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REGISTERED NUMBER: 09637490 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SG CONTRACTOR ACCOUNTING LIMITED

SG CONTRACTOR ACCOUNTING LIMITED (REGISTERED NUMBER:

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SG CONTRACTOR ACCOUNTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S J Holland
D J Mepham
R B Stilwell





REGISTERED OFFICE: 1 Cedar Office Park
Cobham Road
Wimborne
Dorset
BH21 7SB





REGISTERED NUMBER: 09637490 (England and Wales)





AUDITORS: Carter & Coley Limited
Chartered Accountants and Statutory Auditor
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

SG CONTRACTOR ACCOUNTING LIMITED (REGISTERED NUMBER:

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 233,237 163,617

CURRENT ASSETS
Debtors 5 135,736 129,725
Cash at bank 156,270 191,352
292,006 321,077
CREDITORS
Amounts falling due within one year 6 433,799 258,716
NET CURRENT (LIABILITIES)/ASSETS (141,793 ) 62,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,444

225,978

CREDITORS
Amounts falling due after more than one
year

7

-

(30,747

)

PROVISIONS FOR LIABILITIES (26,706 ) (20,881 )
NET ASSETS 64,738 174,350

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,638 174,250
64,738 174,350

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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:



D J Mepham - Director


SG CONTRACTOR ACCOUNTING LIMITED (REGISTERED NUMBER:

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

SG Contractor Accounting Limited 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Short leasehold - in accordance with the term of the lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially recognised at cost.

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.


SG CONTRACTOR ACCOUNTING LIMITED (REGISTERED NUMBER:

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 76 (2023 - 64 ) .

SG CONTRACTOR ACCOUNTING LIMITED (REGISTERED NUMBER:

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 57,216 61,217 32,490 52,563 203,486
Additions - 24,718 64,000 29,040 117,758
Disposals - (1,211 ) - - (1,211 )
At 30 June 2024 57,216 84,724 96,490 81,603 320,033
DEPRECIATION
At 1 July 2023 - 24,498 1,714 13,657 39,869
Charge for year - 17,212 19,068 11,136 47,416
Eliminated on disposal - (489 ) - - (489 )
At 30 June 2024 - 41,221 20,782 24,793 86,796
NET BOOK VALUE
At 30 June 2024 57,216 43,503 75,708 56,810 233,237
At 30 June 2023 57,216 36,719 30,776 38,906 163,617

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 32,490
DEPRECIATION
At 1 July 2023 1,714
Charge for year 7,527
At 30 June 2024 9,241
NET BOOK VALUE
At 30 June 2024 23,249
At 30 June 2023 30,776

SG CONTRACTOR ACCOUNTING LIMITED (REGISTERED NUMBER:

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,077 46,841
Amounts owed by group undertakings - 7,345
Other debtors 70,659 75,539
135,736 129,725

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 30,747 594
Trade creditors 55,952 48,048
Amounts owed to group undertakings 295 -
Taxation and social security 323,564 188,869
Other creditors 23,241 21,205
433,799 258,716

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 30,747

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 30,747 31,341

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew A Clark FCA (Senior Statutory Auditor)
for and on behalf of Carter & Coley Limited

10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

SG CONTRACTOR ACCOUNTING LIMITED (REGISTERED NUMBER:

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


11. ULTIMATE PARENT COMPANY

In the opinion of the directors, the company's ultimate parent company throughout the current and previous period was The Affinity Professional Services Group Limited, a company registered in England and Wales with company number 09636263.