General Information
SGG Environmental Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 11235926, registration address Unit 3A, Abbey Close, Birkenhead, Merseyside, CH41 5FQ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
20% Straight Line
|
| Motor Vehicles |
20% Straight Line
|
| Computer Equipment |
20% Straight Line
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 12 (2024 : 15).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
5,000 |
|
5,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 March 2025 |
5,000 |
|
5,000 |
| Amortisation |
| At 01 April 2024 |
3,000 |
|
3,000 |
| Charge for year |
500 |
|
500 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
3,500 |
|
3,500 |
| Net book values |
| At 31 March 2025 |
1,500 |
|
1,500 |
| At 31 March 2024 |
2,000 |
|
2,000 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
97,158 |
|
35,687 |
|
787 |
|
133,632 |
| Additions |
- |
|
- |
|
2,000 |
|
2,000 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
97,158 |
|
35,687 |
|
2,787 |
|
135,632 |
| Depreciation |
| At 01 April 2024 |
87,007 |
|
23,087 |
|
105 |
|
110,199 |
| Charge for year |
6,299 |
|
6,300 |
|
424 |
|
13,023 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
93,306 |
|
29,387 |
|
529 |
|
123,222 |
| Net book values |
| Closing balance as at 31 March 2025 |
3,852 |
|
6,300 |
|
2,258 |
|
12,410 |
| Opening balance as at 01 April 2024 |
10,151 |
|
12,600 |
|
682 |
|
23,433 |
|
| 5. |
Stocks
|
2025
£ |
|
2024
£ |
| Work in Progress |
15,242 |
|
12,318 |
| Stocks |
95,033 |
|
95,489 |
|
110,275 |
|
107,807 |
|
| 6. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
220,237 |
|
159,696 |
| Provision for Doubtful Debts |
(7,265) |
|
0 |
| Prepayments & Accrued Income |
31,754 |
|
28,294 |
| Other Debtors |
0 |
|
257 |
|
244,726 |
|
188,247 |
Factoring
The company factors some of its debts.
The gross amount of factored debts is £210,030 (2024 - £160,405).
|
| 7. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
113,152 |
|
111,020 |
| Bank Loans & Overdrafts |
8,743 |
|
8,743 |
| Corporation Tax |
14,137 |
|
4,632 |
| PAYE & Social Security |
10,316 |
|
3,435 |
| Accrued Expenses |
3,186 |
|
3,602 |
| Other Creditors |
165,238 |
|
128,153 |
| Obligations under HP/Financial Leases |
1,786 |
|
4,286 |
| Pension Contributions |
550 |
|
543 |
| Director: S Gunn-Grant |
52 |
|
34 |
| VAT |
50,240 |
|
45,508 |
|
367,400 |
|
309,956 |
|
| 8. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
1,457 |
|
10,201 |
| Obligations Under HP/Financial Leases |
0 |
|
1,786 |
|
1,457 |
|
11,987 |
Bank Loans & Overdrafts
The Bank Loan represents a Bounce Back Loan.
|
| 9. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
Ordinary A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
| 10. |
Security for Liabilities
The company has granted an all-assets debenture dated 27 March 2018 in favour of Lloyds Bank Commercial Finance Limited. This debenture creates:
Fixed charges over certain assets including property, plant and machinery, intellectual property, goodwill, insurance rights, and securities.
A floating charge over all other assets of the company.
A negative pledge restricting the creation of further security without the lenders consent.
The charge was registered at Companies House on 4 April 2018 under the Companies Act 2006.
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2
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