SGS PUB LIMITED

Company Registration Number:
11962333 (England and Wales)

Unaudited abridged accounts for the year ended 28 April 2022

Period of accounts

Start date: 01 May 2021

End date: 28 April 2022

SGS PUB LIMITED

Contents of the Financial Statements

for the Period Ended 28 April 2022

Balance sheet
Notes

SGS PUB LIMITED

Balance sheet

As at 28 April 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 41,587 35,485
Total fixed assets: 41,587 35,485
Current assets
Stocks: 19,348 17,176
Debtors:   24,730 25,611
Cash at bank and in hand: 19,090 70,114
Total current assets: 63,168 112,901
Creditors: amounts falling due within one year:   (46,484) (57,310)
Net current assets (liabilities): 16,684 55,591
Total assets less current liabilities: 58,271 91,076
Creditors: amounts falling due after more than one year:   (90,086) (84,000)
Total net assets (liabilities): (31,815) 7,076
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (32,815) 6,076
Shareholders funds: (31,815) 7,076

The notes form part of these financial statements

SGS PUB LIMITED

Balance sheet statements

For the year ending 28 April 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 November 2023
and signed on behalf of the board by:

Name: Alison Edwardson-Gilchrist
Status: Director

The notes form part of these financial statements

SGS PUB LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each assetover its estimated useful life.Plant and machinery - 20% on reducing balnceFixtures and fittings - 20% on reducing balanceMotor vehicles - 20% on reducing balanceComputer equipment - 20% on reducing balance

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies

TaxationTaxation 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 subsantively enacted by the balance sheet date.Deferred taxDefferred tax is recognised in respect of all timimg differences that have originated but not reversed at the balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.Hire purchase and leasing commitmentsRentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SGS PUB LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2022

2. Employees

2022 2021
Average number of employees during the period 23 18

SGS PUB LIMITED

Notes to the Financial Statements

for the Period Ended 28 April 2022

3. Tangible Assets

Total
Cost £
At 01 May 2021 48,365
Additions 16,498
At 28 April 2022 64,863
Depreciation
At 01 May 2021 12,880
Charge for year 10,396
At 28 April 2022 23,276
Net book value
At 28 April 2022 41,587
At 30 April 2021 35,485