REGISTERED NUMBER: SC335348 (Scotland)

Financial Statements For The Year Ended 30 November 2025

for

SGS Group (North) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

B Hamilton

Mrs M Hamilton

SECRETARY:

Mrs M Hamilton

REGISTERED OFFICE:

7 Barraston Holdings

Torrance

Glasgow

G64 4DW

REGISTERED NUMBER:

SC335348 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

528,596

501,005

CURRENT ASSETS

Stocks

37,825

41,190

Debtors

5

183,287

415,453

Cash at bank

367,053

269,158

588,165

725,801

CREDITORS

Amounts falling due within one year

6

472,761

601,804

NET CURRENT ASSETS

115,404

123,997

TOTAL ASSETS LESS CURRENT LIABILITIES

644,000

625,002

CREDITORS

Amounts falling due after more than one year

7

(96,244

)

(146,502

)

PROVISIONS FOR LIABILITIES

(117,862

)

(114,538

)

NET ASSETS

429,894

363,962

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

429,794

363,862

SHAREHOLDERS' FUNDS

429,894

363,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

Mrs M Hamilton - Director

1.	STATUTORY INFORMATION

SGS Group (North) Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Fixed plant and equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixed

Fixtures

to

plant and

and

Motor

property

equipment

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 December 2024

54,000

723,677

13,077

314,417

1,105,171

Additions

-

162,474

-

23,856

186,330

Disposals

-

-

-

(108,569

)

(108,569

)

At 30 November 2025

54,000

886,151

13,077

229,704

1,182,932

DEPRECIATION

At 1 December 2024

16,200

451,144

11,348

125,474

604,166

Charge for year

5,400

81,446

432

41,168

128,446

Eliminated on disposal

-

-

-

(78,276

)

(78,276

)

At 30 November 2025

21,600

532,590

11,780

88,366

654,336

NET BOOK VALUE

At 30 November 2025

32,400

353,561

1,297

141,338

528,596

At 30 November 2024

37,800

272,533

1,729

188,943

501,005

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixed

plant and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 December 2024

164,249

150,462

314,711

Additions

54,604

23,856

78,460

Transfer to ownership

(5,350

)

-

(5,350

)

Reclassification/transfer

-

26,790

26,790

At 30 November 2025

213,503

201,108

414,611

DEPRECIATION

At 1 December 2024

40,175

37,022

77,197

Charge for year

36,907

31,336

68,243

Transfer to ownership

(3,030

)

-

(3,030

)

At 30 November 2025

74,052

68,358

142,410

NET BOOK VALUE

At 30 November 2025

139,451

132,750

272,201

At 30 November 2024

124,074

113,440

237,514

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

114,375

260,122

Amounts recovered on contract

48,637

130,200

Other debtors

1,500

1,500

VAT

17,782

22,693

Prepayments

993

938

183,287

415,453

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

20,544

Hire purchase contracts (see note 8)

129,099

75,825

Trade creditors

218,743

342,989

Tax

64,914

45,352

Social security and other taxes

12,225

24,065

Other creditors

2,554

4,297

Directors' current accounts

566

21,664

Accruals and deferred income

44,660

67,068

472,761

601,804

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

96,244

146,502

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

129,099

75,825

Between one and five years

96,244

146,502

225,343

222,327

Non-cancellable

operating leases

2025

2024

£

£

Within one year

13,620

14,874

Between one and five years

37,455

51,075

51,075

65,949

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

20,544

Hire purchase contracts

225,343

222,327

225,343

242,871

Clydesdale Bank PLC hold a floating charge over all of the company's property, assets and rights.