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REGISTERED NUMBER: 11170034 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2022

for

SGL Plumbing and Heating Limited

SGL Plumbing and Heating Limited (Registered number: 11170034)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SGL Plumbing and Heating Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: S Lewis





SECRETARY:





REGISTERED OFFICE: 398 coast road
Pevensey
East Sussex
BN24 6NY





REGISTERED NUMBER: 11170034 (England and Wales)





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

SGL Plumbing and Heating Limited (Registered number: 11170034)

Balance Sheet
31 December 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,066 4,583

CURRENT ASSETS
Stocks 8,608 8,496
Debtors 5 13,823 28,260
Cash at bank and in hand 7,267 13,640
29,698 50,396
CREDITORS
Amounts falling due within one year 6 21,078 22,157
NET CURRENT ASSETS 8,620 28,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,686

32,822

CREDITORS
Amounts falling due after more than
one year

7

34,552

39,131
NET LIABILITIES (16,866 ) (6,309 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,966 ) (6,409 )
SHAREHOLDERS' FUNDS (16,866 ) (6,309 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SGL Plumbing and Heating Limited (Registered number: 11170034)

Balance Sheet - continued
31 December 2022


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 director and authorised for issue on 11 September 2023 and were signed by:





S Lewis - Director


SGL Plumbing and Heating Limited (Registered number: 11170034)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

SGL Plumbing and Heating 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

SGL Plumbing and Heating Limited (Registered number: 11170034)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 8,509
Additions 6,249
At 31 December 2022 14,758
DEPRECIATION
At 1 January 2022 3,926
Charge for year 1,766
At 31 December 2022 5,692
NET BOOK VALUE
At 31 December 2022 9,066
At 31 December 2021 4,583

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade debtors 13,823 28,260

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Tax 6,071 6,071
Social security and other taxes 1,884 2,598
VAT 2,198 4,171
Directors' loan accounts 10,108 8,530
Accrued expenses 817 787
21,078 22,157

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/12/22 31/12/21
£    £   
Bank loans (see note 8) 34,552 39,131

SGL Plumbing and Heating Limited (Registered number: 11170034)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. LOANS

An analysis of the maturity of loans is given below:

31/12/22 31/12/21
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 4,579 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 29,973 39,131

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet the directors loan account shown on the balance sheet was owed to the sole director of the company. The loan was used for cash flow purposes. No interest has been charged for the loan. THe loan is repayable on demand.