REGISTERED NUMBER: SC428598 (Scotland)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

SBG PROJECTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S B Gardiner

SECRETARY:

REGISTERED OFFICE:

19 Parcock Place

Oldmeldrum

Inverurie

Aberdeenshire

AB51 0PH

REGISTERED NUMBER:

SC428598 (Scotland)

ACCOUNTANTS:

Bon Accord Accountancy Limited

71 Charleston Road North

Cove

Aberdeen

Aberdeenshire

AB12 3SZ

FIXED ASSETS

Tangible assets

4

18,133

31,238

CURRENT ASSETS

Debtors

5

6,211

1,855

Cash at bank

164,516

185,926

170,727

187,781

CREDITORS

Amounts falling due within one year

6

9,453

23,990

NET CURRENT ASSETS

161,274

163,791

TOTAL ASSETS LESS CURRENT LIABILITIES

179,407

195,029

PROVISIONS FOR LIABILITIES

4,455

5,935

NET ASSETS

174,952

189,094

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

174,942

189,084

SHAREHOLDERS' FUNDS

174,952

189,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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.

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 director and authorised for issue on 28 November 2025 and were signed by:

S B Gardiner - Director

1.	STATUTORY INFORMATION

SBG Projects Ltd is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery etc

-

33% on cost, 25% on cost and 25% 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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

73,656

Additions

1,105

Disposals

(23,995

)

At 31 July 2025

50,766

DEPRECIATION

At 1 August 2024

42,418

Charge for year

8,895

Eliminated on disposal

(18,680

)

At 31 July 2025

32,633

NET BOOK VALUE

At 31 July 2025

18,133

At 31 July 2024

31,238

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

5,652

1,312

Other debtors

559

543

6,211

1,855

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

495

856

Taxation and social security

7,924

22,100

Other creditors

1,034

1,034

9,453

23,990