| S.A.G NORTH EAST LTD |
| Registered number: |
11656905 |
| Balance Sheet |
| as at 29 September 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
56,551 |
|
|
16,544 |
|
| Current assets |
| Debtors |
4 |
|
38,563 |
|
|
14,234 |
| Cash at bank and in hand |
|
|
196,863 |
|
|
393,265 |
|
|
|
235,426 |
|
|
407,499 |
|
| Creditors: amounts falling due within one year |
5 |
|
(27,321) |
|
|
(80,616) |
|
| Net current assets |
|
|
|
208,105 |
|
|
326,883 |
|
| Total assets less current liabilities |
|
|
|
264,656 |
|
|
343,427 |
|
|
| Provisions for liabilities |
|
|
|
- |
|
|
(3,142) |
|
|
| Net assets |
|
|
|
264,656 |
|
|
340,285 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
264,556 |
|
|
340,185 |
|
| Shareholders' funds |
|
|
|
264,656 |
|
|
340,285 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S Gray |
| Director |
| Approved by the board on 17 April 2026 |
|
| S.A.G NORTH EAST LTD |
| Notes to the Accounts |
| for the year ended 29 September 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the 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. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets as follows: |
|
|
Motor vehicles |
25% reducing balance |
|
Fixtures, fittings, tools and equipment |
15% reducing balance |
|
|
Stocks |
|
Work in progress is measured at the estimated selling price.The carrying amount of work in progress is recognised in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 30 September 2024 |
1,616 |
|
36,863 |
|
38,479 |
|
Additions |
2,422 |
|
56,757 |
|
59,179 |
|
Disposals |
- |
|
(35,167) |
|
(35,167) |
|
At 29 September 2025 |
4,038 |
|
58,453 |
|
62,491 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 September 2024 |
615 |
|
21,320 |
|
21,935 |
|
Charge for the year |
318 |
|
5,007 |
|
5,325 |
|
On disposals |
- |
|
(21,320) |
|
(21,320) |
|
At 29 September 2025 |
933 |
|
5,007 |
|
5,940 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 29 September 2025 |
3,105 |
|
53,446 |
|
56,551 |
|
At 29 September 2024 |
1,001 |
|
15,543 |
|
16,544 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
24,000 |
|
- |
|
Other debtors |
14,563 |
|
14,234 |
|
|
|
|
|
|
38,563 |
|
14,234 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
12,555 |
|
492 |
|
Taxation and social security costs |
8,189 |
|
79,238 |
|
Other creditors |
6,577 |
|
886 |
|
|
|
|
|
|
27,321 |
|
80,616 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Stephen Anthony Gray |
|
Directors loan account |
886 |
|
(19,900) |
|
25,591 |
|
6,577 |
|
|
|
886 |
|
(19,900) |
|
25,591 |
|
6,577 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
S.A.G NORTH EAST LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
4 High Street |
|
Stanley |
|
Co Durham |
|
DH9 0DQ |