IRIS Accounts Production v24.3.0.553 05669715 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056697152023-03-31056697152024-03-31056697152023-04-012024-03-31056697152022-03-31056697152022-04-012023-03-31056697152023-03-3105669715ns15:EnglandWales2023-04-012024-03-3105669715ns14:PoundSterling2023-04-012024-03-3105669715ns10:Director12023-04-012024-03-3105669715ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105669715ns10:SmallEntities2023-04-012024-03-3105669715ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3105669715ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105669715ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105669715ns10:FullAccounts2023-04-012024-03-310566971512023-04-012024-03-3105669715ns10:Director22023-04-012024-03-3105669715ns10:CompanySecretary12023-04-012024-03-3105669715ns10:RegisteredOffice2023-04-012024-03-3105669715ns5:CurrentFinancialInstruments2024-03-3105669715ns5:CurrentFinancialInstruments2023-03-3105669715ns5:Non-currentFinancialInstruments2024-03-3105669715ns5:Non-currentFinancialInstruments2023-03-3105669715ns5:ShareCapital2024-03-3105669715ns5:ShareCapital2023-03-3105669715ns5:RetainedEarningsAccumulatedLosses2024-03-3105669715ns5:RetainedEarningsAccumulatedLosses2023-03-3105669715ns5:NetGoodwill2023-04-012024-03-3105669715ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105669715ns5:PlantMachinery2023-04-012024-03-3105669715ns5:FurnitureFittings2023-04-012024-03-3105669715ns5:ComputerEquipment2023-04-012024-03-3105669715ns5:NetGoodwill2023-03-3105669715ns5:NetGoodwill2024-03-3105669715ns5:NetGoodwill2023-03-3105669715ns5:PlantMachinery2023-03-3105669715ns5:FurnitureFittings2023-03-3105669715ns5:ComputerEquipment2023-03-3105669715ns5:PlantMachinery2024-03-3105669715ns5:FurnitureFittings2024-03-3105669715ns5:ComputerEquipment2024-03-3105669715ns5:PlantMachinery2023-03-3105669715ns5:FurnitureFittings2023-03-3105669715ns5:ComputerEquipment2023-03-3105669715ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3105669715ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 05669715 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SGR Cars Limited

SGR Cars Limited (Registered number: 05669715)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


SGR Cars Limited

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs C Roest
Mr S G Roest





SECRETARY: Mr S G Roest





REGISTERED OFFICE: Barnside Motors
High Street
Cookham on Thames
Maidenhead
Berkshire
SL6 9SF





REGISTERED NUMBER: 05669715 (England and Wales)





ACCOUNTANTS: Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SGR CARS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SGR Cars Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SGR Cars Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SGR Cars Limited and state those matters that we have agreed to state to the Board of Directors of SGR Cars Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SGR Cars Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SGR Cars Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SGR Cars Limited. You consider that SGR Cars Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SGR Cars Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ


20 September 2024

SGR Cars Limited (Registered number: 05669715)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,494 26,204
19,494 26,204

CURRENT ASSETS
Stocks 140,155 157,763
Debtors 6 121,855 121,667
Cash at bank and in hand 36,574 195,534
298,584 474,964
CREDITORS
Amounts falling due within one year 7 75,242 273,196
NET CURRENT ASSETS 223,342 201,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,836

227,972

CREDITORS
Amounts falling due after more than one year 8 26,499 26,126
NET ASSETS 216,337 201,846

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 216,237 201,746
SHAREHOLDERS' FUNDS 216,337 201,846

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 20 September 2024 and were signed on its behalf by:





Mr S G Roest - Director


SGR Cars Limited (Registered number: 05669715)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

SGR Cars 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of goods net of Vat and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell.Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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 6 (2023 - 7 ) .

SGR Cars Limited (Registered number: 05669715)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 182,990
AMORTISATION
At 1 April 2023
and 31 March 2024 182,990
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 58,407 7,547 3,631 69,585
DEPRECIATION
At 1 April 2023 36,914 4,685 1,782 43,381
Charge for year 5,373 716 621 6,710
At 31 March 2024 42,287 5,401 2,403 50,091
NET BOOK VALUE
At 31 March 2024 16,120 2,146 1,228 19,494
At 31 March 2023 21,493 2,862 1,849 26,204

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 121,855 121,667

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,628 9,823
Trade creditors 3,536 7,114
Taxation and social security 15,058 19,995
Other creditors 51,020 236,264
75,242 273,196

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 26,499 26,126

SGR Cars Limited (Registered number: 05669715)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

Included in other creditors is £36,418 (2023: £221,338) due to S G Roest, the director of the company. There are no terms as to repayment of this balance.

There were no other transactions that need disclosing under FRS 102 (1A) effective January 2016.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S G Roest.