Company registration number 05912760 (England and Wales)
SGC HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
SGC HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mr P J Macarthur
Mr D J Wilson
Company number
05912760
Registered office
Unit 2 Cherry Tree Farm
Wethersfield Road
Sible Hedingham
Halstead
CO9 3LZ
Auditor
Ensors
Saxon House
Moseley's Farm Business Centre
Fornham All Saints
Bury St Edmunds
IP28 6JY
SGC HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 22
SGC HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 1 -

The directors present the strategic report for the year ended 30 September 2025.

Review of the business

The results of the Company for the year as set out on pages 8 to 10 show a profit on ordinary activities before tax of £542,676 (2024: £62,070).

While turnover declined slightly from £10,622,641 to £10,039,227, the directors consider the results for the year and the financial position at the year end to be satisfactory. The directors also consider the year end cash and reserves positions to be sufficient for its ongoing needs.

In this regard, the Company has made significant investments through the appointment of a Commercial Director, well known within the security industry, to support the expansion of its client portfolio, market presence and brand reputation. In addition, a Sales Director with a strong reputation in the CCTV and technical security solutions sector has been appointed, with a view to further developing this area of the business.

With public bodies and authorities increasingly adopting tender-only procurement processes, the Company has also appointed a Bid Manager to ensure continued competitiveness and compliance in this area. This effectively completes the establishment of a new business development function, aimed at increasing turnover and securing further growth opportunities.

With the Quality and Compliance accreditations achieved during the year, the directors remain confident in the Company's future prospects.

Principal risks and uncertainties

In terms of the uncertainties facing the Company, including ongoing inflationary pressures, the directors continue to take active steps to minimise potential risks to its supply chain, together with the risks that may affect turnover, costs and overall profitability.

The Company remains in a healthy cash position. Forecasting indicates that the Company is able to continue to meet its liabilities as they fall due. Further resilience is provided by established relationships with a number of customers and suppliers, which help to spread and mitigate some of the trading risks the Company may face.

However, the directors acknowledge the inherent ongoing uncertainties faced by the Company, in line with those faced by the wide economy as a whole.

Key performance indicators

The directors consider that the Company's key performance indicators to include the level of turnover, which has decreased from £10,622,641 to £10,039,227 and gross profit, which has increased from £2,127,556 to £2,238,174.

Cash reserves have been well managed and although cash has decreased to £575,992 (2024: £1,184,290), the directors consider the year end bank position to be comfortable and that adequate finance remains available to take advantage of further business opportunities.

On behalf of the board

Mr P J Macarthur
Director
10 April 2026
SGC HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -

The directors present their annual report and financial statements for the year ended 30 September 2025.

Principal activities

The principal activity of the company continued to be that of providing the supply of security services and facilities management.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £710,000. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr P J Macarthur
Mr D J Wilson
Financial instruments

The directors regularly review and manage the financial risk management objective and polices associated with the company's activities. The Company's principal financial instruments include instruments to manage all material risk that arise from the Company's operations. In accordance with the company's treasury policy, financial instruments are not entered into for speculative purposes.

Liquidity and cash flow risk

The company manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring that the company has sufficient liquid resources to meet the operating needs of the business.

Credit risk

Cash deposits are only made through bank and companies whose credit rating is considered to be satisfactory by the directors.

All customers who wish to trade on credit terms are subject to credit verification procedures. The company has a bank invoice discounting facility which is secured over the trade debtors of the company. Trade debtors are reviewed on a regular basis and provision is made for doubtful debts when necessary.

Price risk

Prices of both items purchased and sold are regularly reviewed and any potential risks are mitigated as soon as foreseen.

Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the company continues and that the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement

Our people are key to our success, and we want them to be successful individually and as a team. Our key areas of focus include health and safety, well-being, providing them with relevant development opportunities and rewards for strong performance. We encourage dialogue and engagement throughout the business and reports from these discussions are made to management ensuring consideration is given to colleague needs.

SGC HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
Auditor

On 1 September 2025 our auditors, Ensors Accountants LLP, merged with Azets Audit Services Limited. Accordingly Ensors Accountants LLP formally resigned as the company’s auditors with the directors duly appointing Azets Audit Services Limited, trading as Ensors to fill the vacancy arising.

