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
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
SGW Plant Hire Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
30,935
21,606
Cash at bank and in hand
19,488
15,745
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)
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
SGW Plant Hire Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
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
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
At 31 January 2024
29,983
520
432
30,935
At 31 January 2023
20,336
694
576
21,606
SGW Plant Hire Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Accrued income and prepayments
206
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,300
3,300
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,460
-
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).