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REGISTERED NUMBER: 10016904 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SG2A DEVELOPMENTS LIMITED

SG2A DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10016904)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SG2A DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: S S Bhavra





REGISTERED OFFICE: Spectrum House
2b Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 10016904 (England and Wales)






SG2A DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10016904)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,060 51,508

CURRENT ASSETS
Stocks 465,562 465,562
Debtors 5 74,211 951
Cash at bank 44,164 92,915
583,937 559,428
CREDITORS
Amounts falling due within one year 6 12,528 10,027
NET CURRENT ASSETS 571,409 549,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

607,469

600,909

CREDITORS
Amounts falling due after more than one year 7 244,648 253,883
NET ASSETS 362,821 347,026

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 362,721 346,926
SHAREHOLDERS' FUNDS 362,821 347,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SG2A DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10016904)

BALANCE SHEET - continued
29 February 2024


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 director and authorised for issue on 9 January 2025 and were signed by:





S S Bhavra - Director


SG2A DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10016904)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

SG2A Developments 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Motor vehicles - 4 years straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost. The company does not have any Other Financial Instrument as covered by Section 12 of FRS 102 (Section 1A).

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.

SG2A DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10016904)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 61,790
DEPRECIATION
At 1 March 2023 10,282
Charge for year 15,448
At 29 February 2024 25,730
NET BOOK VALUE
At 29 February 2024 36,060
At 28 February 2023 51,508

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 951 951
Other debtors 73,260 -
74,211 951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 9,234 9,187
Taxation and social security 2,454 -
Other creditors & accruals 840 840
12,528 10,027

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 31,188 40,423
Other creditors 213,460 213,460
244,648 253,883

SG2A DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10016904)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
90 Ordinary £1 90 90
10 Ordinary A £1 10 10
100 100

9. RELATED PARTY DISCLOSURE

There are amounts due to related parties within other debtors. At the year end, GA&A Developments Ltd owed SG2A Developments Limited £73,260 (2023: £nil).

There are amounts due from related parties within other creditors. At the year end, SG2A Developments Limited owed GA&A Design Limited £210,994 (2023: £210,994).

The companies are related parties due to having a common director and common ownership.