IRIS Accounts Production v23.1.5.20 SC231821 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2318212022-05-31SC2318212023-05-31SC2318212022-06-012023-05-31SC2318212021-05-31SC2318212021-06-012022-05-31SC2318212022-05-31SC231821ns16:Scotland2022-06-012023-05-31SC231821ns15:PoundSterling2022-06-012023-05-31SC231821ns11:Director12022-06-012023-05-31SC231821ns11:PrivateLimitedCompanyLtd2022-06-012023-05-31SC231821ns11:SmallEntities2022-06-012023-05-31SC231821ns11:AuditExemptWithAccountantsReport2022-06-012023-05-31SC231821ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-31SC231821ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-31SC231821ns11:FullAccounts2022-06-012023-05-31SC23182112022-06-012023-05-31SC231821ns11:OrdinaryShareClass12022-06-012023-05-31SC231821ns11:Director22022-06-012023-05-31SC231821ns11:CompanySecretary12022-06-012023-05-31SC231821ns11:RegisteredOffice2022-06-012023-05-31SC231821ns6:CurrentFinancialInstruments2023-05-31SC231821ns6:CurrentFinancialInstruments2022-05-31SC231821ns6:Non-currentFinancialInstruments2023-05-31SC231821ns6:Non-currentFinancialInstruments2022-05-31SC231821ns6:ShareCapital2023-05-31SC231821ns6:ShareCapital2022-05-31SC231821ns6:RetainedEarningsAccumulatedLosses2023-05-31SC231821ns6:RetainedEarningsAccumulatedLosses2022-05-31SC231821ns6:NetGoodwill2022-06-012023-05-31SC231821ns6:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-31SC231821ns6:PlantMachinery2022-06-012023-05-31SC231821ns6:FurnitureFittings2022-06-012023-05-31SC231821ns6:NetGoodwill2022-05-31SC231821ns6:NetGoodwill2023-05-31SC231821ns6:NetGoodwill2022-05-31SC231821ns6:PlantMachinery2022-05-31SC231821ns6:FurnitureFittings2022-05-31SC231821ns6:PlantMachinery2023-05-31SC231821ns6:FurnitureFittings2023-05-31SC231821ns6:PlantMachinery2022-05-31SC231821ns6:FurnitureFittings2022-05-31SC231821ns11:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: SC231821 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

SGA (SCOTLAND) LTD

SGA (SCOTLAND) LTD (REGISTERED NUMBER: SC231821)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

SGA (SCOTLAND) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr Stanley Dawson Jnr
Mr Gary Dawson



SECRETARY: Mr Gary Dawson



REGISTERED OFFICE: C/O D M McNaught & Co
166 Buchanan Street
Glasgow
G1 2LS



REGISTERED NUMBER: SC231821 (Scotland)



ACCOUNTANTS: D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW



BANKERS: The Royal Bank of Scotland
23/25 Rosslyn Street
Kirkcaldy
KY1 3HA

SGA (SCOTLAND) LTD (REGISTERED NUMBER: SC231821)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,650 36,700
Investment property 6 180,000 180,000
216,650 216,700

CURRENT ASSETS
Cash at bank and in hand 259,574 277,966

CREDITORS
Amounts falling due within one year 7 26,141 43,608
NET CURRENT ASSETS 233,433 234,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

450,083

451,058

CREDITORS
Amounts falling due after more than one
year

8

(40,622

)

(46,043

)

PROVISIONS FOR LIABILITIES (19,768 ) (19,768 )
NET ASSETS 389,693 385,247

CAPITAL AND RESERVES
Called up share capital 9 125,410 125,410
Retained earnings 264,283 259,837
SHAREHOLDERS' FUNDS 389,693 385,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SGA (SCOTLAND) LTD (REGISTERED NUMBER: SC231821)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2023 and were signed on its behalf by:





Mr Stanley Dawson Jnr - Director


SGA (SCOTLAND) LTD (REGISTERED NUMBER: SC231821)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

SGA (Scotland) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the takings from gaming and amusement machines , less value added tax and machine games duty.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation 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 substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing 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.

SGA (SCOTLAND) LTD (REGISTERED NUMBER: SC231821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals 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 benefits
The 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 3,000
AMORTISATION
At 1 June 2022
and 31 May 2023 3,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2022 200,140 29,784 229,924
Additions 13,216 - 13,216
Disposals (1,320 ) - (1,320 )
At 31 May 2023 212,036 29,784 241,820
DEPRECIATION
At 1 June 2022 165,760 27,464 193,224
Charge for year 11,596 350 11,946
At 31 May 2023 177,356 27,814 205,170
NET BOOK VALUE
At 31 May 2023 34,680 1,970 36,650
At 31 May 2022 34,380 2,320 36,700

SGA (SCOTLAND) LTD (REGISTERED NUMBER: SC231821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 180,000
NET BOOK VALUE
At 31 May 2023 180,000
At 31 May 2022 180,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2023 40,834
Cost 139,166
180,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 139,166 139,166

investment property was valued on an open basis on 31 May 2023 by the directors .

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 9,693 35,337
Other creditors 16,448 8,271
26,141 43,608

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 40,622 46,043

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
125,410 Ordinary £1 125,410 125,410

SGA (SCOTLAND) LTD (REGISTERED NUMBER: SC231821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, by virtue of their office and shareholding.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SGA (SCOTLAND) LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SGA (Scotland) Ltd for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of SGA (Scotland) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SGA (Scotland) Ltd and state those matters that we have agreed to state to the Board of Directors of SGA (Scotland) Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SGA (Scotland) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SGA (Scotland) Ltd. You consider that SGA (Scotland) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SGA (Scotland) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW


22 July 2023