Sga Project & Cost Management Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03839079 (England and Wales)

Unaudited Financial Statements

for the Period 6 April 2021 to 31 March 2022

for

Sga Project & Cost Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Green

REGISTERED OFFICE:

The Courtyard

19 High Street

Pershore

Worcestershire

WR10 1AA

REGISTERED NUMBER:

03839079 (England and Wales)

ACCOUNTANTS:

Taylor Hobbs

Cherry Tree Barn

Walcot Lane

Drakes Broughton

Pershore

Worcestershire

WR10 2AL

FIXED ASSETS

Tangible assets

4

3,903

5,203

CURRENT ASSETS

Stocks

-

873

Debtors

5

269,312

137,149

Cash at bank

9,035

59,675

278,347

197,697

CREDITORS

Amounts falling due within one year

6

194,690

109,891

NET CURRENT ASSETS

83,657

87,806

TOTAL ASSETS LESS CURRENT LIABILITIES

87,560

93,009

CREDITORS

Amounts falling due after more than one year

7

(40,496

)

(45,000

)

PROVISIONS FOR LIABILITIES

(742

)

(945

)

NET ASSETS

46,322

47,064

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

46,122

46,864

SHAREHOLDERS' FUNDS

46,322

47,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 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 27 January 2023 and were signed by:

S Green - Director

1.	STATUTORY INFORMATION

Sga Project & Cost Management Limited 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% 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.

Taxation

Taxation for the period 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 period 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

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 period was 3 (2021 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 6 April 2021

and 31 March 2022

42,505

DEPRECIATION

At 6 April 2021

37,302

Charge for period

1,300

At 31 March 2022

38,602

NET BOOK VALUE

At 31 March 2022

3,903

At 5 April 2021

5,203

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

5.4.21

£

£

Trade debtors

115,561

31,148

Amounts owed by group undertakings

68,107

60,214

VAT

-

36,989

Prepayments

85,644

8,798

269,312

137,149

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

5.4.21

£

£

Bank loans and overdrafts

10,124

5,000

Trade creditors

23,686

35,423

Amounts owed to group undertakings

67,482

45,017

Taxation and social security

29,425

19,757

Other creditors

63,973

4,694

194,690

109,891

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

5.4.21

£

£

Bank loans

40,496

45,000

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is SGA Group (Pershore) Limited, a company registered in England and Wales.

The ultimate controlling party is Mr Stuart Green, by virtue of their controlling interest in the ultimate parent company.