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Company Registration No. 09187952 (England and Wales)
SGBG Limited Unaudited accounts for the year ended 28 September 2023
SGBG Limited Unaudited accounts Contents
Page
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SGBG Limited Company Information for the year ended 28 September 2023
Directors
Stephen Gilbert Beverley Gilbert
Company Number
09187952 (England and Wales)
Registered Office
HORSE AND GROOM MAIN ROAD NINGWOOD ISLE OF WIGHT PO30 4NW
Accountants
Craig Skeggs Accountancy Services 5 Worcester Road Newport Isle of Wight PO30 5SE
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SGBG Limited Statement of financial position as at 28 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
36,435 
40,720 
Tangible assets
11,797 
13,978 
48,232 
54,698 
Current assets
Inventories
3,500 
5,500 
Debtors
31,238 
19,872 
Cash at bank and in hand
193,904 
212,684 
228,642 
238,056 
Creditors: amounts falling due within one year
(91,572)
(81,632)
Net current assets
137,070 
156,424 
Total assets less current liabilities
185,302 
211,122 
Creditors: amounts falling due after more than one year
- 
(32,323)
Net assets
185,302 
178,799 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
185,300 
178,797 
Shareholders' funds
185,302 
178,799 
For the year ending 28 September 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 11 April 2024 and were signed on its behalf by
Stephen Gilbert Director Company Registration No. 09187952
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SGBG Limited Notes to the Accounts for the year ended 28 September 2023
1
Statutory information
SGBG Limited is a private company, limited by shares, registered in England and Wales, registration number 09187952. The registered office is HORSE AND GROOM, MAIN ROAD, NINGWOOD, ISLE OF WIGHT, PO30 4NW.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
Fixtures & fittings
15%
Computer equipment
15%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Other 
£ 
Cost
At 29 September 2022
75,000 
At 28 September 2023
75,000 
Amortisation
At 29 September 2022
34,280 
Charge for the year
4,285 
At 28 September 2023
38,565 
Net book value
At 28 September 2023
36,435 
At 28 September 2022
40,720 
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SGBG Limited Notes to the Accounts for the year ended 28 September 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 29 September 2022
2,000 
28,866 
999 
31,865 
At 28 September 2023
2,000 
28,866 
999 
31,865 
Depreciation
At 29 September 2022
1,156 
16,345 
386 
17,887 
Charge for the year
211 
1,878 
92 
2,181 
At 28 September 2023
1,367 
18,223 
478 
20,068 
Net book value
At 28 September 2023
633 
10,643 
521 
11,797 
At 28 September 2022
844 
12,521 
613 
13,978 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,460 
1,656 
Accrued income and prepayments
13,000 
14,438 
Other debtors
3,778 
3,778 
31,238 
19,872 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
9,606 
VAT
54,456 
46,214 
Trade creditors
24,874 
16,641 
Taxes and social security
4,888 
4,768 
Loans from directors
1,729 
2,056 
Accruals
5,625 
2,347 
91,572 
81,632 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
32,323 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Average number of employees
During the year the average number of employees was 17 (2022: 17).
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