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Registered Number: 08607902
England and Wales

 

 

 

SCG VEHICLE MANAGEMENT LTD


Abridged Accounts
 


Period of accounts

Start date: 01 October 2021

End date: 30 September 2022
  2022   2021
    £ £   £ £
Fixed assets   189,814      172,596 
Current assets (18)     (12,107)  
Prepayments and accrued income 8,500       
Creditors: amount falling due within one year (46,059)     (43,273)  
Net current liabilities   (37,577)     (55,380)
Total assets less current liabilities   152,237      117,216 
Creditors: amount falling due after more than one year   (193,173)     (136,171)
Net liabilities   (40,936)     (18,955)
 

         
Capital and reserves   (40,936)     (18,955)
 
NOTES TO THE ACCOUNTS

General Information
SCG VEHICLE MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 08607902, registration address 267 PUTNEY BRIDGE ROAD, LONDON, SW15 2PT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18% Reducing Balance
Motor Vehicles 18% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 October 2021 42,492    243,697    286,189 
Additions   91,045    91,045 
Disposals   (65,277)   (65,277)
At 30 September 2022 42,492    269,465    311,957 
Depreciation
At 01 October 2021 23,727    89,866    113,593 
Charge for year 3,378    30,678    34,056 
On disposals   (25,506)   (25,506)
At 30 September 2022 27,105    95,038    122,143 
Net book values
Closing balance as at 30 September 2022 15,387    174,427    189,814 
Opening balance as at 01 October 2021 18,765    153,831    172,596 


3.

Average number of employees

Average number of employees during the year was 0 (2021 : 0).


For the year ended 30 September 2022 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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 30 September 2023 and were signed on its behalf by:


--------------------------------
Ashfaq Ahmad KHAN
Director
1