Registered number
SC784999
SG Appliance Repairs Ltd
Filleted Accounts
31 October 2024
SG Appliance Repairs Ltd
Registered number: SC784999
Balance Sheet
as at 31 October 2024
Notes 2024
£
Fixed assets
Tangible assets 3 5,750
Current assets
Debtors 4 1,687
Cash at bank and in hand 12,564
14,251
Creditors: amounts falling due within one year 5 (9,050)
Net current assets 5,201
Net assets 10,951
Capital and reserves
Called up share capital 100
Profit and loss account 10,851
Shareholders' funds 10,951
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Grant
Director
Approved by the board on 9 April 2024
SG Appliance Repairs Ltd
Notes to the Accounts
for the period from 5 October 2023 to 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% by Reducing Balance Method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
2 Employees 2024
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 6,000
At 31 October 2024 6,000
Depreciation
Charge for the period 250
At 31 October 2024 250
Net book value
At 31 October 2024 5,750
4 Debtors 2024
£
Trade debtors 1,687
5 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 8,474
Other creditors 576
9,050
6 Other information
SG Appliance Repairs Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
17 Hall Park
Abernethy
Perth
PH2 9JE
SG Appliance Repairs Ltd SC784999 false 2023-10-05 2024-10-31 2024-10-31 VT Final Accounts April 2025 S Grant No description of principal activity SC784999 2023-10-05 2024-10-31 SC784999 bus:PrivateLimitedCompanyLtd 2023-10-05 2024-10-31 SC784999 bus:AuditExemptWithAccountantsReport 2023-10-05 2024-10-31 SC784999 bus:Director40 2023-10-05 2024-10-31 SC784999 1 2023-10-05 2024-10-31 SC784999 2 2023-10-05 2024-10-31 SC784999 countries:England 2023-10-05 2024-10-31 SC784999 bus:FRS102 2023-10-05 2024-10-31 SC784999 bus:FilletedAccounts 2023-10-05 2024-10-31 SC784999 2024-10-31 SC784999 core:WithinOneYear 2024-10-31 SC784999 core:ShareCapital 2024-10-31 SC784999 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC784999 2023-10-04 iso4217:GBP xbrli:pure