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Company Registration No. 06777373 (England and Wales)
SGI Projects Limited Unaudited accounts for the year ended 31 December 2023
SGI Projects Limited Unaudited accounts Contents
Page
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SGI Projects Limited Company Information for the year ended 31 December 2023
Directors
Raymond Norris Stephanie Norris
Company Number
06777373 (England and Wales)
Registered Office
41 Snelsins Road Cleckheaton West Yorkshire BD19 3UE United Kingdom
Accountants
Fern Accounting Services 19 Fern View Gomersal Gomersal Bd19 4pe
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SGI Projects Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,762 
17,162 
Current assets
Debtors
215 
49,459 
Cash at bank and in hand
7,306 
24,947 
7,521 
74,406 
Creditors: amounts falling due within one year
(22,777)
(104,741)
Net current liabilities
(15,256)
(30,335)
Total assets less current liabilities
3,506 
(13,173)
Creditors: amounts falling due after more than one year
(24,402)
(37,056)
Net liabilities
(20,896)
(50,229)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(20,898)
(50,231)
Shareholders' funds
(20,896)
(50,229)
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.
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 26 September 2024 and were signed on its behalf by
Raymond Norris Director Company Registration No. 06777373
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SGI Projects Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
SGI Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 06777373. The registered office is 41 Snelsins Road, Cleckheaton, West Yorkshire, BD19 3UE, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
36,575 
762 
37,337 
Additions
- 
1,600 
1,600 
At 31 December 2023
36,575 
2,362 
38,937 
Depreciation
At 1 January 2023
19,842 
333 
20,175 
At 31 December 2023
19,842 
333 
20,175 
Net book value
At 31 December 2023
16,733 
2,029 
18,762 
At 31 December 2022
16,733 
429 
17,162 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
215 
49,459 
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SGI Projects Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
634 
65,672 
Taxes and social security
4,734 
16,402 
Other creditors
15,451 
20,709 
Loans from directors
1,958 
1,958 
22,777 
104,741 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
24,402 
37,056 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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