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REGISTERED NUMBER: 08613115 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

SGM DEVELOPMENTS LIMITED

SGM DEVELOPMENTS LIMITED (Registered number: 08613115)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SGM DEVELOPMENTS LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr Jonathan Lowe





REGISTERED OFFICE: SUITE 4102 CHARLOTTE HOUSE
QUEENS DOCK BUSINESS CENTRE
67-83 NORFOLK STREET
LIVERPOOL
Merseyside
L1 0BG





REGISTERED NUMBER: 08613115 (England and Wales)





ACCOUNTANTS: DBS Corporate Accountants
Suite 4102, Charlotte House
Queens Dock Business Centre
67-83 Norfolk Street
Liverpool
Merseyside
L1 0BG

SGM DEVELOPMENTS LIMITED (Registered number: 08613115)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 142,891 144,022

CURRENT ASSETS
Debtors 5 - 12,679
Cash at bank 6,625 18,898
6,625 31,577
CREDITORS
Amounts falling due within one year 6 6,649 9,422
NET CURRENT (LIABILITIES)/ASSETS (24 ) 22,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,867

166,177

CREDITORS
Amounts falling due after more than
one year

7

69,345

77,462
NET ASSETS 73,522 88,715

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 50,251 50,251
Retained earnings 23,171 38,364
73,522 88,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SGM DEVELOPMENTS LIMITED (Registered number: 08613115)

Balance Sheet - continued
31 July 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 director and authorised for issue on 7 October 2024 and were signed by:





Mr Jonathan Lowe - Director


SGM DEVELOPMENTS LIMITED (Registered number: 08613115)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

SGM DEVELOPMENTS 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 amounts derived from the services provided by the company falling within its ordinary activities, 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.
Plant and machinery etc - 15% 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.

SGM DEVELOPMENTS LIMITED (Registered number: 08613115)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 136,483 30,397 166,880
DEPRECIATION
At 1 August 2023 - 22,858 22,858
Charge for year - 1,131 1,131
At 31 July 2024 - 23,989 23,989
NET BOOK VALUE
At 31 July 2024 136,483 6,408 142,891
At 31 July 2023 136,483 7,539 144,022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors - 12,679

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 4,235 (1,839 )
Trade creditors 228 198
Taxation and social security 1,526 4,674
Other creditors 660 6,389
6,649 9,422

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 69,345 77,462

SGM DEVELOPMENTS LIMITED (Registered number: 08613115)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.24 31.7.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 52,404 57,110

8. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 50,251