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Registration number: 06874158

SGM Engineering LTD

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

SGM Engineering LTD

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 5

 

SGM Engineering LTD

Company Information

Director

K Best

Registered office

8 Wickfield
Clevedon
North Somerset
BS21 5EU

Accountants

Herbert Lewis Williams & Associates Limited
Chartered Certified Accountants
Leigh Court Business Centre
Abbots Leigh
Bristol
BS8 3RA

 

SGM Engineering LTD

(Registration number: 06874158)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

2

4,353

4,940

Current assets

 

Stocks

3

39,969

87,923

Debtors

4

48,024

432,856

Cash at bank and in hand

 

254,855

78,976

 

342,848

599,755

Creditors: Amounts falling due within one year

5

(60,723)

(412,516)

Net current assets

 

282,125

187,239

Total assets less current liabilities

 

286,478

192,179

Provisions for liabilities

(1,066)

-

Net assets

 

285,412

192,179

Capital and reserves

 

Called up share capital

6

10

110

Retained earnings

285,402

192,069

Shareholders' funds

 

285,412

192,179

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 November 2024
 

 

SGM Engineering LTD

(Registration number: 06874158)
Balance Sheet as at 30 September 2024

.........................................
K Best
Director

 

SGM Engineering LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

2

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

6,731

5,000

11,731

Additions

1,191

-

1,191

Disposals

(2,147)

-

(2,147)

At 30 September 2024

5,775

5,000

10,775

Depreciation

At 1 October 2023

5,541

1,250

6,791

Charge for the year

529

1,250

1,779

Eliminated on disposal

(2,148)

-

(2,148)

At 30 September 2024

3,922

2,500

6,422

Carrying amount

At 30 September 2024

1,853

2,500

4,353

At 30 September 2023

1,190

3,750

4,940

3

Stocks

2024
£

2023
£

Work in progress

38,969

85,923

Other inventories

1,000

2,000

39,969

87,923

4

Debtors

Current

2024
£

2023
£

Trade debtors

46,266

430,855

Prepayments

1,758

2,001

 

48,024

432,856

 

SGM Engineering LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

-

20,000

Trade creditors

 

2,919

280,570

Taxation and social security

 

55,855

101,342

Accruals and deferred income

 

1,525

1,450

Other creditors

 

424

9,154

 

60,723

412,516

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £0 (2023 - £1) each

-

-

100

100

Ordinary B shares of £1 each

10

10

10

10

10

10

110

110

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

-

20,000