1 January 2022 false No description of principal activity Taxfiler 2023.9 07473071business:PrivateLimitedCompanyLtd2022-01-012022-12-31 074730712021-12-31 074730712022-01-012022-12-31 07473071business:AuditExempt-NoAccountantsReport2022-01-012022-12-31 07473071business:FilletedAccounts2022-01-012022-12-31 074730712022-12-31 07473071business:Director12022-01-012022-12-31 07473071business:RegisteredOffice2022-01-012022-12-31 074730712021-12-31 07473071core:WithinOneYear2022-12-31 07473071core:WithinOneYear2021-12-31 07473071core:AfterOneYear2022-12-31 07473071core:AfterOneYear2021-12-31 07473071core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 07473071core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 07473071core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 07473071core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 07473071core:PreviouslyStatedAmount2022-12-31 07473071core:PreviouslyStatedAmount2021-12-31 07473071business:SmallEntities2022-01-012022-12-31 07473071countries:EnglandWales2022-01-012022-12-31 07473071core:PlantMachinery2022-01-012022-12-31 07473071core:MotorVehicles2022-01-012022-12-31 07473071core:FurnitureFittings2022-01-012022-12-31 07473071core:ComputerEquipment2022-01-012022-12-31 07473071core:LandBuildings2021-12-31 07473071core:PlantMachinery2021-12-31 07473071core:MotorVehicles2021-12-31 07473071core:LandBuildings2022-01-012022-12-31 07473071core:LandBuildings2022-12-31 07473071core:PlantMachinery2022-12-31 07473071core:MotorVehicles2022-12-31 074730712021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07473071 (England and Wales)
Southgate Global Services Ltd Unaudited accounts for the year ended 31 December 2022
Southgate Global Services Ltd Unaudited accounts Contents
Page
- 2 -
Southgate Global Services Ltd Company Information for the year ended 31 December 2022
Director
John Juma
Company Number
07473071 (England and Wales)
Registered Office
Bridge house Sherington Newport pagnell MK169JA United Kingdom
- 3 -
Southgate Global Services Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
335,742 
54,720 
Current assets
Debtors
53,138 
94,085 
Cash at bank and in hand
30,101 
118,517 
83,239 
212,602 
Creditors: amounts falling due within one year
(291,149)
(113,827)
Net current (liabilities)/assets
(207,910)
98,775 
Total assets less current liabilities
127,832 
153,495 
Creditors: amounts falling due after more than one year
(124,522)
- 
Net assets
3,310 
153,495 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
3,307 
153,492 
Shareholders' funds
3,310 
153,495 
For the year ending 31 December 2022 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 29 September 2023 and were signed on its behalf by
John Juma Director Company Registration No. 07473071
- 4 -
Southgate Global Services Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Southgate Global Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07473071. The registered office is Bridge house, Sherington, Newport pagnell, MK169JA, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
4 Years
Motor vehicles
4 Years
Fixtures & fittings
10 Years
Computer equipment
4 Years
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
- 
23,838 
128,337 
152,175 
Additions
258,992 
- 
130,663 
389,655 
At 31 December 2022
258,992 
23,838 
259,000 
541,830 
Depreciation
At 1 January 2022
- 
23,838 
73,617 
97,455 
Charge for the year
- 
- 
108,633 
108,633 
At 31 December 2022
- 
23,838 
182,250 
206,088 
Net book value
At 31 December 2022
258,992 
- 
76,750 
335,742 
At 31 December 2021
- 
- 
54,720 
54,720 
- 5 -
Southgate Global Services Ltd Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
53,138 
94,085 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
34,793 
- 
Obligations under finance leases and hire purchase contracts
109,118 
- 
Trade creditors
34,703 
34,703 
Taxes and social security
65,573 
79,124 
Other creditors
16,852 
- 
Accruals
30,110 
- 
291,149 
113,827 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
124,522 
- 
8
Average number of employees
During the year the average number of employees was 13 (2021: 11).
- 6 -