 2021
SGI Limited
Unaudited accounts
Contents
SGI Limited
Company Information
for the year ended 31 May 2021
Company Number
11378267 (England and Wales)
Registered Office
173 SOUTH EALING ROAD
LONDON
W5 4QP
ENGLAND
Accountants
Uppal & Co Accoutants (UK) Ltd
2 Copse Close
Slough
SL1 5DT
SGI Limited
Statement of financial position
as at 31 May 2021
Tangible assets
1,349,922
1,349,922
Cash at bank and in hand
-
9
Creditors: amounts falling due within one year
-
(38,797)
Net current liabilities
-
(29,788)
Total assets less current liabilities
1,349,922
1,320,134
Creditors: amounts falling due after more than one year
(1,465,319)
(1,402,553)
Net liabilities
(115,397)
(82,419)
Called up share capital
100
100
Profit and loss account
(115,497)
(82,519)
Shareholders' funds
(115,397)
(82,419)
For the year ending 31 May 2021 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 director acknowledges his 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 and authorised for issue on 13 September 2022 and were signed on its behalf by
Naib Singh Sidhu
Director
Company Registration No. 11378267
SGI Limited
Notes to the Accounts
for the year ended 31 May 2021
SGI Limited is a private company, limited by shares, registered in England and Wales, registration number 11378267. The registered office is 173 SOUTH EALING ROAD, LONDON, W5 4QP, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
No Depreciation
4
Tangible fixed assets
Land & buildings
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
SGI Limited
Notes to the Accounts
for the year ended 31 May 2021
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
640,578
675,000
Other creditors
561,394
280,000
Loans from directors
263,347
447,553
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).