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Company Registration No. 13221278 (England and Wales)
SG Hellyer Ltd Unaudited accounts for the year ended 29 February 2024
SG Hellyer Ltd Unaudited accounts Contents
Page
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SG Hellyer Ltd Company Information for the year ended 29 February 2024
Director
S G Hellyer
Company Number
13221278 (England and Wales)
Registered Office
First Floor 129 High Street Guildford Surrey GU1 3AA United Kingdom
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SG Hellyer Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,089 
7,509 
Current assets
Debtors
25,279 
50,066 
Cash at bank and in hand
22,855 
67,570 
48,134 
117,636 
Creditors: amounts falling due within one year
(2,131)
(37,371)
Net current assets
46,003 
80,265 
Net assets
52,092 
87,774 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
51,992 
87,674 
Shareholders' funds
52,092 
87,774 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2024 and were signed on its behalf by
S G Hellyer Director Company Registration No. 13221278
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SG Hellyer Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SG Hellyer Ltd is a private company, limited by shares, registered in England and Wales, registration number 13221278. The registered office is First Floor, 129 High Street, Guildford, Surrey, GU1 3AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
4 years straight line
Computer equipment
4 years straight line
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
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SG Hellyer Ltd Notes to the Accounts for the year ended 29 February 2024
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the director has made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
7,800 
- 
1,703 
9,503 
Additions
- 
284 
- 
284 
At 29 February 2024
7,800 
284 
1,703 
9,787 
Depreciation
At 1 March 2023
1,765 
- 
229 
1,994 
Charge for the year
1,207 
71 
426 
1,704 
At 29 February 2024
2,972 
71 
655 
3,698 
Net book value
At 29 February 2024
4,828 
213 
1,048 
6,089 
At 28 February 2023
6,035 
- 
1,474 
7,509 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,299 
17,335 
Other debtors
21,980 
32,731 
25,279 
50,066 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
198 
5,082 
Taxes and social security
1,111 
31,841 
Loans from directors
822 
448 
2,131 
37,371 
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SG Hellyer Ltd Notes to the Accounts for the year ended 29 February 2024
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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