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SGL6(2) LIMITED

Registered Number
10775268
(England and Wales)

Unaudited Financial Statements for the Year ended
30 May 2024

SGL6(2) LIMITED
Company Information
for the year from 31 May 2023 to 30 May 2024

Directors

CARTWRIGHT, Andrew Nicholas
CARTWRIGHT, Anne Colette

Company Secretary

CARTWRIGHT, Anne Colette

Registered Address

4 Glasshouse Studios Fryern Court Road
Burgate
Fordingbridge
SP6 1QX

Registered Number

10775268 (England and Wales)
SGL6(2) LIMITED
Balance Sheet as at
30 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3335,005335,005
Investments411
335,006335,006
Current assets
Debtors58,0066,937
Cash at bank and on hand939259
8,9457,196
Creditors amounts falling due within one year6(4,192)(1,117)
Net current assets (liabilities)4,7536,079
Total assets less current liabilities339,759341,085
Creditors amounts falling due after one year7(191,691)(191,563)
Net assets148,068149,522
Capital and reserves
Called up share capital22
Profit and loss account148,066149,520
Shareholders' funds148,068149,522
The financial statements were approved and authorised for issue by the Board of Directors on 17 December 2024, and are signed on its behalf by:
CARTWRIGHT, Andrew Nicholas
Director
CARTWRIGHT, Anne Colette
Director

Registered Company No. 10775268
SGL6(2) LIMITED
Notes to the Financial Statements
for the year ended 30 May 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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 31 May 23335,005335,005
At 30 May 24335,005335,005
Net book value
At 30 May 24335,005335,005
At 30 May 23335,005335,005
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 31 May 2311
At 30 May 2411
Net book value
At 30 May 2411
At 30 May 2311

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Other debtors8,0066,937
Total8,0066,937
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security-517
Other creditors3,817600
Accrued liabilities and deferred income375-
Total4,1921,117
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts191,064190,693
Other creditors627870
Total191,691191,563