REGISTERED NUMBER: 12536099 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

SGC TELECOM LTD

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTOR:

Mr K M Connolly

REGISTERED OFFICE:

Britannic House

657 Liverpool Road

Irlam

Manchester

Greater Manchester

M44 5XD

REGISTERED NUMBER:

12536099 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

The director presents his report with the financial statements of the company for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Telecommunications Construction

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 April 2025 to the date of this report.

Other changes in directors holding office are as follows:

Mr S Connolly ceased to be a director after 31 March 2026 but prior to the date of this report.

The beneficial interests of the directors holding office at 31 March 2026 in the shares of the company, according to the register of directors' interests, were as follows:

31.3.26

1.4.25

Ordinary shares of £1 each

Mr K M Connolly

1

1

Mr S Connolly

-

-

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr K M Connolly - Director

29 October 2026

FIXED ASSETS

Tangible assets

4

46,497

57,147

CURRENT ASSETS

Stocks

53,918

55,263

Debtors

5

36,902

20,528

Cash at bank

3,422

66

94,242

75,857

CREDITORS

Amounts falling due within one year

6

(229,258

)

(229,214

)

NET CURRENT LIABILITIES

(135,016

)

(153,357

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(88,519

)

(96,210

)

CREDITORS

Amounts falling due after more than one year

7

(3,660

)

(5,490

)

NET LIABILITIES

(92,179

)

(101,700

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(92,180

)

(101,701

)

SHAREHOLDERS' FUNDS

(92,179

)

(101,700

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2026 and were signed by:

Mr K M Connolly - Director

1.	STATUTORY INFORMATION

SGC Telecom Ltd 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.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

41,411

55,535

46

96,992

DEPRECIATION

At 1 April 2025

7,390

32,444

11

39,845

Charge for year

4,868

5,773

9

10,650

At 31 March 2026

12,258

38,217

20

50,495

NET BOOK VALUE

At 31 March 2026

29,153

17,318

26

46,497

At 31 March 2025

34,021

23,091

35

57,147

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

Motor

vehicles

£

COST

Transfer to ownership

20,772

At 31 March 2026

20,772

DEPRECIATION

Charge for year

2,921

Transfer to ownership

9,088

At 31 March 2026

12,009

NET BOOK VALUE

At 31 March 2026

8,763

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

21,734

8,303

Other debtors

15,168

12,225

36,902

20,528

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

18,093

17,112

Hire purchase contracts

3,660

5,490

Trade creditors

9,731

23,360

Taxation and social security

5,236

14,669

Other creditors

192,538

168,583

229,258

229,214

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

3,660

5,490

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Hire purchase contracts

7,320

-

Hire purchase liabilities are secured on the assets to which they relate.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr K M Connolly.