SG Analytics Limited
Financial Statements
For the year ended 31 March 2025
Pages for Filing with Registrar
Company Registration No. 10254404 (England and Wales)
SG Analytics Limited
Company Information
Directors
Ankor Rai
(Appointed 17 June 2025)
Namit Sureka
(Appointed 17 June 2025)
Company number
10254404
Registered office
The Shipping Building
The Old Vinyl Factory
Blyth Road
Hayes
London
United Kingdom
UB3 1HA
Auditor
Moore Kingston Smith LLP
The Shipping Building
The Old Vinyl Factory
Blyth Road
Hayes
London
UB3 1HA
SG Analytics Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 6
SG Analytics Limited
Balance Sheet
As at 31 March 2025
31 March 2025
Page 1
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
142,157
247,574
Cash at bank and in hand
53,747
54,240
195,904
301,814
Creditors: amounts falling due within one year
4
(176,557)
(304,208)
Net current assets/(liabilities)
19,347
(2,394)
Capital and reserves
Called up share capital
5
5,000
5,000
Profit and loss reserves
14,347
(7,394)
Total equity
19,347
(2,394)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 September 2025 and are signed on its behalf by:
Ankor Rai
Namit Sureka
Director
Director
Company Registration No. 10254404
SG Analytics Limited
Notes to the Financial Statements
For the year ended 31 March 2025
Page 2
1
Accounting policies
Company information

SG Analytics Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Shipping Building, The Old Vinyl Factory, Blyth Road, Hayes, London, United Kingdom, UB3 1HA.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have assessed the company’s financial position and its ability to continue operating for the foreseeable future. During the year, the company made a net profit of £21,741 (2024: £43,081) and at the balance sheet date had net assets of £19,347 (2024: net liabilities £2,394) and cash at bank of £53,747 (2024: £54,240). The directors have reviewed projected cash flows and are confident that the company has sufficient resources to meet its liabilities as and when they fall due for a period of at least 12 months from the date of approval of these financial statements. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from service transactions is recognised in accordance with the Master Service Agreements with the customers. Such agreements are mostly time based contracts or project based contracts. In case of time based contracts, revenue has been recognised on the basis of time approved and related rate as per terms of contract. While in case of project based contracts, revenue has been recognised as the related services are performed and approved by the clients provided no significant uncertainty exists regarding the amount of the consideration that will be derived from rendering the service. The company recognises revenue net of indirect taxes in its statement of Profit and Loss. When the uncertainty relating to collectability arises subsequent to the time of the rendering of the service, a separate provision to reflect the uncertainty is recognised rather than to adjust the amount of revenue originally recorded.

SG Analytics Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 3
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

SG Analytics Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 4
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

SG Analytics Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 5
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
2
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
124,573
91,778
Amounts owed by group undertakings
-
0
150,000
Other debtors
15,556
3,864
Prepayments and accrued income
2,028
1,932
142,157
247,574
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
20,776
14,965
Amounts owed to group undertakings
115,852
200,000
Corporation tax
3,709
-
0
Other taxation and social security
12,123
10,706
Other creditors
24,097
78,537
176,557
304,208
SG Analytics Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 6
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
5,000
5,000
5,000
5,000

6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Amar Shah
Statutory Auditor:
Moore Kingston Smith LLP
7
Parent company

During the year, the company's immediate and ultimate parent was SG Analytics Private Limited, a private limited company incorporated in India. Since the year end, the company's immediate parent is SG Analytics Private Limited and ultimate parent undertaking is EQT AB, a company incorporated in Sweden.

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