Company Registration No. 06922523 (England and Wales)
Sgo Uk Limited
Unaudited accounts
for the year ended 31 December 2023
Sgo Uk Limited
Unaudited accounts
Contents
Sgo Uk Limited
Company Information
for the year ended 31 December 2023
Directors
M Angel Doncel
GA Mills
Company Number
06922523 (England and Wales)
Registered Office
Turnfields Gate
Turnfields
Thatcham
Berkshire
RG19 4PT
England
Sgo Uk Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
12,714
32,032
Creditors: amounts falling due within one year
(215,815)
(193,315)
Net current liabilities
(160,347)
(97,700)
Total assets less current liabilities
(160,347)
(97,700)
Creditors: amounts falling due after more than one year
(602,606)
(600,628)
Net liabilities
(762,953)
(698,328)
Called up share capital
50,000
50,000
Profit and loss account
(812,953)
(748,328)
Shareholders' funds
(762,953)
(698,328)
For the year ending 31 December 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 17 September 2024 and were signed on its behalf by
GA Mills
Director
Company Registration No. 06922523
Sgo Uk Limited
Notes to the Accounts
for the year ended 31 December 2023
Sgo Uk Limited is a private company, limited by shares, registered in England and Wales, registration number 06922523. The registered office is Turnfields Gate, Turnfields, Thatcham, Berkshire, RG19 4PT, England.
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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.
The company’s holding company has confirmed that it will provide sufficient resources to ensure that the company’s working capital requirements are met. The directors therefore have a reasonable expectation that the company has adequate resources to continue to operate for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
The accounts are presented in £ sterling.
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Sgo Uk Limited
Notes to the Accounts
for the year ended 31 December 2023
Taxation and Deferred tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Soluciones Gráficas por Ordenador (incorporated in Spain) is regarded by the directors as being the company's ultimate parent company.
Miguel Angel Doncel owns 100% of the shares of Soluciones Gráficas por Ordenador.
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Average number of employees
During the year the average number of employees was 4 (2022: 4).