SG AND KC LTD
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Company registration number 10598098
Date
Approval date of the accounts by the board 28/10/2025
Date
Date of signing on the audit/accountants report 28/10/2025
Date of engagement letter (required for Date
CA and ACCA reports) 08/10/2018
Person signing directors' report:
Name of director K Curtis
Or, name of secretary
Name of director signing balance sheet K Curtis
Address of registered office:
Address line 1 Leigh House
Address line 2 Morchard Bishop
City or town Crediton
County or region Devon
Postcode EX17 6RH
Name of senior statutory auditor
Name of auditors/accountants TYRRELL PROCTER
Type of firm (eg Chartered Accountants)
Address of auditors/accountants
Address line 1 Chartered Accountants
Address line 2 Beaufort House
City or town 113 Parson Street
County or region Bristol
Postcode BS3 5QH
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 2 2
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
10598098
SG AND KC LTD
Unaudited Filleted Accounts
31 January 2025
SG AND KC LTD
Registered number: 10598098
Balance Sheet
as at 31 January 2025
Notes 2025 2023
£ £
Fixed assets
Intangible assets 3 - 1,800
Tangible assets 4 8,090 20,735
8,090 22,535
Current assets
Stocks 594 2,748
Debtors 5 16,474 10,863
Cash at bank and in hand 6,039 19,980
23,107 33,591
Creditors: amounts falling due within one year 6 (3,145) (22,143)
Net current assets 19,962 11,448
Total assets less current liabilities 28,052 33,983
Creditors: amounts falling due after more than one year 7 (28,072) (34,124)
Net assets/(liabilities) (20) (141)
Capital and reserves
Called up share capital 4 4
Profit and loss account (24) (16,005)
Shareholders' funds (20) (16,001)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Curtis
Director
Approved by the board on 28 October 2025
SG AND KC LTD
Notes to the Accounts
for the period from 1 November 2023 to 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recog
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 4,500
Disposals (4,500)
At 31 January 2025 -
Amortisation
At 1 November 2023 2,700
Provided during the period 1,800
On disposals (4,500)
At 31 January 2025 -
Net book value
At 31 January 2025 -
At 31 October 2023 1,800
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2023 35,078 45,835 80,913
Additions - 8,474 8,474
Disposals (35,078) (40,240) (75,318)
At 31 January 2025 - 14,069 14,069
Depreciation
At 1 November 2023 26,199 33,979 60,178
On disposals (26,199) (28,000) (54,199)
At 31 January 2025 - 5,979 5,979
Net book value
At 31 January 2025 - 8,090 8,090
At 31 October 2023 8,879 11,856 20,735
5 Debtors 2025 2023
£ £
Trade debtors - 10,863
Directors loan accounts 11,987 -
Other debtors 4,487 -
16,474 10,863
6 Creditors: amounts falling due within one year 2025 2023
£ £
Trade creditors 1,395 2,651
Taxation and social security costs - 5,221
VAT 1,750 14,271
3,145 22,143
7 Creditors: amounts falling due after one year 2025 2023
£ £
Bank loans 28,072 34,124
8 Other information
SG AND KC LTD is a private company limited by shares and incorporated in England. Its registered office is:
Leigh House
Morchard Bishop
Crediton
Devon
EX17 6RH
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