2022-06-012023-05-312023-05-31false11999239SXG COVENTRY 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SXG COVENTRY LIMITED

Registered Number
11999239
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

SXG COVENTRY LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

ZHAO, Tianlong

Registered Address

73 Cornhill
London
EC3V 3QQ

Registered Number

11999239 (England and Wales)
SXG COVENTRY LIMITED
Statement of Financial Position
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets359,45674,664
59,45674,664
Current assets
Debtors-1,510
Cash at bank and on hand5,76515,668
5,76517,178
Creditors amounts falling due within one year4(163,027)(166,644)
Net current assets (liabilities)(157,262)(149,466)
Total assets less current liabilities(97,806)(74,802)
Creditors amounts falling due after one year5(35,000)(45,000)
Net assets(132,806)(119,802)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(133,806)(120,802)
Shareholders' funds(132,806)(119,802)
The financial statements were approved and authorised for issue by the Director on 8 August 2024, and are signed on its behalf by:
ZHAO, Tianlong
Director
Registered Company No. 11999239
SXG COVENTRY LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 June 2250,1595,05945,898101,116
At 31 May 2350,1595,05945,898101,116
Depreciation and impairment
At 01 June 226,9191,93917,59426,452
Charge for year5,0161,0129,17815,206
Other adjustments--22
At 31 May 2311,9352,95126,77441,660
Net book value
At 31 May 2338,2242,10819,12459,456
At 31 May 2243,2403,12028,30474,664
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables8,83117,156
Taxation and social security4,779-
Other creditors122,533122,301
Accrued liabilities and deferred income26,88427,187
Total163,027166,644
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts35,00045,000
Total35,00045,000