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Company Registration No. 05614680 (England and Wales)
SFG Solutions Ltd Unaudited accounts for the year ended 30 November 2024
SFG Solutions Ltd Unaudited accounts Contents
Page
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SFG Solutions Ltd Company Information for the year ended 30 November 2024
Directors
Mr S.F. Gledhill Mrs R.W. Gledhill
Secretary
Mrs R.W. Gledhill
Company Number
05614680 (England and Wales)
Registered Office
Penates 13 Manor Park Avenue Princes Risborough Bucks HP27 9AU England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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SFG Solutions Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
258 
536 
Current assets
Debtors
9,604 
7,762 
Cash at bank and in hand
21,606 
18,126 
31,210 
25,888 
Creditors: amounts falling due within one year
(19,495)
(17,099)
Net current assets
11,715 
8,789 
Total assets less current liabilities
11,973 
9,325 
Provisions for liabilities
Deferred tax
(49)
(102)
Net assets
11,924 
9,223 
Capital and reserves
Called up share capital
1,200 
1,200 
Profit and loss account
10,724 
8,023 
Shareholders' funds
11,924 
9,223 
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by
Mr S.F. Gledhill Director Company Registration No. 05614680
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SFG Solutions Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
SFG Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 05614680. The registered office is Penates, 13 Manor Park Avenue, Princes Risborough, Bucks, HP27 9AU, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Computer equipment
25% Straight line basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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SFG Solutions Ltd Notes to the Accounts for the year ended 30 November 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2023
2,872 
At 30 November 2024
2,872 
Depreciation
At 1 December 2023
2,336 
Charge for the year
278 
At 30 November 2024
2,614 
Net book value
At 30 November 2024
258 
At 30 November 2023
536 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Computer equipment
- 
277 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,642 
7,404 
Accrued income and prepayments
962 
358 
9,604 
7,762 
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SFG Solutions Ltd Notes to the Accounts for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,661 
5,076 
Obligations under finance leases and hire purchase contracts
- 
200 
Trade creditors
120 
495 
Taxes and social security
8,785 
9,277 
Other creditors
- 
160 
Accruals
3,612 
574 
Deferred income
1,317 
1,317 
19,495 
17,099 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
49 
102 
2024 
2023 
£ 
£ 
Provision at start of year
102 
155 
Credited to the profit and loss account
(53)
(53)
Provision at end of year
49 
102 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 November 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
200 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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