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
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
SGI Projects Limited
Statement of financial position
as at 31 December 2023
Tangible assets
18,762
17,162
Cash at bank and in hand
7,306
24,947
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)
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
SGI Projects Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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:
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
At 31 December 2023
36,575
2,362
38,937
At 1 January 2023
19,842
333
20,175
At 31 December 2023
19,842
333
20,175
At 31 December 2023
16,733
2,029
18,762
At 31 December 2022
16,733
429
17,162
Amounts falling due within one year
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
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).