SGR Sales Limited 04436020 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the rental of a commercial premises in Broadbridge Heath. Digita Accounts Production Advanced 6.30.9574.0 true 04436020 2024-01-01 2024-12-31 04436020 2024-12-31 04436020 core:CurrentFinancialInstruments 2024-12-31 04436020 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04436020 bus:SmallEntities 2024-01-01 2024-12-31 04436020 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04436020 bus:FilletedAccounts 2024-01-01 2024-12-31 04436020 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04436020 bus:RegisteredOffice 2024-01-01 2024-12-31 04436020 bus:Director1 2024-01-01 2024-12-31 04436020 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04436020 countries:England 2024-01-01 2024-12-31 04436020 2023-01-01 2023-12-31 04436020 2023-12-31 04436020 core:CurrentFinancialInstruments 2023-12-31 04436020 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

SGR Sales Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

Registration number: 04436020

 

SGR Sales Limited

Contents

Statement of financial position

1

Notes to the Unaudited Financial Statements

2 to 3

 

SGR Sales Limited

(Registration number: 04436020)
Statement of financial position as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

94,773

94,293

Cash at bank and in hand

 

4,990

4,990

 

99,763

99,283

Creditors: Amounts falling due within one year

5

(48,146)

(48,147)

Net assets

 

51,617

51,136

Capital and reserves

 

Called up share capital

2

2

Retained earnings

51,615

51,134

Shareholders' funds

 

51,617

51,136

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 14 July 2025
 

.........................................
A Thorpe
Director

 

SGR Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
78 Billingshurst Road
Broadbridge Heath
Horsham
West Sussex
RH12 3LP

These financial statements were authorised for issue by the director on 14 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover is measured at the consideration received or receiveable for sales made during the year and derives from the receipt of rent from its leasehold premises. Turnover is shown net of sales/value added tax, returns, rebates and discounts.


The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

SGR Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Current

2024
£

2023
£

Trade debtors

55,950

55,370

Prepayments

36,923

36,923

Other debtors

1,900

2,000

 

94,773

94,293

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

48,008

48,008

Other creditors

138

139

48,146

48,147

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £560,000 (2023 - £720,000).