The auditor, Azets Audit Services Limited, trading as Ensors will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
Mr P J Macarthur
Director
10 April 2026
SGC HOLDINGS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SGC HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SGC HOLDINGS LIMITED
- 5 -
Opinion

We have audited the financial statements of SGC Holdings Limited (the 'company') for the year ended 30 September 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

SGC HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SGC HOLDINGS LIMITED (CONTINUED)
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

SGC HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SGC HOLDINGS LIMITED (CONTINUED)
- 7 -

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Barrett (Senior Statutory Auditor)
For and on behalf of Ensors, Statutory Auditor
Chartered Accountants
Saxon House
Moseley's Farm Business Centre
Fornham All Saints
Bury St Edmunds
IP28 6JY
10 April 2026
SGC HOLDINGS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
10,039,227
10,622,641
Cost of sales
(7,801,053)
(8,495,085)
Gross profit
2,238,174
2,127,556
Administrative expenses
(1,694,523)
(2,073,329)
Other operating (expenses)/income
(1,005)
7,527
Operating profit
4
542,646
61,754
Interest receivable and similar income
8
30
316
Profit before taxation
542,676
62,070
Tax on profit
9
(139,509)
(46,793)
Profit for the financial year
403,167
15,277

The profit and loss account has been prepared on the basis that all operations are continuing operations.

SGC HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
78,285
127,117
Current assets
Debtors
12
1,706,734
1,936,698
Cash at bank and in hand
575,992
1,184,290
2,282,726
3,120,988
Creditors: amounts falling due within one year
13
(1,109,571)
(1,512,400)
Net current assets
1,173,155
1,608,588
Total assets less current liabilities
1,251,440
1,735,705
Provisions for liabilities
Deferred tax liability
15
-
0
7,432
-
(7,432)
Net assets
1,251,440
1,728,273
Capital and reserves
Called up share capital
17
100
100
Profit and loss reserves
18
1,251,340
1,728,173
Total equity
1,251,440
1,728,273
The financial statements were approved by the board of directors and authorised for issue on 10 April 2026 and are signed on its behalf by:
Mr P J Macarthur
Director
Company registration number 05912760 (England and Wales)
SGC HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 10 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 October 2023
100
1,872,896
1,872,996
Year ended 30 September 2024:
Profit and total comprehensive income
-
15,277
15,277
Dividends
10
-
(160,000)
(160,000)
Balance at 30 September 2024
100
1,728,173
1,728,273
Year ended 30 September 2025:
Profit and total comprehensive income
-
403,167
403,167
Dividends
10
-
(710,000)
(710,000)
Redemption of shares
17
-
0
(170,000)
(170,000)
Balance at 30 September 2025
100
1,251,340
1,251,440
SGC HOLDINGS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
23
653,918
1,207,676
Income taxes paid
(45,235)
(149,772)
Net cash inflow from operating activities
608,683
1,057,904
Investing activities
Purchase of tangible fixed assets
(28,992)
(16,611)
Interest received
30
316
Net cash used in investing activities
(28,962)
(16,295)
Financing activities
Redemption of shares
(170,000)
-
0
Increase / (decrease) in invoice discounting
(308,019)
(573,363)
Dividends paid
(710,000)
(160,000)
Net cash used in financing activities
(1,188,019)
(733,363)
Net (decrease)/increase in cash and cash equivalents
(608,298)
308,246
Cash and cash equivalents at beginning of year
1,184,290
876,044
Cash and cash equivalents at end of year
575,992
1,184,290
SGC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 12 -
1
Accounting policies
Company information

SGC Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2 Cherry Tree Farm, Wethersfield Road, Sible Hedingham, Halstead, CO9 3LZ. The company registration number is 0591270.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

Revenue from contracts for the provision of a services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probably the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Over the term of the lease
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SGC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 13 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

SGC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 14 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

SGC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 15 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

SGC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 16 -
As lessor

When the company acts as a lessor, a lease is classified as a finance lease whenever it transfers substantially all the risks and rewards of ownership of the underlying asset to the lessee, either at the end of the lease term or for the major part of the economic life of the asset. All other leases are classified as operating leases. If an arrangement contains both lease and non-lease components, the company allocates the consideration in the contract to the two elements.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Sales
10,039,227
10,622,641
2025
2024
£
£
Other revenue
Interest income
30
316

All turnover arose in the United Kingdom

4
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Depreciation of tangible fixed assets
22,226
24,189
Loss on disposal of tangible fixed assets
55,598
-
Operating lease charges
197,692
260,165
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
16,300
14,600
SGC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 17 -
6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Directors
2
2
Management
4
7
Administration
6
10
Officers
235
239
Total
247
258

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
3,915,189
4,169,839
Social security costs
413,773
363,950
Pension costs
54,690
66,915
4,383,652
4,600,704
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
70,000
184,838
Company pension contributions to defined contribution schemes
1,313
1,317
71,313
186,155

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2024 - 1).

