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REGISTERED NUMBER: 04421100 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

SGB World Services Limited

SGB World Services Limited (Registered number: 04421100)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


SGB World Services Limited (Registered number: 04421100)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,974 11,653

CURRENT ASSETS
Stocks 262 494
Debtors 5 34,990 11,078
Cash at bank 733,769 314,407
769,021 325,979
CREDITORS
Amounts falling due within one year 6 617,085 163,531
NET CURRENT ASSETS 151,936 162,448
TOTAL ASSETS LESS CURRENT LIABILITIES 160,910 174,101

CREDITORS
Amounts falling due after more than one year 7 26,774 31,179
NET ASSETS 134,136 142,922

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 134,134 142,920
SHAREHOLDERS' FUNDS 134,136 142,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





Mr S G Boote - Director


SGB World Services Limited (Registered number: 04421100)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

SGB World Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04421100

Registered office: Ebenezer House
Ryecroft
Newcaste
Staffs
ST5 2BE

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, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

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

SGB World Services Limited (Registered number: 04421100)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Office Plant and and
Equipment machinery fittings
£    £    £   
COST
At 1 May 2023
and 30 April 2024 7,011 14,133 4,301
DEPRECIATION
At 1 May 2023 6,773 12,200 4,111
Charge for year 36 290 29
At 30 April 2024 6,809 12,490 4,140
NET BOOK VALUE
At 30 April 2024 202 1,643 161
At 30 April 2023 238 1,933 190

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 54,017 5,799 85,261
DEPRECIATION
At 1 May 2023 44,726 5,798 73,608
Charge for year 2,323 1 2,679
At 30 April 2024 47,049 5,799 76,287
NET BOOK VALUE
At 30 April 2024 6,968 - 8,974
At 30 April 2023 9,291 1 11,653

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,567 10,439
Other debtors 423 639
34,990 11,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 1,485 18,242
Taxation and social security 326 30,279
Other creditors 610,274 110,010
617,085 163,531

SGB World Services Limited (Registered number: 04421100)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 26,774 31,179

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,774 11,179