SG Project Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04936480 (England and Wales)

Unaudited Financial Statements For The Year Ended 30 March 2017

for

SG Project Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

L A Somers

REGISTERED OFFICE:

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

REGISTERED NUMBER:

04936480 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

CURRENT ASSETS

Debtors

4

23,084

10,525

Cash at bank

54,821

24,739

77,905

35,264

CREDITORS

Amounts falling due within one year

5

77,802

35,140

NET CURRENT ASSETS

103

124

TOTAL ASSETS LESS CURRENT
LIABILITIES

103

124

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

7

102

123

SHAREHOLDERS' FUNDS

103

124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 November 2017 and were signed by:

L A Somers - Director

1.	STATUTORY INFORMATION

SG Project 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the directors have considered whether in applying the accounting policies required by

FRS 102 the restatement of comparative items was required, and have determined that no restatements were

required. In accordance with the requirements of FRS 102 a reconciliation of opening balances is therefore not

needed.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and is recognised as the net

invoiced value of goods and services, excluding value added tax. Turnover includes the relevant amount of

future revenue associated with the transactions by reference to the stage of completion of each contract at the

balance sheet date.

Taxation

Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively

enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and

liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the

extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset

to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which

the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or

substantively enacted by the end of the reporting period.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.

Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less

from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting

from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the

obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their

settlement amount after allowing for any trade discounts due.

Long term contract balances

Construction contract revenue and expenses associated with the construction contract, are recognised by

reference to the stage of completion of the contract activity at the end of the reporting period. The stage of

completion of a contract being measured by the completion of a portion of the service contract. Cumulative

turnover represents the amount earned in respect of each long term contract up to the balance sheet date and

includes the relevant amount of future revenue associated with the transactions by reference to the stage of

completion of each contract, excluding revenue collected on behalf of third parties such as sales tax and Vat.

Turnover is compared with total payments on account for each contract. Where turnover exceeds payments on

account the amount is disclosed as "amounts recoverable on contracts" within debtors. Where payments on

account exceed the turnover, the amount is disclosed as "payments on account" within creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.17

30.3.16

£

Trade debtors

-

3,259

Other debtors

7,144

4,246

VAT

15,940

3,020

23,084

10,525

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.17

30.3.16

£

Trade creditors

48,701

30,339

Corporation tax

45

29

Social security and other taxes

8,556

2,772

Other creditors

18,500

-

Accrued expenses

2,000

77,802

35,140

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.3.17

30.3.16

value:

£

1

Ordinary

£1

1

7.

RESERVES

Retained

earnings

£

At 31 March 2016

123

Deficit for the year

(21

)

At 30 March 2017

102

8.	FIRST YEAR ADOPTION

This is the first year that the Company has presented its results under FRS 102. The last financial statements

under previous UK GAAP were for the year ended 30 March 2016 and the date of transition to FRS 102 was 31

March 2015. There were no changes in accounting policies as a result of FRS 102 adoption and therefore no

need for any reconciliation statement.

Transitional relief

On transition to FRS 102, the Company has not needed to take advantage of any transitional reliefs.

SG Project Management Limited - Accounts to registrar (filleted) - small 17.3

SG Project Management Limited - Accounts to registrar (filleted) - small 17.3