Acorah Software Products - Accounts Production 15.0.400 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 10976128 Mr Imran Iqbal Mr Sandeep Gupta iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10976128 2022-09-30 10976128 2023-09-30 10976128 2022-10-01 2023-09-30 10976128 frs-core:CurrentFinancialInstruments 2023-09-30 10976128 frs-core:Non-currentFinancialInstruments 2023-09-30 10976128 frs-core:FurnitureFittings 2023-09-30 10976128 frs-core:FurnitureFittings 2022-10-01 2023-09-30 10976128 frs-core:FurnitureFittings 2022-09-30 10976128 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 10976128 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 10976128 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-30 10976128 frs-core:MotorVehicles 2022-10-01 2023-09-30 10976128 frs-core:PlantMachinery 2023-09-30 10976128 frs-core:PlantMachinery 2022-10-01 2023-09-30 10976128 frs-core:PlantMachinery 2022-09-30 10976128 frs-core:ShareCapital 2023-09-30 10976128 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10976128 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10976128 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 10976128 frs-bus:SmallEntities 2022-10-01 2023-09-30 10976128 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10976128 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 10976128 frs-bus:Director1 2022-10-01 2023-09-30 10976128 frs-bus:Director2 2022-10-01 2023-09-30 10976128 frs-countries:EnglandWales 2022-10-01 2023-09-30 10976128 2021-09-30 10976128 2022-09-30 10976128 2021-10-01 2022-09-30 10976128 frs-core:CurrentFinancialInstruments 2022-09-30 10976128 frs-core:Non-currentFinancialInstruments 2022-09-30 10976128 frs-core:ShareCapital 2022-09-30 10976128 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 10976128
SGII Holdings Limited
Financial Statements
For The Year Ended 30 September 2023
Imran Watson Chartered Certified Accountants
FCCA
Listerhills Science Park
18 Campus Road
Bradford
West Yorkshire
BD7 1HR
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10976128
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 83,286 281,157
83,286 281,157
CURRENT ASSETS
Stocks 5 100,000 225,000
Debtors 6 8,383 944
Cash at bank and in hand 593,918 350,887
702,301 576,831
Creditors: Amounts Falling Due Within One Year 7 (543,541 ) (889,507 )
NET CURRENT ASSETS (LIABILITIES) 158,760 (312,676 )
TOTAL ASSETS LESS CURRENT LIABILITIES 242,046 (31,519 )
Creditors: Amounts Falling Due After More Than One Year 8 (26,667 ) (36,340 )
NET ASSETS/(LIABILITIES) 215,379 (67,859 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 215,279 (67,959 )
SHAREHOLDERS' FUNDS 215,379 (67,859)
Page 1
Page 2
For the year ending 30 September 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 Imran Iqbal
Director
28/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SGII Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10976128 . The registered office is Listerhills Science Park, 18 Campus Road, Bradford, West Yorkshire, BD7 1HR.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold 0% as investment Property
Plant & Machinery 20% on reducing balance method
Motor Vehicles 20% on reducing balance method
Fixtures & Fittings 20% on reducing balance method
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2022 280,000 125 2,700 282,825
Additions - - 2,950 2,950
Disposals (200,000 ) - - (200,000 )
As at 30 September 2023 80,000 125 5,650 85,775
...CONTINUED
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Depreciation
As at 1 October 2022 - 74 1,594 1,668
Provided during the period - 10 811 821
As at 30 September 2023 - 84 2,405 2,489
Net Book Value
As at 30 September 2023 80,000 41 3,245 83,286
As at 1 October 2022 280,000 51 1,106 281,157
5. Stocks
2023 2022
£ £
Stock 100,000 225,000
6. Debtors
2023 2022
£ £
Due within one year
VAT 8,383 944
8,383 944
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,420 24,172
Other taxes and social security - 323
Directors' loan accounts 534,121 865,012
543,541 889,507
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 26,667 36,340
26,667 36,340
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4