Company Registration No. 07425844 (England and Wales)
SGT DEVELOPMENTS LIMITED
Unaudited accounts
for the year ended 31 March 2017
SGT DEVELOPMENTS LIMITED
Unaudited accounts
Contents
SGT DEVELOPMENTS LIMITED
Company Information
for the year ended 31 March 2017
Directors
Trevor Grant
Marcus Steveney
Peter Howard
Company Number
07425844 (England and Wales)
Registered Office
Unit 1V7 Cooper House
2 Michael Road
London
SW6 2AD
UK
SGT DEVELOPMENTS LIMITED
Statement of financial position
as at 31 March 2017
Inventories
14,808
106,130
Cash at bank and in hand
9,628
18,964
Creditors: amounts falling due within one year
(668,535)
(30,122)
Net current assets
4,838
393,086
Total assets less current liabilities
4,838
393,086
Creditors: amounts falling due after more than one year
-
(391,420)
Called up share capital
8
8
Profit and loss account
4,830
1,658
Shareholders' funds
4,838
1,666
For the year ending 31 March 2017 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 directors acknowledge their 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.
Approved by the Board on 31 December 2017.
Trevor Grant
Director
Company Registration No. 07425844
SGT DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2017
SGT DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07425844. The registered office is Unit 1V7 Cooper House, 2 Michael Road, London, SW6 2AD, UK.
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.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Work in progress
14,808
106,130
Trade debtors
200,000
275,000
Other debtors
448,937
23,114
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
41,835
30,122
Loans from directors
626,700
-
SGT DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2017
7
Creditors: amounts falling due after more than one year
2017
2016
Amounts owed to group undertakings and other participating interests
-
391,420
Allotted, called up and fully paid:
8 Ordinary shares of £1 each
8
8
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).