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REGISTERED NUMBER: 11640268 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SGM CONSTRUCTION SERVICES LTD

SGM CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 11640268)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SGM CONSTRUCTION SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: S McIntosh





REGISTERED OFFICE: 2 Chapel View
Wibtoft
Lutterworth
Leicestershire
LE17 5BB





REGISTERED NUMBER: 11640268 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

SGM CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 11640268)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,868 11,826

CURRENT ASSETS
Stocks 5 6,000 6,000
Debtors 6 86,690 75,026
Cash at bank 27,521 2,039
120,211 83,065
CREDITORS
Amounts falling due within one year 7 102,958 89,637
NET CURRENT ASSETS/(LIABILITIES) 17,253 (6,572 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,121

5,254

CREDITORS
Amounts falling due after more than one
year

8

19,382

21,749
NET ASSETS/(LIABILITIES) 6,739 (16,495 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 6,639 (16,595 )
SHAREHOLDERS' FUNDS 6,739 (16,495 )

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.

SGM CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 11640268)

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.

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 25 July 2024 and were signed by:





S McIntosh - Director


SGM CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 11640268)

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

1. STATUTORY INFORMATION

SGM Construction Services ltd is a private company, limited by shares , registered in England and Wales. 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 for services rendered, net of discounts and Value Added Tax.

Revenue from the sale of services is recongised by reference to the stage of completion of the transaction at the balance sheet date.

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
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SGM CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 11640268)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 7,966 28,881 36,847
DEPRECIATION
At 1 November 2022 5,278 19,743 25,021
Charge for year 674 2,284 2,958
At 31 October 2023 5,952 22,027 27,979
NET BOOK VALUE
At 31 October 2023 2,014 6,854 8,868
At 31 October 2022 2,688 9,138 11,826

5. STOCKS
2023 2022
£    £   
Stocks 6,000 6,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 663 1,251
Other debtors 86,027 73,775
86,690 75,026

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,471 7,139
Taxation and social security 92,973 79,095
Other creditors 6,514 3,403
102,958 89,637

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,382 21,749

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years by
instalments

5,497

-

SGM CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 11640268)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
S McIntosh
Balance outstanding at start of year 73,775 30,480
Amounts advanced 24,513 100,595
Amounts repaid (17,350 ) (57,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,938 73,775

This loan is interest free and repayable on demand.