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REGISTERED NUMBER: 07134864 (England and Wales)






















SG Technical Systems Limited

Unaudited Financial Statements for the Year Ended 31st December 2024






SG Technical Systems Limited (Registered number: 07134864)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SG Technical Systems Limited

Company Information
for the year ended 31st December 2024







DIRECTOR: S J W Chacksfield





REGISTERED OFFICE: Millfield Works
Station Road
Middleton on the Wolds
East Yorkshire
YO25 9UQ





REGISTERED NUMBER: 07134864 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

SG Technical Systems Limited (Registered number: 07134864)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,083 32,930

CURRENT ASSETS
Stocks 303,439 355,959
Debtors 5 1,750,660 1,360,634
Investments 6 20,051 -
Cash at bank 982,103 353,735
3,056,253 2,070,328
CREDITORS
Amounts falling due within one year 7 369,860 214,736
NET CURRENT ASSETS 2,686,393 1,855,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,720,476

1,888,522

PROVISIONS FOR LIABILITIES 6,655 5,855
NET ASSETS 2,713,821 1,882,667

CAPITAL AND RESERVES
Called up share capital 60 60
Capital redemption reserve 40 40
Retained earnings 2,713,721 1,882,567
SHAREHOLDERS' FUNDS 2,713,821 1,882,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SG Technical Systems Limited (Registered number: 07134864)

Balance Sheet - continued
31st December 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th July 2025 and were signed by:





S J W Chacksfield - Director


SG Technical Systems Limited (Registered number: 07134864)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

SG Technical Systems 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.

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.

Fixtures and fittings -20% on cost
Computer equipment -10% on cost
Plant and Machinery -10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Current asset investments
Current asset investments are measured at fair value with any movements being charged to the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


SG Technical Systems Limited (Registered number: 07134864)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st January 2024 51,676 12,717 26,845 91,238
Additions 7,718 589 335 8,642
At 31st December 2024 59,394 13,306 27,180 99,880
DEPRECIATION
At 1st January 2024 31,709 5,883 20,716 58,308
Charge for year 4,346 1,202 1,941 7,489
At 31st December 2024 36,055 7,085 22,657 65,797
NET BOOK VALUE
At 31st December 2024 23,339 6,221 4,523 34,083
At 31st December 2023 19,967 6,834 6,129 32,930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 375,315 580,559
Amounts owed by group undertakings 1,370,669 768,307
Other debtors 4,676 11,768
1,750,660 1,360,634

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 20,051 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 42,135 47,243
Taxation and social security 276,134 106,910
Other creditors 51,591 60,583
369,860 214,736

SG Technical Systems Limited (Registered number: 07134864)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,115 3,115

9. ULTIMATE CONTROLLING PARTY

The controlling party is Bonum Holdings Limited.

The ultimate controlling party is S J W Chacksfield.