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REGISTERED NUMBER: 11816138 (England and Wales)









Financial Statements for the Year Ended 31st March 2023

for

SGSKG Limited

SGSKG Limited (Registered number: 11816138)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SGSKG Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: S K Gupta
S Gupta
A Gupta





SECRETARY: A Gupta





REGISTERED OFFICE: 2 Leman Street
London
E1W 9US





REGISTERED NUMBER: 11816138 (England and Wales)






SGSKG Limited (Registered number: 11816138)

Balance Sheet
31st March 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 33,632 44,843
Investments 5 225,000 225,000
258,632 269,843

CURRENT ASSETS
Debtors 6 7,890 4,090
Cash at bank 126 117
8,016 4,207
CREDITORS
Amounts falling due within one year 7 (203,986 ) (185,055 )
NET CURRENT LIABILITIES (195,970 ) (180,848 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,662

88,995

CREDITORS
Amounts falling due after more than one
year

8

(24,167

)

(34,167

)

PROVISIONS FOR LIABILITIES (4,772 ) -
NET ASSETS 33,723 54,828

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 32,723 53,828
33,723 54,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SGSKG Limited (Registered number: 11816138)

Balance Sheet - continued
31st March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2024 and were signed on its behalf by:





A Gupta - Director


SGSKG Limited (Registered number: 11816138)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

SGSKG 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 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.
Motor vehicles - 25% on reducing balance

Taxation
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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SGSKG Limited (Registered number: 11816138)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 45,797
DEPRECIATION
At 1st April 2022 954
Charge for year 11,211
At 31st March 2023 12,165
NET BOOK VALUE
At 31st March 2023 33,632
At 31st March 2022 44,843

5. INVESTMENTS
Loan
investments
£   
At 1st April 2022
and 31st March 2023 225,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Other debtors 7,890 4,090

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 10,049 4,317
Other creditors 183,937 170,738
203,986 185,055

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 24,167 34,167