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Company Registration No. 07944660 (England and Wales)
SGW Plant Hire Ltd Unaudited accounts for the year ended 31 January 2024
SGW Plant Hire Ltd Unaudited accounts Contents
Page
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SGW Plant Hire Ltd Company Information for the year ended 31 January 2024
Directors
Glenn Worger Sharon Worger
Company Number
07944660 (England and Wales)
Registered Office
2-3 Stable Court Herriard Park Herriard Hampshire RG25 2PL
Accountants
Black & White Chartered Certified Accountants 2-3 Stable Court Herriard Park Herriard Hampshire RG25 2PL
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SGW Plant Hire Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,935 
21,606 
Current assets
Debtors
2,617 
3,593 
Cash at bank and in hand
19,488 
15,745 
22,105 
19,338 
Creditors: amounts falling due within one year
(20,709)
(19,857)
Net current assets/(liabilities)
1,396 
(519)
Total assets less current liabilities
32,331 
21,087 
Creditors: amounts falling due after more than one year
(10,160)
(6,700)
Provisions for liabilities
Deferred tax
(21,788)
(15,910)
Net assets/(liabilities)
383 
(1,523)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
283 
(1,623)
Shareholders' funds
383 
(1,523)
For the year ending 31 January 2024 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 30 April 2024 and were signed on its behalf by
Sharon Worger Director Company Registration No. 07944660
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SGW Plant Hire Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
SGW Plant Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 07944660. The registered office is 2-3 Stable Court, Herriard Park, Herriard, Hampshire, RG25 2PL.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% Reducing Balance
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
57,852 
1,816 
2,841 
62,509 
Additions
19,641 
- 
- 
19,641 
At 31 January 2024
77,493 
1,816 
2,841 
82,150 
Depreciation
At 1 February 2023
37,516 
1,122 
2,265 
40,903 
Charge for the year
9,994 
174 
144 
10,312 
At 31 January 2024
47,510 
1,296 
2,409 
51,215 
Net book value
At 31 January 2024
29,983 
520 
432 
30,935 
At 31 January 2023
20,336 
694 
576 
21,606 
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SGW Plant Hire Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,411 
3,593 
Accrued income and prepayments
206 
- 
2,617 
3,593 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,300 
3,300 
VAT
1,181 
1,610 
Obligations under finance leases and hire purchase contracts
2,874 
- 
Trade creditors
1,895 
1,282 
Taxes and social security
3,905 
5,503 
Loans from directors
6,534 
6,912 
Accruals
1,020 
1,250 
20,709 
19,857 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,700 
6,700 
Obligations under finance leases and hire purchase contracts
6,460 
- 
10,160 
6,700 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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