REGISTERED NUMBER: 04127893 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

SG&T Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Gardner

D J Hunter

K T Mannan

G R Marshall

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hampshire

GU14 6JP

REGISTERED NUMBER:

04127893 (England and Wales)

ACCOUNTANT:

Branston Adams

Chartered Certified Accountants

Suite 2, Victoria House

South Street

Farnham

Surrey

GU9 7QU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

68,761

90,810

68,761

90,810

CURRENT ASSETS

Debtors

6

355,733

282,042

Cash at bank

55,900

63,315

411,633

345,357

CREDITORS

Amounts falling due within one year

7

129,505

95,156

NET CURRENT ASSETS

282,128

250,201

TOTAL ASSETS LESS CURRENT LIABILITIES

350,889

341,011

CREDITORS

Amounts falling due after more than one year

8

41,335

74,186

NET ASSETS

309,554

266,825

CAPITAL AND RESERVES

Called up share capital

1,000

1,001

Share premium

94,857

94,857

Capital redemption reserve

20

20

Retained earnings

213,677

170,947

309,554

266,825

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

K T Mannan - Director

1.	STATUTORY INFORMATION

SG&T 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.

Turnover is derived for the ordinary business activities and is stated net of value added tax and discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

4,000

AMORTISATION

At 1 January 2024

and 31 December 2024

4,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

161,173

22,170

183,343

DEPRECIATION

At 1 January 2024

73,983

18,550

92,533

Charge for year

21,325

724

22,049

At 31 December 2024

95,308

19,274

114,582

NET BOOK VALUE

At 31 December 2024

65,865

2,896

68,761

At 31 December 2023

87,190

3,620

90,810

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

94,104

DEPRECIATION

At 1 January 2024

23,526

Charge for year

17,644

At 31 December 2024

41,170

NET BOOK VALUE

At 31 December 2024

52,934

At 31 December 2023

70,578

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

52,165

51,240

Other debtors

75,000

-

Harts Cars Ltd

221,491

221,490

Directors' current accounts

1,233

2,481

Prepayments

5,844

6,831

355,733

282,042

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

9,999

10,000

Hire purchase contracts

22,852

22,851

Trade creditors

16,625

7,649

Tax

26,638

32,497

Social security and other taxes

1,211

(4,637

)

VAT

16,607

13,514

Other creditors

10,624

10,772

Credit Card Collection

(2,380

)

-

Drivers Control Account

(3,448

)

-

Intercompany - Grazettes Ltd

30,777

-

Accrued expenses

-

2,510

129,505

95,156

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

5,000

10,000

Bank loans - 2-5 years

-

5,000

Hire purchase contracts

36,335

59,186

41,335

74,186

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Gardner, Mr D Hunter, Mr KMannan & Mr G Marshall.

By virtue of its shareholding the company Hart Cars Limited was the ultimate controller through the financial year.

Hart Cars Limited is owned and controlled equally by Mr J Gardner, Mr D Hunter, Mr K Mannan & Mr G Marshall.