2023-03-012024-02-292024-02-29false07523906SGLS BUILDING SERVICES LTD2025-02-13falseiso4217:GBPxbrli:pure075239062023-03-01075239062024-02-29075239062023-03-012024-02-29075239062022-03-01075239062023-02-28075239062022-03-012023-02-2807523906bus:SmallEntities2023-03-012024-02-2907523906bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2907523906bus:FullAccounts2023-03-012024-02-2907523906bus:PrivateLimitedCompanyLtd2023-03-012024-02-2907523906core:WithinOneYear2024-02-2907523906core:AfterOneYear2024-02-2907523906core:WithinOneYear2023-02-2807523906core:AfterOneYear2023-02-2807523906core:ShareCapital2024-02-2907523906core:SharePremium2024-02-2907523906core:RevaluationReserve2024-02-2907523906core:OtherReservesSubtotal2024-02-2907523906core:RetainedEarningsAccumulatedLosses2024-02-2907523906core:ShareCapital2023-02-2807523906core:SharePremium2023-02-2807523906core:RevaluationReserve2023-02-2807523906core:OtherReservesSubtotal2023-02-2807523906core:RetainedEarningsAccumulatedLosses2023-02-2807523906core:LandBuildings2024-02-2907523906core:PlantMachinery2024-02-2907523906core:Vehicles2024-02-2907523906core:FurnitureFittings2024-02-2907523906core:OfficeEquipment2024-02-2907523906core:NetGoodwill2024-02-2907523906core:IntangibleAssetsOtherThanGoodwill2024-02-2907523906core:ListedExchangeTraded2024-02-2907523906core:UnlistedNon-exchangeTraded2024-02-2907523906core:LandBuildings2023-02-2807523906core:PlantMachinery2023-02-2807523906core:Vehicles2023-02-2807523906core:FurnitureFittings2023-02-2807523906core:OfficeEquipment2023-02-2807523906core:NetGoodwill2023-02-2807523906core:IntangibleAssetsOtherThanGoodwill2023-02-2807523906core:ListedExchangeTraded2023-02-2807523906core:UnlistedNon-exchangeTraded2023-02-2807523906core:LandBuildings2023-03-012024-02-2907523906core:PlantMachinery2023-03-012024-02-2907523906core:Vehicles2023-03-012024-02-2907523906core:FurnitureFittings2023-03-012024-02-2907523906core:OfficeEquipment2023-03-012024-02-2907523906core:NetGoodwill2023-03-012024-02-2907523906core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2907523906core:ListedExchangeTraded2023-03-012024-02-2907523906core:UnlistedNon-exchangeTraded2023-03-012024-02-2907523906core:MoreThanFiveYears2023-03-012024-02-2907523906core:Non-currentFinancialInstruments2024-02-2907523906core:Non-currentFinancialInstruments2023-02-2807523906dpl:CostSales2023-03-012024-02-2907523906dpl:DistributionCosts2023-03-012024-02-2907523906core:LandBuildings2023-03-012024-02-2907523906core:PlantMachinery2023-03-012024-02-2907523906core:Vehicles2023-03-012024-02-2907523906core:FurnitureFittings2023-03-012024-02-2907523906core:OfficeEquipment2023-03-012024-02-2907523906dpl:AdministrativeExpenses2023-03-012024-02-2907523906core:NetGoodwill2023-03-012024-02-2907523906core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2907523906dpl:GroupUndertakings2023-03-012024-02-2907523906dpl:ParticipatingInterests2023-03-012024-02-2907523906dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2907523906core:ListedExchangeTraded2023-03-012024-02-2907523906dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2907523906core:UnlistedNon-exchangeTraded2023-03-012024-02-2907523906dpl:CostSales2022-03-012023-02-2807523906dpl:DistributionCosts2022-03-012023-02-2807523906core:LandBuildings2022-03-012023-02-2807523906core:PlantMachinery2022-03-012023-02-2807523906core:Vehicles2022-03-012023-02-2807523906core:FurnitureFittings2022-03-012023-02-2807523906core:OfficeEquipment2022-03-012023-02-2807523906dpl:AdministrativeExpenses2022-03-012023-02-2807523906core:NetGoodwill2022-03-012023-02-2807523906core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2807523906dpl:GroupUndertakings2022-03-012023-02-2807523906dpl:ParticipatingInterests2022-03-012023-02-2807523906dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2807523906core:ListedExchangeTraded2022-03-012023-02-2807523906dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2807523906core:UnlistedNon-exchangeTraded2022-03-012023-02-2807523906core:NetGoodwill2024-02-2907523906core:IntangibleAssetsOtherThanGoodwill2024-02-2907523906core:LandBuildings2024-02-2907523906core:PlantMachinery2024-02-2907523906core:Vehicles2024-02-2907523906core:FurnitureFittings2024-02-2907523906core:OfficeEquipment2024-02-2907523906core:AfterOneYear2024-02-2907523906core:WithinOneYear2024-02-2907523906core:ListedExchangeTraded2024-02-2907523906core:UnlistedNon-exchangeTraded2024-02-2907523906core:ShareCapital2024-02-2907523906core:SharePremium2024-02-2907523906core:RevaluationReserve2024-02-2907523906core:OtherReservesSubtotal2024-02-2907523906core:RetainedEarningsAccumulatedLosses2024-02-2907523906core:NetGoodwill2023-02-2807523906core:IntangibleAssetsOtherThanGoodwill2023-02-2807523906core:LandBuildings2023-02-2807523906core:PlantMachinery2023-02-2807523906core:Vehicles2023-02-2807523906core:FurnitureFittings2023-02-2807523906core:OfficeEquipment2023-02-2807523906core:AfterOneYear2023-02-2807523906core:WithinOneYear2023-02-2807523906core:ListedExchangeTraded2023-02-2807523906core:UnlistedNon-exchangeTraded2023-02-2807523906core:ShareCapital2023-02-2807523906core:SharePremium2023-02-2807523906core:RevaluationReserve2023-02-2807523906core:OtherReservesSubtotal2023-02-2807523906core:RetainedEarningsAccumulatedLosses2023-02-2807523906core:NetGoodwill2022-03-0107523906core:IntangibleAssetsOtherThanGoodwill2022-03-0107523906core:LandBuildings2022-03-0107523906core:PlantMachinery2022-03-0107523906core:Vehicles2022-03-0107523906core:FurnitureFittings2022-03-0107523906core:OfficeEquipment2022-03-0107523906core:AfterOneYear2022-03-0107523906core:WithinOneYear2022-03-0107523906core:ListedExchangeTraded2022-03-0107523906core:UnlistedNon-exchangeTraded2022-03-0107523906core:ShareCapital2022-03-0107523906core:SharePremium2022-03-0107523906core:RevaluationReserve2022-03-0107523906core:OtherReservesSubtotal2022-03-0107523906core:RetainedEarningsAccumulatedLosses2022-03-0107523906core:AfterOneYear2023-03-012024-02-2907523906core:WithinOneYear2023-03-012024-02-2907523906core:Non-currentFinancialInstrumentscore:CostValuation2023-03-012024-02-2907523906core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-012024-02-2907523906core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-012024-02-2907523906core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-012024-02-2907523906core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-012024-02-2907523906core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-012024-02-2907523906core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2907523906core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2907523906core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2907523906core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2907523906core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2907523906core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2907523906core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2907523906core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2907523906core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2907523906core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2907523906core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2907523906core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2907523906core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2807523906core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2807523906core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2807523906core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2807523906core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2807523906core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2807523906core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2807523906core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2807523906core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2807523906bus:Director12023-03-012024-02-2907523906bus:Director22023-03-012024-02-29

