IRIS Accounts Production v25.1.4.42 05750090 director 1.1.24 31.12.24 31.12.24 17.7.25 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057500902023-12-31057500902024-12-31057500902024-01-012024-12-31057500902022-12-31057500902023-01-012023-12-31057500902023-12-3105750090ns15:EnglandWales2024-01-012024-12-3105750090ns14:PoundSterling2024-01-012024-12-3105750090ns10:Director12024-01-012024-12-3105750090ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3105750090ns10:SmallEntities2024-01-012024-12-3105750090ns10:Audited2024-01-012024-12-3105750090ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3105750090ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105750090ns10:FullAccounts2024-01-012024-12-3105750090ns10:OrdinaryShareClass12024-01-012024-12-3105750090ns10:RegisteredOffice2024-01-012024-12-3105750090ns5:CurrentFinancialInstruments2024-12-3105750090ns5:CurrentFinancialInstruments2023-12-3105750090ns5:ShareCapital2024-12-3105750090ns5:ShareCapital2023-12-3105750090ns5:SharePremium2024-12-3105750090ns5:SharePremium2023-12-3105750090ns5:RetainedEarningsAccumulatedLosses2024-12-3105750090ns5:RetainedEarningsAccumulatedLosses2023-12-3105750090ns5:PlantMachinery2024-01-012024-12-3105750090ns5:PlantMachinery2023-12-3105750090ns5:PlantMachinery2024-12-3105750090ns5:PlantMachinery2023-12-3105750090ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3105750090ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3105750090ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 05750090 (England and Wales)


























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SGS INDUSTRIAL SERVICES (UK) LIMITED

SGS INDUSTRIAL SERVICES (UK) LIMITED (REGISTERED NUMBER: 05750090)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SGS INDUSTRIAL SERVICES (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr W Griesmaier





REGISTERED OFFICE: 17 George Street
St Helens
Merseyside
WA10 1DB





REGISTERED NUMBER: 05750090 (England and Wales)





AUDITORS: Livesey Spottiswood Ltd
Chartered Accountants and
Statutory Auditors
17 George Street
St Helens
Merseyside
WA10 1DB

SGS INDUSTRIAL SERVICES (UK) LIMITED (REGISTERED NUMBER: 05750090)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,317 5,289

CURRENT ASSETS
Debtors 5 12,241,303 1,421,293
Cash at bank 260,489 1,561,660
12,501,792 2,982,953
CREDITORS
Amounts falling due within one year 6 (12,082,887 ) (2,584,734 )
NET CURRENT ASSETS 418,905 398,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

431,222

403,508

CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium 129,634 129,634
Retained earnings 301,488 273,774
SHAREHOLDERS' FUNDS 431,222 403,508

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 July 2025 and were signed by:





Mr W Griesmaier - Director


SGS INDUSTRIAL SERVICES (UK) LIMITED (REGISTERED NUMBER: 05750090)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

SGS Industrial Services (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

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.

Significant judgements and estimates
In the application of the company's accounting policies as set out below, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that may have a material effect on the amounts recognised in the financial statements are described below.

Financial outcome of individual contracts - all long term contracts are reviewed on a monthly basis, with particular attention to contract stage of completion, costs to date and costs still to be incurred. Movement in margin is recognised when prudent to do so but immediately in the event there is a foreseeable loss.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of value added tax.

When the outcome of a transaction can be estimated reliably, turnover from service and installation work is recognised using the percentage completion method. Amounts recoverable on long-term contracts are included within debtors. Payments on account of long-term contracts are included within creditors.

Where the outcome cannot be measured reliably, the work in progress is valued at cost. Cost includes all direct costs plus an appropriate amount of attributable overhead.

When contract costs are expected to exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 3 years


SGS INDUSTRIAL SERVICES (UK) LIMITED (REGISTERED NUMBER: 05750090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments
Rentals payable under operating leases are charged against profits on a straight line basis over the periods of the leases. Assets acquired under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated in accordance with the accounting policy on depreciation. The related obligations, net of finance costs allocated to future periods, are included in creditors. Finance costs are charged against profits on a straight line basis over the periods of the contracts.

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 NIL (2023 - 10 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 6,110
Additions 17,912
Disposals (4,910 )
At 31 December 2024 19,112
DEPRECIATION
At 1 January 2024 821
Charge for year 7,610
Eliminated on disposal (1,636 )
At 31 December 2024 6,795
NET BOOK VALUE
At 31 December 2024 12,317
At 31 December 2023 5,289

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,241,084 727,762
Amounts recoverable on contracts - 650,836
Other debtors 219 42,695
12,241,303 1,421,293

SGS INDUSTRIAL SERVICES (UK) LIMITED (REGISTERED NUMBER: 05750090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 1,778,986 -
Trade creditors 3,537,435 442,198
Taxation and social security 1,604,172 60,476
Other creditors 5,162,294 2,082,060
12,082,887 2,584,734

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Mr Andrew McMinnis ACA FCCA (Senior Statutory Auditor)
for and on behalf of Livesey Spottiswood Ltd

9. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking and controlling party is SGS Industrial Services GmbH a company incorporated in Austria, which is the parent of the smallest and largest group to consolidate these financial statements. Copies of SGS Industrial Services GmbH consolidated financial statements can be obtained from Gewerbepark 1, 4751 Dorf an der Pram, Austria.

10. 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.