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SGR COMMERCIAL LTD

Registered Number
14262677
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

SGR COMMERCIAL LTD
Company Information
for the period from 1 August 2023 to 31 March 2024

Directors

Sam Alfie Rockley
Raymond Allan Rockley

Registered Address

Unit A Common Road
Kensworth
Dunstable
LU6 2PN

Registered Number

14262677 (England and Wales)
SGR COMMERCIAL LTD
Balance Sheet as at
31 March 2024

Notes

31 Mar 2024

31 Jul 2023

£

£

£

£

Fixed assets
Tangible assets3288,154288,154
288,154288,154
Current assets
Debtors2,194862
Cash at bank and on hand9,3204,022
11,5144,884
Creditors amounts falling due within one year(15,000)(15,000)
Net current assets (liabilities)(3,486)(10,116)
Total assets less current liabilities284,668278,038
Creditors amounts falling due after one year(297,988)(285,188)
Net assets(13,320)(7,150)
Capital and reserves
Other reserves(7,151)-
Profit and loss account(6,169)(7,150)
Shareholders' funds(13,320)(7,150)
The financial statements were approved and authorised for issue by the Board of Directors on 20 December 2024, and are signed on its behalf by:
Sam Alfie Rockley
Director
Registered Company No. 14262677
SGR COMMERCIAL LTD
Notes to the Financial Statements
for the period ended 31 March 2024

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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 August 23288,154
At 31 March 24288,154
Net book value
At 31 March 24288,154
At 31 July 23288,154
4.Related party transactions
During the year, the company has entered into transactions with related parties. These transactions have been conducted on an arm's length basis on normal trading terms. The director of the company, Sam Rockley, is a controlling shareholder in SGR Commercial LTD and SGR Audio Visual LTD. As such, the transactions between these two entities, which include sales and loan arrangements, are considered related party transactions. The following transactions occurred during the period: Sales of £9,600 Loans received of £12,800 (£3,939 2023) The following outstanding balances were held with related parties at the year-end: Receivables owed of £1,440 Loans owing of £16,739