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REGISTERED NUMBER: 11640268 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SGM CONSTRUCTION SERVICES LTD

SGM CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 11640268)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SGM CONSTRUCTION SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: S McIntosh





REGISTERED OFFICE: 2 Chapel View
Wibtoft
Lutterworth
Leicestershire
LE17 5BB





REGISTERED NUMBER: 11640268 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

SGM CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 11640268)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,892 8,868

CURRENT ASSETS
Stocks 5 4,000 6,000
Debtors 6 72,394 86,690
Cash at bank 16,215 27,521
92,609 120,211
CREDITORS
Amounts falling due within one year 7 59,978 102,958
NET CURRENT ASSETS 32,631 17,253
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,523

26,121

CREDITORS
Amounts falling due after more than one
year

8

40,272

19,382
NET ASSETS 28,251 6,739

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 28,151 6,639
SHAREHOLDERS' FUNDS 28,251 6,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

SGM CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 11640268)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2025 and were signed by:





S McIntosh - Director


SGM CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 11640268)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

SGM Construction Services ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 for services rendered, net of discounts and Value Added Tax.

Revenue from the sale of services is recongised by reference to the stage of completion of the transaction at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SGM CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 11640268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023 7,966 28,881 36,847
Additions - 38,990 38,990
At 31 October 2024 7,966 67,871 75,837
DEPRECIATION
At 1 November 2023 5,952 22,027 27,979
Charge for year 504 11,462 11,966
At 31 October 2024 6,456 33,489 39,945
NET BOOK VALUE
At 31 October 2024 1,510 34,382 35,892
At 31 October 2023 2,014 6,854 8,868

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 38,990
At 31 October 2024 38,990
DEPRECIATION
Charge for year 9,748
At 31 October 2024 9,748
NET BOOK VALUE
At 31 October 2024 29,242

5. STOCKS
2024 2023
£    £   
Stocks 4,000 6,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 49,322 663
Other debtors 23,072 86,027
72,394 86,690

SGM CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 11640268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,293 3,471
Hire purchase contracts 10,055 -
Taxation and social security 34,092 92,973
Other creditors 6,538 6,514
59,978 102,958

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,910 19,382
Hire purchase contracts 24,362 -
40,272 19,382

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years by
instalments

2,025

5,497

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
S McIntosh
Balance outstanding at start of year 80,938 73,775
Amounts advanced 35,515 24,513
Amounts repaid (117,872 ) (17,350 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,419 ) 80,938

This loan is interest free and repayable on demand.