Company Registration No. 09187952 (England and Wales)
SGBG Limited
Unaudited accounts
for the year ended 28 September 2023
SGBG Limited
Unaudited accounts
Contents
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
SGBG Limited
Statement of financial position
as at 28 September 2023
Intangible assets
36,435
40,720
Tangible assets
11,797
13,978
Cash at bank and in hand
193,904
212,684
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
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
SGBG Limited
Notes to the Accounts
for the year ended 28 September 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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
At 29 September 2022
75,000
At 28 September 2023
75,000
At 29 September 2022
34,280
At 28 September 2023
38,565
At 28 September 2023
36,435
At 28 September 2022
40,720
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
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
At 28 September 2023
633
10,643
521
11,797
At 28 September 2022
844
12,521
613
13,978
Amounts falling due within one year
Trade debtors
14,460
1,656
Accrued income and prepayments
13,000
14,438
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
9,606
Trade creditors
24,874
16,641
Taxes and social security
4,888
4,768
Loans from directors
1,729
2,056
8
Creditors: amounts falling due after more than one year
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).