Registered number
11810754
SBG Civils Ltd
Filleted Accounts
28 February 2023
SBG Civils Ltd
Registered number: 11810754
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 1,176 1,050
Cash at bank and in hand 9 13,270
1,185 14,320
Creditors: amounts falling due within one year 4 20,820 13,741
Net current assets 22,005 28,061
Total assets less current liabilities 22,005 28,061
Creditors: amounts falling due after more than one year 5 (22,000) (28,000)
Net assets 5 61
Capital and reserves
Called up share capital 1 1
Profit and loss account 4 60
Shareholder's funds 5 61
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S B Gaughan
Director
Approved by the board on 20 November 2023
SBG Civils Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Other debtors 1,176 1,050
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 8,179
Taxation and social security costs 20,819 22,099
Other creditors (41,639) (44,019)
(20,820) (13,741)
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,000 28,000
6 Other information
SBG Civils Ltd is a private company limited by shares and incorporated in England. Its registered office is:
48 Fletcher Road
Cowley
Oxford
OX4 2UF
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