1 November 2024 false No description of principal activity Taxfiler 2024.6 15221680 business:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 15221680 2024-10-31 15221680 2024-11-01 2025-10-31 15221680 business:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 15221680 business:AbridgedAccounts 2024-11-01 2025-10-31 15221680 2025-10-31 15221680 2024-10-31 15221680 core:WithinOneYear 2025-10-31 15221680 core:WithinOneYear 2024-10-31 15221680 core:ShareCapital core:PreviouslyStatedAmount 2025-10-31 15221680 core:ShareCapital core:PreviouslyStatedAmount 2024-10-31 15221680 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-10-31 15221680 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-10-31 15221680 core:PreviouslyStatedAmount 2025-10-31 15221680 core:PreviouslyStatedAmount 2024-10-31 15221680 business:SmallEntities 2024-11-01 2025-10-31 15221680 business:Director2 2024-11-01 2025-10-31 15221680 countries:EnglandWales 2024-11-01 2025-10-31 15221680 business:RegisteredOffice 2024-11-01 2025-10-31 15221680 core:PlantMachinery 2024-11-01 2025-10-31 15221680 core:FurnitureFittings 2024-11-01 2025-10-31 15221680 2023-10-19 2024-10-31 iso4217:GBP xbrli:pure
Company Registration No. 15221680 (England and Wales)
Svg Automotive Ltd Unaudited accounts for the year ended 31 October 2025
Svg Automotive Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
54,058
15,507
Current assets
Debtors
25,087
7,344
Cash at bank and in hand
73,414
18,207
98,501
25,551
Creditors: amounts falling due within one year
(137,369)
(31,553)
Net current liabilities
(38,868)
(6,002)
Net assets
15,190
9,505
Capital and reserves
Called up share capital
3
-
Profit and loss account
15,187
9,505
Shareholders' funds
15,190
9,505
For the year ending 31 October 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2026 and were signed on its behalf by
P M Stone Director Company Registration No. 15221680
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Svg Automotive Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Svg Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 15221680. The registered office is Left hand side AGS Building, Southampton Road, Portsmouth, Hampshire, PO6 4RJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line basis
Fixtures & fittings
10% straight line basis
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 November 2024
19,384
Additions
48,245
At 31 October 2025
67,629
Depreciation
At 1 November 2024
3,877
Charge for the year
9,694
At 31 October 2025
13,571
Net book value
At 31 October 2025
54,058
At 31 October 2024
15,507
5
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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