Company Registration No. 07516717 (England and Wales)
SG MEDIA LTD
Unaudited accounts
for the year ended 29 February 2024
SG MEDIA LTD
Company Information
for the year ended 29 February 2024
Company Number
07516717 (England and Wales)
Registered Office
International House
36-38 Cornhill
London
London
EC3V 3NG
England
Accountants
AL Accounting Solutions Limited
Chartered Certified Accountants
21A Brighton Road
South Croydon
Croydon
CR2 6EA
SG MEDIA LTD
Statement of financial position
as at 29 February 2024
Tangible assets
5,616
6,849
Cash at bank and in hand
-
4,457
Creditors: amounts falling due within one year
(22,960)
(20,399)
Net current assets
28,019
42,527
Total assets less current liabilities
33,635
49,376
Creditors: amounts falling due after more than one year
(32,866)
(39,387)
Called up share capital
1
1
Profit and loss account
768
9,988
Shareholders' funds
769
9,989
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 15 July 2024 and were signed on its behalf by
Akindele Falola
Director
Company Registration No. 07516717
SG MEDIA LTD
Notes to the Accounts
for the year ended 29 February 2024
SG MEDIA LTD is a private company, limited by shares, registered in England and Wales, registration number 07516717. The registered office is International House, 36-38 Cornhill, London, London, EC3V 3NG, England.
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:
4
Tangible fixed assets
Plant & machinery
At 29 February 2024
20,607
At 29 February 2024
14,991
Amounts falling due within one year
Other debtors
50,979
58,469
SG MEDIA LTD
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,395
5,205
Taxes and social security
4,874
7,760
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest fee loan
58,469
-
-
58,469
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).