REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
17 APRIL 2023 TO 30 APRIL 2024 |
FOR |
SFG ALUMINIUM LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
17 APRIL 2023 TO 30 APRIL 2024 |
FOR |
SFG ALUMINIUM LIMITED |
SFG ALUMINIUM LIMITED (REGISTERED NUMBER: 14808883) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 17 APRIL 2023 TO 30 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 6 |
SFG ALUMINIUM LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 17 APRIL 2023 TO 30 APRIL 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
123 Wellington Road South |
Stockport |
Cheshire |
SK1 3TH |
SFG ALUMINIUM LIMITED (REGISTERED NUMBER: 14808883) |
BALANCE SHEET |
30 APRIL 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
SFG ALUMINIUM LIMITED (REGISTERED NUMBER: 14808883) |
BALANCE SHEET - continued |
30 APRIL 2024 |
The financial statements were approved by the director and authorised for issue on |
SFG ALUMINIUM LIMITED (REGISTERED NUMBER: 14808883) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 17 APRIL 2023 TO 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Sfg Aluminium Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the fair value of consideration received or receivable for goods supplied and services rendered in the ordinary course of the business, excluding Value Added Tax (VAT) and trade discounts. |
Turnover is recognised to reflect the transfer of goods and services to the customer in line with the stage of completion of the contract. Turnover from supply and installation services is recognised over time as performance obligations are satisfied. |
Turnover is recognised on a % completion basis after calculating costs incurred on a contract to date compared to total costs on a contract. If the outcome of a contract cannot be estimated reliably, turnover is recognised only to the extent that contract costs incurred are expected to be recoverable. |
Turnover associated with uninstalled materials is recognised only when control is transferred to the customer, generally upon delivery to the site and where the company retains no ongoing involvement in those materials. |
Variations to contracts and claims are included in revenue only when it is highly probable that the revenue will not reverse and the amount of consideration can be measured reliably. |
If a contract is assessed as loss-making, a provision is recognised immediately for the estimated loss on the entire contract. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Taxation |
Taxation for the period 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. |
SFG ALUMINIUM LIMITED (REGISTERED NUMBER: 14808883) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 17 APRIL 2023 TO 30 APRIL 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 period 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 |
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 period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 30 April 2024 |
DEPRECIATION |
Charge for period |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
SFG ALUMINIUM LIMITED (REGISTERED NUMBER: 14808883) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 17 APRIL 2023 TO 30 APRIL 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | PROVISIONS FOR LIABILITIES |
£ |
Deferred tax | 6,797 |
Deferred |
tax |
£ |
Charge to Statement of Income and Retained Earnings during period |
Balance at 30 April 2024 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 1 | 1 |