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REGISTERED NUMBER: 12193566 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2024

FOR

SDG WEALTH MANAGEMENT LTD

SDG WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 12193566)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SDG WEALTH MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 5TH APRIL 2024







DIRECTORS: S D Griffiths
Mrs M L Turner





REGISTERED OFFICE: C/o CBHC Ltd
Steeple House, Suite 3
Church Lane
Chelmsford
Essex
CM1 1NH





REGISTERED NUMBER: 12193566 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

SDG WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 12193566)

BALANCE SHEET
5TH APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,455 2,868

CURRENT ASSETS
Debtors 5 3,553 -
Cash at bank 35,173 70,241
38,726 70,241
CREDITORS
Amounts falling due within one year 6 (41,279 ) (36,421 )
NET CURRENT (LIABILITIES)/ASSETS (2,553 ) 33,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,902

36,688

PROVISIONS FOR LIABILITIES (1,076 ) -
NET ASSETS 826 36,688

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 726 36,588
826 36,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2024 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.

SDG WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 12193566)

BALANCE SHEET - continued
5TH APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th June 2024 and were signed on its behalf by:





S D Griffiths - Director


SDG WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 12193566)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2024


1. STATUTORY INFORMATION

Sdg Wealth Management 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

SDG WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 12193566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6th April 2023 7,748
Additions 4,400
At 5th April 2024 12,148
DEPRECIATION
At 6th April 2023 4,880
Charge for year 2,813
At 5th April 2024 7,693
NET BOOK VALUE
At 5th April 2024 4,455
At 5th April 2023 2,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,553 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 38,350 33,122
Other creditors 2,929 3,299
41,279 36,421

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5th April 2024 and 5th April 2023:

2024 2023
£    £   
S D Griffiths
Balance outstanding at start of year (887 ) -
Amounts advanced 130,568 -
Amounts repaid (126,128 ) (887 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,553 (887 )

SDG WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 12193566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

At the balance sheet date Mr S D Griffiths (director) owed the company £3,553 (2023: company owed the director £887). This was repaid within 9 months of the year end.