SGLS BUILDING SERVICES LTD

Registered Number
07523906
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

SGLS BUILDING SERVICES LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Gary Sanders
Steven Stratton

Company Secretary

Richard Sanders

Registered Address

Summer Suite, 1st Floor Coleshill Town Hall, High Street
Coleshill
Birmingham
B46 3BG

Registered Number

07523906 (England and Wales)
SGLS BUILDING SERVICES LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets319,60024,500
Tangible assets410,8449,145
30,44433,645
Current assets
Stocks5147,000147,000
Debtors61,060,319769,431
Cash at bank and on hand532,939427,723
1,740,2581,344,154
Creditors amounts falling due within one year7(717,185)(558,683)
Net current assets (liabilities)1,023,073785,471
Total assets less current liabilities1,053,517819,116
Creditors amounts falling due after one year8(13,957)(34,042)
Net assets1,039,560785,074
Capital and reserves
Called up share capital100100
Profit and loss account1,039,460784,974
Shareholders' funds1,039,560785,074
The financial statements were approved and authorised for issue by the Board of Directors on 13 February 2025, and are signed on its behalf by:
Gary Sanders
Director
Steven Stratton
Director

Registered Company No. 07523906
SGLS BUILDING SERVICES LTD
Notes to the Financial Statements
for the year ended 29 February 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting 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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 March 2324,50024,500
At 29 February 2424,50024,500
Amortisation and impairment
Charge for year4,9004,900
At 29 February 244,9004,900
Net book value
At 29 February 2419,60019,600
At 28 February 2324,50024,500
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 March 2323,8621,98725,849
Additions5483,3913,939
At 29 February 2424,4105,37829,788
Depreciation and impairment
At 01 March 2315,77992516,704
Charge for year1,6266142,240
At 29 February 2417,4051,53918,944
Net book value
At 29 February 247,0053,83910,844
At 28 February 238,0831,0629,145
5.Stocks

2024

2023

££
Other stocks147,000147,000
Total147,000147,000
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables554,404480,105
Other debtors505,915281,995
Prepayments and accrued income-7,331
Total1,060,319769,431
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables321,003365,726
Bank borrowings and overdrafts10,170-
Taxation and social security186,835170,957
Other creditors196,96420,000
Accrued liabilities and deferred income2,2132,000
Total717,185558,683
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts13,95734,042
Total13,95734,042