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Company Registration No. 09964443 (England and Wales)
SGDB Limited Unaudited accounts for the year ended 28 February 2023
SGDB Limited Unaudited accounts Contents
Page
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SGDB Limited Company Information for the year ended 28 February 2023
Directors
Stephen Gilbert Beverley Gilbert
Company Number
09964443 (England and Wales)
Registered Office
THE GRIFFIN HIGH STREET GODSHILL ISLE OF WIGHT PO38 3JD UNITED KINGDOM
Accountants
Craig Skeggs Accountancy Services 5 Worcester Road Newport Isle of Wight PO30 5SE
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SGDB Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
319 
44,415 
Current assets
Inventories
- 
3,500 
Debtors
- 
13,101 
Cash at bank and in hand
70,034 
173,548 
70,034 
190,149 
Creditors: amounts falling due within one year
(14,827)
(57,478)
Net current assets
55,207 
132,671 
Total assets less current liabilities
55,526 
177,086 
Creditors: amounts falling due after more than one year
- 
(37,991)
Provisions for liabilities
Deferred tax
(3,206)
(3,206)
Net assets
52,320 
135,889 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
52,318 
135,887 
Shareholders' funds
52,320 
135,889 
For the year ending 28 February 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by
Stephen Gilbert Director Company Registration No. 09964443
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SGDB Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
SGDB Limited is a private company, limited by shares, registered in England and Wales, registration number 09964443. The registered office is THE GRIFFIN, HIGH STREET, GODSHILL, ISLE OF WIGHT, PO38 3JD, 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
20%
Computer equipment
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
30,603 
At 28 February 2023
30,603 
Amortisation
At 1 March 2022
30,603 
At 28 February 2023
30,603 
Net book value
At 28 February 2023
- 
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SGDB Limited Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
52,944 
47,745 
100,689 
Additions
- 
2,989 
2,989 
Disposals
(52,944)
(49,252)
(102,196)
At 28 February 2023
- 
1,482 
1,482 
Depreciation
At 1 March 2022
25,404 
30,870 
56,274 
Charge for the year
4,234 
3,994 
8,228 
On disposals
(29,638)
(33,701)
(63,339)
At 28 February 2023
- 
1,163 
1,163 
Net book value
At 28 February 2023
- 
319 
319 
At 28 February 2022
27,540 
16,875 
44,415 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
13,101 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
10,014 
VAT
8,666 
8,197 
Trade creditors
3,662 
20,118 
Taxes and social security
- 
14,366 
Other creditors
862 
862 
Loans from directors
637 
2,921 
Accruals
1,000 
1,000 
14,827 
57,478 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
37,991 
9
Average number of employees
During the year the average number of employees was 22 (2022: 22).
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