8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
-
0
316
Other interest income
30
-
0
Total income
30
316
SGC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
8
Interest receivable and similar income
(Continued)
- 18 -
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
-
0
316
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
151,000
46,774
Adjustments in respect of prior periods
(1,059)
-
0
Total current tax
149,941
46,774
Deferred tax
Origination and reversal of timing differences
(10,432)
19
Total tax charge
139,509
46,793

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
542,676
62,070
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
135,669
15,518
Tax effect of expenses that are not deductible in determining taxable profit
4,966
30,371
Under/(over) provided in prior years
(1,059)
194
Other adjustments
(67)
710
Taxation charge for the year
139,509
46,793
10
Dividends
2025
2024
£
£
Interim paid
710,000
160,000
SGC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 19 -
11
Tangible fixed assets
Freehold land and buildings
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 October 2024
41,838
18,225
18,794
186,843
75,127
340,827
Additions
-
0
-
0
-
0
17,992
11,000
28,992
Disposals
(41,838)
(1,690)
(5,566)
(29,873)
(5,211)
(84,178)
At 30 September 2025
-
0
16,535
13,228
174,962
80,916
285,641
Depreciation and impairment
At 1 October 2024
3,636
18,225
14,079
139,182
38,588
213,710
Depreciation charged in the year
-
0
-
0
931
9,737
11,558
22,226
Eliminated in respect of disposals
(3,636)
(1,690)
(4,574)
(14,777)
(3,903)
(28,580)
At 30 September 2025
-
0
16,535
10,436
134,142
46,243
207,356
Carrying amount
At 30 September 2025
-
0
-
2,792
40,820
34,673
78,285
At 30 September 2024
38,202
-
0
4,715
47,661
36,539
127,117
12
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,626,759
1,829,561
Other debtors
7,429
3,589
Prepayments and accrued income
69,546
103,548
1,703,734
1,936,698
Deferred tax asset (note 15)
3,000
-
0
1,706,734
1,936,698
SGC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 20 -
13
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Other borrowings
14
-
0
243,837
Trade creditors
416,769
667,725
Corporation tax
151,000
46,294
Other taxation and social security
389,229
439,755
Other creditors
20,572
34,166
Accruals and deferred income
132,001
80,623
1,109,571
1,512,400
14
Loans and overdrafts
2025
2024
£
£
Other loans
-
0
243,837
Payable within one year
-
0
243,837

Other loans relates to bank invoice discounting which is secured over the trade debtors of the company.

15
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
Assets
Assets
2025
2024
2025
2024
Balances:
£
£
£
£
Accelerated capital allowances
-
8,910
2,000
-
Retirement benefit obligations
-
(1,478)
1,000
-
-
7,432
3,000
-
2025
Movements in the year:
£
Liability at 1 October 2024
7,432
Credit to profit or loss
(10,432)
Asset at 30 September 2025
(3,000)

The deferred tax asset set out above is expected to reverse to reverse out in line with the depreciation rates used.

SGC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 21 -
16
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
54,690
66,915

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

17
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
18
Profit and loss reserves

This reserve includes all current and prior period retained profits and losses.

19
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
92,564
187,355
Years 2-5
129,690
215,835
After 5 years
124,579
96,730
346,833
499,920
20
Related party transactions
Transactions with related parties
Equity transaction
2025
2024
£
£
Other related parties
170,000
-

During the year the company entered into transactions with a related party company in which a director of the company also serves as a director. The total value of transactions during the year amounted to £11,302 (2024: £nil).

During the year the Company paid wages to close family members of the directors amount to £23,914 (2024: £34,065)

SGC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
20
Related party transactions
(Continued)
- 22 -

During the year transactions have taken place with a company under common control. The balance owed at 30 September 2025 was £11,040 (2024 - £nil). No intercompany loan balances were written off during the year (2024: £100,634).

21
Directors' transactions

Dividends totalling £710,000 (2024 - £160,000) were paid in the year in respect of shares held by one of the company's directors.

