Company Registration No. 11182511 (England and Wales)
SGE Developments Ltd
Unaudited accounts
for the year ended 29 February 2024
SGE Developments Ltd
Unaudited accounts
Contents
SGE Developments Ltd
Company Information
for the year ended 29 February 2024
Company Number
11182511 (England and Wales)
Registered Office
31 Griffins Wood Close
Lightmoor Village
Telford
Shropshire
TF4 3GX
Accountants
Oliver Meyers FMAAT
49 Mills Hill Road
Middleton
Manchester
M24 2EF
SGE Developments Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
4,871
10,534
Cash at bank and in hand
356
-
Creditors: amounts falling due within one year
1,588
(4,401)
Net current assets/(liabilities)
1,944
(4,401)
Total assets less current liabilities
6,815
6,133
Creditors: amounts falling due after more than one year
(3,630)
(4,080)
Called up share capital
100
100
Profit and loss account
3,085
1,953
Shareholders' funds
3,185
2,053
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 February 2025 and were signed on its behalf by
Stuart Elliott
Director
Company Registration No. 11182511
SGE Developments Ltd
Notes to the Accounts
for the year ended 29 February 2024
SGE Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11182511. The registered office is 31 Griffins Wood Close, Lightmoor Village, Telford, Shropshire, TF4 3GX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
15% Reducing Balance
Other tangible fixed assets
15% Reducing Balance
SGE Developments Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
7,861
7,819
509
16,189
Additions
-
(7,819)
-
(7,819)
At 29 February 2024
7,861
-
509
8,370
At 1 March 2023
2,459
3,017
179
5,655
Charge for the year
811
-
50
861
On disposals
-
(3,017)
-
(3,017)
At 29 February 2024
3,270
-
229
3,499
At 29 February 2024
4,591
-
280
4,871
At 28 February 2023
5,402
4,802
330
10,534
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
720
720
Taxes and social security
3,486
3,094
Loans from directors
(6,194)
187
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).