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Registered number: 07775427
S & G Technical Services Limited
Financial Statements
For The Year Ended 31 October 2023
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07775427
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,976 15,864
40,976 15,864
CURRENT ASSETS
Debtors 5 330,363 265,737
Cash at bank and in hand 272,092 59,745
602,455 325,482
Creditors: Amounts Falling Due Within One Year 6 (504,758 ) (224,061 )
NET CURRENT ASSETS (LIABILITIES) 97,697 101,421
TOTAL ASSETS LESS CURRENT LIABILITIES 138,673 117,285
Creditors: Amounts Falling Due After More Than One Year 7 (21,366 ) -
NET ASSETS 117,307 117,285
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 117,207 117,185
SHAREHOLDERS' FUNDS 117,307 117,285
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For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G A Henshaw
Director
29th July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
S & G Technical Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07775427 . The registered office is 55 Hoghton Street, Southport, Merseyside, PR9 0PG. The financial statements are presented in the company's presentation currency of GBP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% Straight line basis
Plant & Machinery 25% Reducing balance basis
Motor Vehicles 25% Reducing balance basis
Fixtures & Fittings 15% Reducing balance basis
Computer Equipment 33% Straight line basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2022 2,890 17,246 - 7,920
Additions - 814 27,834 281
As at 31 October 2023 2,890 18,060 27,834 8,201
Depreciation
As at 1 November 2022 405 13,767 - 2,169
Provided during the period 58 887 2,899 892
As at 31 October 2023 463 14,654 2,899 3,061
Net Book Value
As at 31 October 2023 2,427 3,406 24,935 5,140
As at 1 November 2022 2,485 3,479 - 5,751
Computer Equipment Total
£ £
Cost
As at 1 November 2022 14,492 42,548
Additions 4,715 33,644
As at 31 October 2023 19,207 76,192
Depreciation
As at 1 November 2022 10,343 26,684
Provided during the period 3,796 8,532
As at 31 October 2023 14,139 35,216
Net Book Value
As at 31 October 2023 5,068 40,976
As at 1 November 2022 4,149 15,864
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 277,428 202,785
Other debtors 52,935 62,952
330,363 265,737
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,322 -
Trade creditors 222,656 180,422
Other creditors 249,448 1,549
Taxation and social security 28,332 42,090
504,758 224,061
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 21,366 -
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,322 -
Later than one year and not later than five years 21,366 -
25,688 -
25,688 -
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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