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REGISTERED NUMBER: 08249581















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SGT SELECT LIMITED

SGT SELECT LIMITED (REGISTERED NUMBER: 08249581)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SGT SELECT LIMITED

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2023







DIRECTOR: Mr C Wartho





SECRETARY: Mr C Wartho





REGISTERED OFFICE: The Old Station Yard
Station Road
Taplow
Berkshire
SL6 0NU





REGISTERED NUMBER: 08249581





ACCOUNTANTS: Knight & Company Ltd
11 Castle Hill
Maidenhead
Berkshire
SL6 4AA

SGT SELECT LIMITED (REGISTERED NUMBER: 08249581)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,942 11,805
8,942 11,805

CURRENT ASSETS
Stocks 8,683 9,815
Debtors 34,451 32,739
Cash at bank and in hand 9,410 8,874
52,544 51,428
CREDITORS
Amounts falling due within one year 114,372 99,706
NET CURRENT LIABILITIES (61,828 ) (48,278 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(52,886

)

(36,473

)

CREDITORS
Amounts falling due after more than one
year

40,225

45,579
NET LIABILITIES (93,111 ) (82,052 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (93,211 ) (82,152 )
SHAREHOLDERS' FUNDS (93,111 ) (82,052 )

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

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

The director acknowledges his 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.

SGT SELECT LIMITED (REGISTERED NUMBER: 08249581)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





Mr C Wartho - Director


SGT SELECT LIMITED (REGISTERED NUMBER: 08249581)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023

1. STATUTORY INFORMATION

SGT Select Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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 etc - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and any recognised impairment loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Net realisable value is based on selling price less anticipated costs to completion plus selling costs.

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.

Going concern
The directors consider it appropriate to prepare financial statements on a going concern basis as the company is reliant on the funding provided by 3rd party loan and investments from shareholders.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

SGT SELECT LIMITED (REGISTERED NUMBER: 08249581)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 13,333
AMORTISATION
At 1 November 2022
and 31 October 2023 13,333
NET BOOK VALUE

At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 36,092
Additions 400
Disposals (1,185 )
At 31 October 2023 35,307
DEPRECIATION
At 1 November 2022 24,287
Charge for year 2,981
Eliminated on disposal (903 )
At 31 October 2023 26,365
NET BOOK VALUE
At 31 October 2023 8,942
At 31 October 2022 11,805

6. LEASING AGREEMENTS
As at 31st October 2023 the company had rental commitments of £40,000.

7. RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £6,628 (2022 : £12,629) owed to the directors by the company.