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REGISTERED NUMBER: 12536099 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SGC TELECOM LTD

SGC TELECOM LTD (REGISTERED NUMBER: 12536099)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


SGC TELECOM LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr K M Connelly





REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
Greater Manchester
M44 5XD





REGISTERED NUMBER: 12536099 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

SGC TELECOM LTD (REGISTERED NUMBER: 12536099)

REPORT OF THE DIRECTOR
for the Year Ended 31 March 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Telecommunications Construction

DIRECTOR
Mr K M Connelly held office during the whole of the period from 1 April 2023 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

31.3.24 1.4.23
Ordinary shares of £1 each 1 1

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr K M Connelly - Director


12 September 2024

SGC TELECOM LTD (REGISTERED NUMBER: 12536099)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 31,969 21,610

CURRENT ASSETS
Stocks 45,263 35,785
Debtors 5 32,879 47,011
Cash at bank 861 2,250
79,003 85,046
CREDITORS
Amounts falling due within one year 6 (140,412 ) (173,642 )
NET CURRENT LIABILITIES (61,409 ) (88,596 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,440

)

(66,986

)

CREDITORS
Amounts falling due after more than one
year

7

(10,657

)

(1,324

)
NET LIABILITIES (40,097 ) (68,310 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (40,098 ) (68,311 )
SHAREHOLDERS' FUNDS (40,097 ) (68,310 )

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

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

SGC TELECOM LTD (REGISTERED NUMBER: 12536099)

BALANCE SHEET - continued
31 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 12 September 2024 and were signed by:





Mr K M Connelly - Director


SGC TELECOM LTD (REGISTERED NUMBER: 12536099)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

SGC Telecom Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Motor vehicles - 25% on reducing balance

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.

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.

SGC TELECOM LTD (REGISTERED NUMBER: 12536099)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 2,643 34,763 37,406
Additions 244 20,772 21,016
At 31 March 2024 2,887 55,535 58,422
DEPRECIATION
At 1 April 2023 1,311 14,485 15,796
Charge for year 394 10,263 10,657
At 31 March 2024 1,705 24,748 26,453
NET BOOK VALUE
At 31 March 2024 1,182 30,787 31,969
At 31 March 2023 1,332 20,278 21,610

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 17,303 28,153
Other debtors 15,576 18,858
32,879 47,011

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 17,277 18,616
Hire purchase contracts 6,475 7,285
Trade creditors 24,790 28,942
Taxation and social security 13,604 51,399
Other creditors 78,266 67,400
140,412 173,642

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 10,657 1,324

8. RELATED PARTY DISCLOSURES

Dividends to directors

SGC TELECOM LTD (REGISTERED NUMBER: 12536099)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K M Connelly.