1 January 2025 v2025.82.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP023208072025-01-012025-09-30023208072025-09-30023208072024-12-3102320807core:WithinOneYear2025-09-3002320807core:WithinOneYear2024-12-3102320807core:ShareCapital2025-09-3002320807core:ShareCapital2024-12-3102320807core:SharePremium2025-09-3002320807core:SharePremium2024-12-3102320807core:RetainedEarningsAccumulatedLosses2025-09-3002320807core:RetainedEarningsAccumulatedLosses2024-12-3102320807bus:Director12025-01-012025-09-3002320807bus:RegisteredOffice2025-01-012025-09-3002320807core:OfficeEquipment2025-01-012025-09-3002320807core:FurnitureFittings2025-01-012025-09-30023208072025-01-010232080712025-01-012025-09-30023208072024-01-012024-12-3102320807countries:EnglandWales2025-01-012025-09-3002320807bus:AuditExemptWithAccountantsReport2025-01-012025-09-3002320807bus:PrivateLimitedCompanyLtd2025-01-012025-09-3002320807bus:SmallEntities2025-01-012025-09-3002320807bus:AbridgedAccounts2025-01-012025-09-30
Company registration number:
02320807
Sgp Accountants (Sunderland) Ltd
Unaudited Filleted Abridged Financial Statements for the period ended
30 September 2025
Sgp Accountants (Sunderland) Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Sgp Accountants (Sunderland) Ltd
Period ended
30 September 2025
As described on the abridged statement of financial position, the Board of Directors of
Sgp Accountants (Sunderland) Ltd
are responsible for the preparation of the
abridged financial statements
for the period ended
30 September 2025
, which comprise the abridged income statement, abridged statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
SGP ACCOUNTANTS GROUP
kingfisher House
2 Kingfisher Way
Stockton-on-Tees
TS18 3EX
United Kingdom
Sgp Accountants (Sunderland) Ltd
Abridged Statement of Financial Position
30 September 2025
30 Sep 202531 Dec 2024
Note££
Fixed assets    
Tangible assets 5
584
 
930
 
Current assets    
Debtors -  
18,742
 
Cash at bank and in hand -  
20,612
 
-  
39,354
 
Creditors: amounts falling due within one year
(13,572
 )
(52,154
 )
Net current liabilities
(13,572
 )
(12,800
 )
Total assets less current liabilities (12,988 ) (11,870 )
Provisions for liabilities -  
(265
 )
Net liabilities
(12,988
 )
(12,135
 )
Capital and reserves    
Called up share capital
1,000
 
1,000
 
Share premium
2,495
 
2,495
 
Profit and loss account
(16,483
 )
(15,630
 )
Shareholders deficit
(12,988
 )
(12,135
 )
For the period ending
30 September 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the period ended
30 September 2025
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
17 December 2025
, and are signed on behalf of the board by:
Dr A Al Zaiter
Director
Company registration number:
02320807
Sgp Accountants (Sunderland) Ltd
Notes to the Abridged Financial Statements
Period ended
30 September 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Kingfisher House
,
2 Kingfisher Way
,
Stockton-On-Tees
,
TS18 3EX
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% reducing balance
Fixtures and fittings
25% reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the period was Nil (2024: Nil).

5 Fixed assets

Tangible assets
£
Cost  
At
1 January 2025
and
30 September 2025
8,287
 
Depreciation  
At
1 January 2025
7,357
 
Charge
346
 
At
30 September 2025
7,703
 
Carrying amount  
At
30 September 2025
584
 
At 31 December 2024
930