Sgaro Limited - Accounts to registrar (filleted) - small 18.2
Sgaro Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2018 |
| for |
| Sgaro Limited |
| Sgaro Limited (Registered number: 07238433) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Sgaro Limited |
| Company Information |
| for the Year Ended 31 October 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1st Floor |
| 314 Regents Park Road |
| Finchley |
| London |
| N3 2LT |
| Sgaro Limited (Registered number: 07238433) |
| Statement of Financial Position |
| 31 October 2018 |
| 31.10.18 | 31.10.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| ACCRUALS AND DEFERRED INCOME |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Sgaro Limited (Registered number: 07238433) |
| Statement of Financial Position - continued |
| 31 October 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Sgaro Limited (Registered number: 07238433) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2018 |
| 1. | STATUTORY INFORMATION |
| Sgaro Limited is a |
| 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 |
| 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 |
| As the company sold its operation, no depreciation provided for the year. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 November 2017 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 October 2018 |
| DEPRECIATION |
| At 1 November 2017 |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 October 2018 |
| NET BOOK VALUE |
| At 31 October 2018 |
| At 31 October 2017 |
| Sgaro Limited (Registered number: 07238433) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes | ( |
) |
| VAT | 14,282 | 47,874 |
| Other creditors |
| Directors' current accounts | - | 278 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At 1 November 2017 the directors' loan account balance had a credit balance of £279. During the year, |
| the director withdrew £279 from the company. As a result at the end of the year £Nil balance owed to |
| the directors. |
| 8. | RELATED PARTY DISCLOSURES |
| The company was owed £262,277 to a connected company, Oaktone Limited, a company registered in |
| England and Wales. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is the director, Mr G Sgariglia, by virtue of holding 60% of the issued |
| share capital. |