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Registered number: 04832450
SGD (South West) Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2025
SGD (South West) Ltd
Contents
Contents

| Page
--- | ---
Company Information | 1
Abridged Balance Sheet | 2—3
Notes to the Abridged Financial Statements | 4—5

Page 1
SGD (South West) Ltd
Company Information
For The Year Ended 31 July 2025
Company Information

Directors | Mrs N J Alexander
| Mr J J Witts
| Mr D N Witts-Price
Secretary | Mrs B J Witts
Company Number | 04832450
Registered Office | Unit 5 Melyn Mair Business Park
| Wentloog Avenue
| Cardiff
| CF3 2EX
Accountants | HSJ Accountants Ltd
| Severn House
| Hazell Drive
| Newport
| NP10 8FY

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SGD (South West) Ltd
Abridged Balance Sheet
As At 31 July 2025
Abridged Balance Sheet
Registered number: 04832450

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 34,704 |  | 27,962
|  |  | 34,704 |  | 27,962
CURRENT ASSETS
Stocks |  | 5,000 |  | 10,000 |
Debtors |  | 849,678 |  | 601,532 |
|  | 854,678 |  | 611,532 |
Creditors: Amounts Falling Due Within One Year |  | (505,947 ) |  | (288,387 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 348,731 |  | 323,145
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 383,435 |  | 351,107
NET ASSETS |  |  | 383,435 |  | 351,107
CAPITAL AND RESERVES
Called up share capital | 6 |  | 1,140 |  | 1,140
Share premium account |  |  | 29,850 |  | 29,850
Capital redemption reserve |  |  | 60 |  | 60
Profit and Loss Account |  |  | 352,385 |  | 320,057
SHAREHOLDERS' FUNDS |  |  | 383,435 |  | 351,107

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SGD (South West) Ltd
Abridged Balance Sheet (continued)
As At 31 July 2025
For the year ending 31 July 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mrs N J Alexander Director
4 March 2026

The notes on pages 4 to 5 form part of these financial statements.
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SGD (South West) Ltd
Notes to the Abridged Financial Statements
For The Year Ended 31 July 2025
Notes to the Abridged Financial Statements
1. General Information
SGD (South West) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04832450 . The registered office is Unit 5 Melyn Mair Business Park, Wentloog Avenue, Cardiff, CF3 2EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 10% straight line
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 20% straight line

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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SGD (South West) Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 July 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 August 2024 | 47,843
Additions | 13,209
As at 31 July 2025 | 61,052
Depreciation
As at 1 August 2024 | 19,881
Provided during the period | 6,467
As at 31 July 2025 | 26,348
Net Book Value
As at 31 July 2025 | 34,704
As at 1 August 2024 | 27,962

5. Secured Creditors
Of the creditors the following amounts are secured.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 25,119 |  | 33,488

6. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,140 |  | 1,140

7. Related Party Transactions
During the year the directors made interest free, unsecured, repayable on demand loans to the company. At the balance sheet date the amount due to the directors was £11,498 (2024 - £nil).
During the year, the company paid management charges to SGD Group Ltd totalling £8,593 (2024 - £225,125). The company also made interest free, unsecured, repayable on demand loans to and from the parent company. At the balance date, the amount due from the company was £186,470 (2024 - £186,470).
During the year, the company received management charges from related companies totalling £19,500 (2024 - £4,000). The company also made interest free, unsecured, payable on demand loans to and from related companies. At the balance sheet date, the amount due from/(to) the companies was £248,453 (2024 - £210,953).
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