Company Registration No. 15553826 (England and Wales)
Segmarg Ltd
Unaudited accounts
for the year ended 31 March 2026
Segmarg Ltd
Unaudited accounts
Contents
Segmarg Ltd
Company Information
for the year ended 31 March 2026
Directors
OLAYODE, Ibukun Abraham
Ibukun Abraham OLAYODE
THOMAS, Akinkunmi
Company Number
15553826 (England and Wales)
Registered Office
Unit 5 Shopping Park Millers Road
Fossway
Newcastle Upon Tyne
NE6 2XP
United Kingdom
Segmarg Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
2,625
4,125
Cash at bank and in hand
39,516
6,746
Creditors: amounts falling due within one year
(22,656)
(5,217)
Net current assets
27,746
8,164
Total assets less current liabilities
60,371
42,289
Creditors: amounts falling due after more than one year
(17,318)
(29,056)
Called up share capital
1
1
Profit and loss account
43,052
13,232
Shareholders' funds
43,053
13,233
For the year ending 31 March 2026 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 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 14 April 2026 and were signed on its behalf by
OLAYODE, Ibukun Abraham
Director
Company Registration No. 15553826
Segmarg Ltd
Notes to the Accounts
for the year ended 31 March 2026
Segmarg Ltd is a private company, limited by shares, registered in England and Wales, registration number 15553826. The registered office is Unit 5 Shopping Park Millers Road, Fossway, Newcastle Upon Tyne, NE6 2XP, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
4
Tangible fixed assets
Motor vehicles
Segmarg Ltd
Notes to the Accounts
for the year ended 31 March 2026
5
Investments
Other investments
Valuation at 1 April 2025
30,000
Valuation at 31 March 2026
30,000
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
328
-
Taxes and social security
9,546
3,653
Loans from directors
-
1,079
8
Creditors: amounts falling due after more than one year
2026
2025
Other creditors
14,018
22,556
Loans from directors
3,300
6,500
9
Average number of employees
During the year the average number of employees was 3 (2025: 3).