Company Registration No. SC708156 (Scotland)
S.G.C. Customs Ltd
Unaudited accounts
for the year ended 31 August 2025
S.G.C. Customs Ltd
Unaudited accounts
Contents
S.G.C. Customs Ltd
Company Information
for the year ended 31 August 2025
Director
Samuel George Cornish
Company Number
SC708156 (Scotland)
Registered Office
19 Abbey Road
Dalkeith
EH22 3AD
Scotland
S.G.C. Customs Ltd
Statement of financial position
as at 31 August 2025
Tangible assets
27,041
15,717
Cash at bank and in hand
1,679
3,044
Creditors: amounts falling due within one year
(53,779)
(28,259)
Net current liabilities
(48,391)
(14,402)
Total assets less current liabilities
(21,350)
1,315
Provisions for liabilities
Deferred tax
(5,138)
(2,986)
Net liabilities
(26,488)
(1,671)
Called up share capital
200
100
Share premium
29,930
9,975
Profit and loss account
(56,618)
(11,746)
Shareholders' funds
(26,488)
(1,671)
For the year ending 31 August 2025 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 director acknowledges his 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 and authorised for issue on 28 August 2026 and were signed on its behalf by
Samuel George Cornish
Director
Company Registration No. SC708156
S.G.C. Customs Ltd
Notes to the Accounts
for the year ended 31 August 2025
S.G.C. Customs Ltd is a private company, limited by shares, registered in Scotland, registration number SC708156. The registered office is 19 Abbey Road, Dalkeith, EH22 3AD, Scotland.
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:
Land & buildings
5 years straight line
Plant & machinery
5 years straight line
Motor vehicles
5 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.
S.G.C. Customs Ltd
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
-
11,600
11,030
22,630
Additions
18,239
-
-
18,239
At 31 August 2025
18,239
11,600
11,030
40,869
At 1 September 2024
-
2,320
4,593
6,913
Charge for the year
2,389
2,320
2,206
6,915
At 31 August 2025
2,389
4,640
6,799
13,828
At 31 August 2025
15,850
6,960
4,231
27,041
At 31 August 2024
-
9,280
6,437
15,717
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
56
16
Other creditors
51,563
26,083
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
(18,270)
24,626
19,592
(13,236)
(18,270)
24,626
19,592
(13,236)
Included within other creditors include an amount owed to the Director by the Company. The amount due at year end was £13,236 (2024: £18,270) and is repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).