SGLS BUILDING SERVICES LTD


Directors	Gary Sanders
	Steven Stratton


Company Secretary	SANDERS, Richard


Registered Address	Summer Suite, 1st Floor Coleshill Town Hall, High Street
	Coleshill
	Birmingham
	B46 3BG


Registered Number	07523906 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		14,700		19,600
Tangible assets	4		9,012		10,844
			23,712		30,444
Current assets
Stocks	5	99,210		147,000
Debtors	6	930,788		1,043,444
Cash at bank and on hand		405,229		532,939
		1,435,227		1,723,383
Creditors amounts falling due within one year	7	(519,280)		(700,310)
Net current assets (liabilities)			915,947		1,023,073
Total assets less current liabilities			939,659		1,053,517
Creditors amounts falling due after one year	8		(3,532)		(13,957)
Net assets			936,127		1,039,560
Capital and reserves
Called up share capital			100		100
Profit and loss account			936,027		1,039,460
Shareholders' funds			936,127		1,039,560

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 21 October 2025, and are signed on its behalf by:

Gary Sanders
Director

Steven Stratton
Director

Registered Company No. 07523906

SGLS BUILDING SERVICES LTD

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	20	-
Office Equipment	-	3

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 March 24	24,500	24,500
At 28 February 25	24,500	24,500
Amortisation and impairment
At 01 March 24	4,900	4,900
Charge for year	4,900	4,900
At 28 February 25	9,800	9,800
Net book value
At 28 February 25	14,700	14,700
At 29 February 24	19,600	19,600

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 March 24	24,410	5,378	29,788
Additions	-	1,082	1,082
At 28 February 25	24,410	6,460	30,870
Depreciation and impairment
At 01 March 24	17,405	1,539	18,944
Charge for year	1,400	1,514	2,914
At 28 February 25	18,805	3,053	21,858
Net book value
At 28 February 25	5,605	3,407	9,012
At 29 February 24	7,005	3,839	10,844

5.	Stocks

	2025	2024
	£	£
Other stocks	99,210	147,000
Total	99,210	147,000

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	247,846	554,404
Other debtors	682,942	489,040
Total	930,788	1,043,444

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	234,985	321,003
Bank borrowings and overdrafts	10,425	10,170
Taxation and social security	177,805	169,960
Other creditors	94,064	196,964
Accrued liabilities and deferred income	2,001	2,213
Total	519,280	700,310


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	3,532	13,957
Total	3,532	13,957