1 March 2022 false No description of principal activity Taxfiler 2023.10 07516717business:PrivateLimitedCompanyLtd2022-03-012023-02-28 075167172022-02-28 075167172022-03-012023-02-28 07516717business:AuditExemptWithAccountantsReport2022-03-012023-02-28 07516717business:FilletedAccounts2022-03-012023-02-28 075167172023-02-28 07516717business:Director12022-03-012023-02-28 075167172022-02-28 07516717core:WithinOneYear2023-02-28 07516717core:WithinOneYear2022-02-28 07516717core:AfterOneYear2023-02-28 07516717core:AfterOneYear2022-02-28 07516717core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 07516717core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 07516717core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 07516717core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 07516717core:PreviouslyStatedAmount2023-02-28 07516717core:PreviouslyStatedAmount2022-02-28 07516717business:SmallEntities2022-03-012023-02-28 07516717countries:EnglandWales2022-03-012023-02-28 07516717core:PlantMachinery2022-02-28 07516717core:PlantMachinery2023-02-28 07516717core:PlantMachinery2022-03-012023-02-28 07516717business:Director112022-03-012023-02-28 07516717business:Director112022-02-28 07516717business:Director112023-02-28 075167172021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 07516717 (England and Wales)
SG MEDIA LTD Unaudited accounts for the year ended 28 February 2023
SG MEDIA LTD Company Information for the year ended 28 February 2023
Director
Akindele Falola
Company Number
07516717 (England and Wales)
Accountants
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Croydon CR2 6EA
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SG MEDIA LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,849 
8,352 
Current assets
Debtors
58,469 
16,392 
Cash at bank and in hand
4,457 
50,000 
62,926 
66,392 
Creditors: amounts falling due within one year
(20,399)
(21,788)
Net current assets
42,527 
44,604 
Total assets less current liabilities
49,376 
52,956 
Creditors: amounts falling due after more than one year
(39,387)
(46,047)
Net assets
9,989 
6,909 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
9,988 
6,908 
Shareholders' funds
9,989 
6,909 
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 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 22 November 2023 and were signed on its behalf by
Akindele Falola Director Company Registration No. 07516717
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SG MEDIA LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
SG MEDIA LTD is a private company, limited by shares, registered in England and Wales, registration number 07516717.
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:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
20,607 
At 28 February 2023
20,607 
Depreciation
At 1 March 2022
12,255 
Charge for the year
1,503 
At 28 February 2023
13,758 
Net book value
At 28 February 2023
6,849 
At 28 February 2022
8,352 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
11,319 
Other debtors
58,469 
5,073 
58,469 
16,392 
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SG MEDIA LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,205 
- 
VAT
7,014 
4,990 
Taxes and social security
7,760 
2,056 
Other creditors
- 
14,742 
Accruals
420 
- 
20,399 
21,788 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,387 
46,047 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Akindele Falola
Interest fee loan
5,073 
58,469 
5,073 
58,469 
5,073 
58,469 
5,073 
58,469 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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