IRIS Accounts Production v24.2.0.383 07772056 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077720562023-03-31077720562024-03-31077720562023-04-012024-03-31077720562022-03-31077720562022-04-012023-03-31077720562023-03-3107772056ns15:EnglandWales2023-04-012024-03-3107772056ns14:PoundSterling2023-04-012024-03-3107772056ns10:Director12023-04-012024-03-3107772056ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107772056ns10:SmallEntities2023-04-012024-03-3107772056ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107772056ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107772056ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107772056ns10:FullAccounts2023-04-012024-03-310777205612023-04-012024-03-3107772056ns10:OrdinaryShareClass12023-04-012024-03-3107772056ns10:CompanySecretary12023-04-012024-03-3107772056ns10:RegisteredOffice2023-04-012024-03-3107772056ns5:CurrentFinancialInstruments2024-03-3107772056ns5:CurrentFinancialInstruments2023-03-3107772056ns5:Non-currentFinancialInstruments2024-03-3107772056ns5:Non-currentFinancialInstruments2023-03-3107772056ns5:ShareCapital2024-03-3107772056ns5:ShareCapital2023-03-3107772056ns5:RetainedEarningsAccumulatedLosses2024-03-3107772056ns5:RetainedEarningsAccumulatedLosses2023-03-3107772056ns5:NetGoodwill2023-04-012024-03-3107772056ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107772056ns5:PlantMachinery2023-04-012024-03-3107772056ns5:FurnitureFittings2023-04-012024-03-3107772056ns5:MotorVehicles2023-04-012024-03-3107772056ns5:ComputerEquipment2023-04-012024-03-3107772056ns5:NetGoodwill2023-03-3107772056ns5:NetGoodwill2024-03-3107772056ns5:NetGoodwill2023-03-3107772056ns5:PlantMachinery2023-03-3107772056ns5:FurnitureFittings2023-03-3107772056ns5:MotorVehicles2023-03-3107772056ns5:ComputerEquipment2023-03-3107772056ns5:PlantMachinery2024-03-3107772056ns5:FurnitureFittings2024-03-3107772056ns5:MotorVehicles2024-03-3107772056ns5:ComputerEquipment2024-03-3107772056ns5:PlantMachinery2023-03-3107772056ns5:FurnitureFittings2023-03-3107772056ns5:MotorVehicles2023-03-3107772056ns5:ComputerEquipment2023-03-3107772056ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107772056ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107772056ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3107772056ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3107772056ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107772056ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107772056ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3107772056ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3107772056ns5:HirePurchaseContracts2024-03-3107772056ns5:HirePurchaseContracts2023-03-3107772056ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 07772056 (England and Wales)











Financial Statements

for the Year Ended 31st March 2024

for

SGE-SERVICES LIMITED

SGE-SERVICES LIMITED (REGISTERED NUMBER: 07772056)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SGE-SERVICES LIMITED

Company Information
for the year ended 31st March 2024







DIRECTOR: S G Gayler





SECRETARY: Mrs C K E Gayler





REGISTERED OFFICE: 32 Dundrey Crescent
Merstham
Redhill
RH1 3NY





REGISTERED NUMBER: 07772056 (England and Wales)





ACCOUNTANTS: Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ

SGE-SERVICES LIMITED (REGISTERED NUMBER: 07772056)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,400
Tangible assets 5 92,646 31,989
92,646 34,389

CURRENT ASSETS
Stocks 6 6,000 5,000
Debtors 7 74,014 198,312
Cash at bank 167,653 51,617
247,667 254,929
CREDITORS
Amounts falling due within one year 8 77,704 175,467
NET CURRENT ASSETS 169,963 79,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,609

113,851

CREDITORS
Amounts falling due after more than one
year

9

(44,673

)

(13,208

)

PROVISIONS FOR LIABILITIES (22,730 ) (10,434 )
NET ASSETS 195,206 90,209

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 195,106 90,109
SHAREHOLDERS' FUNDS 195,206 90,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

SGE-SERVICES LIMITED (REGISTERED NUMBER: 07772056)

Balance Sheet - continued
31st March 2024


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 3rd September 2024 and were signed by:





S G Gayler - Director


SGE-SERVICES LIMITED (REGISTERED NUMBER: 07772056)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

SGE-Services Limited 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.

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 represents goods and services supplied during the period exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SGE-SERVICES LIMITED (REGISTERED NUMBER: 07772056)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 24,000
AMORTISATION
At 1st April 2023 21,600
Amortisation for year 2,400
At 31st March 2024 24,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 2,400

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 12,154 3,170 60,181 7,806 83,311
Additions - - 74,634 1,254 75,888
Disposals - - (15,410 ) - (15,410 )
At 31st March 2024 12,154 3,170 119,405 9,060 143,789
DEPRECIATION
At 1st April 2023 10,402 2,664 30,450 7,806 51,322
Charge for year 438 126 9,791 - 10,355
Eliminated on disposal - - (10,534 ) - (10,534 )
At 31st March 2024 10,840 2,790 29,707 7,806 51,143
NET BOOK VALUE
At 31st March 2024 1,314 380 89,698 1,254 92,646
At 31st March 2023 1,752 506 29,731 - 31,989

SGE-SERVICES LIMITED (REGISTERED NUMBER: 07772056)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

6. STOCKS
2024 2023
£    £   
Stocks 6,000 5,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,705 186,369
VAT 8,154 9,523
Prepayments 3,155 2,420
74,014 198,312

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,343 2,343
Hire purchase contracts (see note 10) 7,828 6,355
Trade creditors 44,132 120,986
Tax 3,239 9,695
Social security and other taxes 7,919 4,583
Other creditors 9,026 7,768
Directors' current accounts 217 6,193
Accrued expenses 3,000 17,544
77,704 175,467

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,778 4,962
Hire purchase contracts (see note 10) 41,895 8,246
44,673 13,208

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 7,828 6,355
Between one and five years 41,895 8,246
49,723 14,601

SGE-SERVICES LIMITED (REGISTERED NUMBER: 07772056)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. ULTIMATE CONTROLLING PARTY

The controlling party is S G Gayler.