Company Registration No. 08052288 (England and Wales)
S.G. TRANSMISSIONS LIMITED
Unaudited accounts
for the year ended 31 May 2018
S.G. TRANSMISSIONS LIMITED
Unaudited accounts
Contents
S.G. TRANSMISSIONS LIMITED
Company Information
for the year ended 31 May 2018
Company Number
08052288 (England and Wales)
Registered Office
21 - 23
COTTON LANE
DERBY
DE24 8GG
Accountants
M Aslam Accountants
259 Mansfield Road
Nottingham
NG1 3FT
S.G. TRANSMISSIONS LIMITED
Statement of financial position
as at 31 May 2018
Intangible assets
30,000
30,000
Tangible assets
84,289
84,993
Cash at bank and in hand
68,506
285,252
Creditors: amounts falling due within one year
(25,064)
(27,417)
Net current assets
151,442
265,035
Total assets less current liabilities
265,731
380,028
Creditors: amounts falling due after more than one year
(61,902)
(174,695)
Net assets
203,829
205,333
Called up share capital
100
100
Profit and loss account
203,729
205,233
Shareholders' funds
203,829
205,333
For the year ending 31 May 2018 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 director acknowledges his 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 23 August 2018.
Mr Shaun Thomas
Director
Company Registration No. 08052288
S.G. TRANSMISSIONS LIMITED
Notes to the Accounts
for the year ended 31 May 2018
S.G. TRANSMISSIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08052288. The registered office is 21 - 23, COTTON LANE, DERBY, DE24 8GG.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line basis
Motor vehicles
25% straight line basis
Fixtures & fittings
15% straight line basis
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
S.G. TRANSMISSIONS LIMITED
Notes to the Accounts
for the year ended 31 May 2018
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2017
83,508
3,815
13,228
100,551
At 31 May 2018
83,508
3,815
13,228
100,551
At 1 June 2017
-
2,860
12,698
15,558
Charge for the year
-
572
132
704
At 31 May 2018
-
3,432
12,830
16,262
At 31 May 2018
83,508
383
398
84,289
At 31 May 2017
83,508
955
530
84,993
Finished goods
8,000
7,200
8
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
23,464
19,544
Other creditors
1,600
7,873
9
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
61,902
174,695
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 1 (2017: 1).
