SGS Industrial Services (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05750090 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SGS INDUSTRIAL SERVICES (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms S Ponsold

REGISTERED OFFICE:

17 George Street

St Helens

Merseyside

WA10 1DB

REGISTERED NUMBER:

05750090 (England and Wales)

AUDITORS:

Livesey Spottiswood Ltd

Chartered Accountants and

Statutory Auditors

17 George Street

St Helens

Merseyside

WA10 1DB

FIXED ASSETS

Tangible assets

4

-

12,317

CURRENT ASSETS

Debtors

5

344,750

12,241,303

Cash at bank

1,637,825

260,489

1,982,575

12,501,792

CREDITORS

Amounts falling due within one year

6

(859,130

)

(12,082,887

)

NET CURRENT ASSETS

1,123,445

418,905

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,123,445

431,222

CAPITAL AND RESERVES

Called up share capital

7

100

Share premium

129,634

Retained earnings

993,711

301,488

SHAREHOLDERS' FUNDS

1,123,445

431,222

The 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.

The financial statements were approved by the director and authorised for issue on 13 May 2026 and were signed by:

Ms S Ponsold - Director

1.	STATUTORY INFORMATION

SGS Industrial Services (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies as set out below, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that may have a material effect on the amounts recognised in the financial statements are described below.

Financial outcome of individual contracts - all long term contracts are reviewed on a monthly basis, with particular attention to contract stage of completion, costs to date and costs still to be incurred. Movement in margin is recognised when prudent to do so but immediately in the event there is a foreseeable loss.

In the financial year the company has had two new claims in respect of the work included in sales contracts. The provision in respect of these claims is calculated based on the costs expected to be incurred in settling them.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of value added tax.

When the outcome of a transaction can be estimated reliably, turnover from service and installation work is recognised using the percentage completion method. Amounts recoverable on long-term contracts are included within debtors. Payments on account of long-term contracts are included within creditors.

Where the outcome cannot be measured reliably, the work in progress is valued at cost. Cost includes all direct costs plus an appropriate amount of attributable overhead.

When contract costs are expected to exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

Straight line over 3 years

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against profits on a straight line basis over the periods of the leases. Assets acquired under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated in accordance with the accounting policy on depreciation. The related obligations, net of finance costs allocated to future periods, are included in creditors. Finance costs are charged against profits on a straight line basis over the periods of the contracts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2025

19,112

Disposals

(19,112

)

At 31 December 2025

-

DEPRECIATION

At 1 January 2025

6,795

Charge for year

5,974

Eliminated on disposal

(12,769

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

12,317

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

12,241,084

Amounts due from group companies

5,728

-

Corporation tax

61,067

-

VAT

277,955

-

Prepayments

-

219

344,750

12,241,303

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Payments on account

-

1,778,986

Trade creditors

36,184

3,537,435

Corporation tax

-

9,308

Social security and other

taxes

19,978

1,594,864

Amounts due to group companies

172,670

4,867,373

Accrued expenses

630,298

294,921

859,130

12,082,887

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Andrew McMinnis FCA FCCA (Senior Statutory Auditor)

for and on behalf of Livesey Spottiswood Ltd

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking and controlling party is SGS Industrial Services GmbH a company incorporated in Austria, which is the parent of the smallest and largest group to consolidate these financial statements. Copies of SGS Industrial Services GmbH consolidated financial statements can be obtained from Gewerbepark 1, 4751 Dorf an der Pram, Austria.

10.	PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.