22
Ultimate controlling party

The company was under the control of Mr P J Macarthur, being the majority shareholder, through the current and previous year.

23
Cash generated from operations
2025
2024
£
£
Profit after taxation
403,167
15,277
Adjustments for:
Taxation charged
139,509
46,793
Investment income
(30)
(316)
Loss on disposal of tangible fixed assets
55,598
-
Depreciation and impairment of tangible fixed assets
22,226
24,189
Movements in working capital:
Decrease in debtors
297,146
972,644
(Decrease)/increase in creditors
(263,698)
149,089
Cash generated from operations
653,918
1,207,676
24
Analysis of changes in net funds
1 October 2024
Cash flows
30 September 2025
£
£
£
Cash at bank and in hand
1,184,290
(608,298)
575,992
Borrowings excluding overdrafts
(243,837)
243,837
-
940,453
(364,461)
575,992
2025-09-30 2024-10-01 false false false CCH Software CCH Accounts Production 2026.100 Mr P J Macarthur Mr D J Wilson 05912760 2024-10-01 2025-09-30 05912760 bus:Director1 2024-10-01 2025-09-30 05912760 bus:Director2 2024-10-01 2025-09-30 05912760 bus:RegisteredOffice 2024-10-01 2025-09-30 05912760 2025-09-30 05912760 2023-10-01 2024-09-30 05912760 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 05912760 core:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 05912760 2024-09-30 05912760 core:LandBuildings core:OwnedOrFreeholdAssets 2025-09-30 05912760 core:PlantMachinery 2025-09-30 05912760 core:FurnitureFittings 2025-09-30 05912760 core:MotorVehicles 2025-09-30 05912760 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 05912760 core:LandBuildings 2024-09-30 05912760 core:PlantMachinery 2024-09-30 05912760 core:FurnitureFittings 2024-09-30 05912760 core:MotorVehicles 2024-09-30 05912760 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 05912760 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 05912760 core:ShareCapital 2025-09-30 05912760 core:ShareCapital 2024-09-30 05912760 core:RetainedEarningsAccumulatedLosses 2025-09-30 05912760 core:RetainedEarningsAccumulatedLosses 2024-09-30 05912760 core:ShareCapital 2023-09-30 05912760 core:RetainedEarningsAccumulatedLosses 2023-09-30 05912760 core:ShareCapitalOrdinaryShareClass1 2025-09-30 05912760 core:ShareCapitalOrdinaryShareClass1 2024-09-30 05912760 core:ShareCapital 2024-10-01 2025-09-30 05912760 2024-09-30 05912760 2023-09-30 05912760 core:LandBuildings core:LongLeaseholdAssets 2024-10-01 2025-09-30 05912760 core:PlantMachinery 2024-10-01 2025-09-30 05912760 core:FurnitureFittings 2024-10-01 2025-09-30 05912760 core:MotorVehicles 2024-10-01 2025-09-30 05912760 core:UKTax 2024-10-01 2025-09-30 05912760 core:UKTax 2023-10-01 2024-09-30 05912760 1 2024-10-01 2025-09-30 05912760 1 2023-10-01 2024-09-30 05912760 2 2024-10-01 2025-09-30 05912760 2 2023-10-01 2024-09-30 05912760 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 05912760 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-09-30 05912760 core:PlantMachinery 2024-09-30 05912760 core:FurnitureFittings 2024-09-30 05912760 core:MotorVehicles 2024-09-30 05912760 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-09-30 05912760 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 05912760 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-10-01 2025-09-30 05912760 core:CurrentFinancialInstruments 2025-09-30 05912760 core:CurrentFinancialInstruments 2024-09-30 05912760 core:WithinOneYear 2025-09-30 05912760 core:WithinOneYear 2024-09-30 05912760 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 05912760 bus:OrdinaryShareClass1 2025-09-30 05912760 bus:OrdinaryShareClass1 2024-09-30 05912760 core:BetweenTwoFiveYears 2025-09-30 05912760 core:BetweenTwoFiveYears 2024-09-30 05912760 core:MoreThanFiveYears 2025-09-30 05912760 core:MoreThanFiveYears 2024-09-30 05912760 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 05912760 bus:FRS102 2024-10-01 2025-09-30 05912760 bus:Audited 2024-10-01 2025-09-30 05912760 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP