2021-01-012021-12-312021-12-31false05301353SIDHU & SIMON LIMITED2022-09-02iso4217:GBPxbrli:pure053013532021-01-01053013532021-12-31053013532021-01-012021-12-31053013532020-01-01053013532020-12-31053013532020-01-012020-12-3105301353bus:SmallEntities2021-01-012021-12-3105301353bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3105301353bus:AbridgedAccounts2021-01-012021-12-3105301353bus:PrivateLimitedCompanyLtd2021-01-012021-12-3105301353core:WithinOneYear2021-12-3105301353core:AfterOneYear2021-12-3105301353core:WithinOneYear2020-12-3105301353core:AfterOneYear2020-12-3105301353core:ShareCapital2021-12-3105301353core:SharePremium2021-12-3105301353core:RevaluationReserve2021-12-3105301353core:OtherReservesSubtotal2021-12-3105301353core:RetainedEarningsAccumulatedLosses2021-12-3105301353core:ShareCapital2020-12-3105301353core:SharePremium2020-12-3105301353core:RevaluationReserve2020-12-3105301353core:OtherReservesSubtotal2020-12-3105301353core:RetainedEarningsAccumulatedLosses2020-12-3105301353core:LandBuildings2021-12-3105301353core:PlantMachinery2021-12-3105301353core:Vehicles2021-12-3105301353core:FurnitureFittings2021-12-3105301353core:OfficeEquipment2021-12-3105301353core:NetGoodwill2021-12-3105301353core:IntangibleAssetsOtherThanGoodwill2021-12-3105301353core:ListedExchangeTraded2021-12-3105301353core:UnlistedNon-exchangeTraded2021-12-3105301353core:LandBuildings2020-12-3105301353core:PlantMachinery2020-12-3105301353core:Vehicles2020-12-3105301353core:FurnitureFittings2020-12-3105301353core:OfficeEquipment2020-12-3105301353core:NetGoodwill2020-12-3105301353core:IntangibleAssetsOtherThanGoodwill2020-12-3105301353core:ListedExchangeTraded2020-12-3105301353core:UnlistedNon-exchangeTraded2020-12-3105301353core:LandBuildings2021-01-012021-12-3105301353core:PlantMachinery2021-01-012021-12-3105301353core:Vehicles2021-01-012021-12-3105301353core:FurnitureFittings2021-01-012021-12-3105301353core:OfficeEquipment2021-01-012021-12-3105301353core:NetGoodwill2021-01-012021-12-3105301353core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3105301353core:ListedExchangeTraded2021-01-012021-12-3105301353core:UnlistedNon-exchangeTraded2021-01-012021-12-3105301353core:MoreThanFiveYears2021-01-012021-12-3105301353core:Non-currentFinancialInstruments2021-12-3105301353core:Non-currentFinancialInstruments2020-12-3105301353dpl:CostSales2021-01-012021-12-3105301353dpl:DistributionCosts2021-01-012021-12-3105301353dpl:AdministrativeExpenses2021-01-012021-12-3105301353core:LandBuildings2021-01-012021-12-3105301353core:PlantMachinery2021-01-012021-12-3105301353core:Vehicles2021-01-012021-12-3105301353core:FurnitureFittings2021-01-012021-12-3105301353core:OfficeEquipment2021-01-012021-12-3105301353core:NetGoodwill2021-01-012021-12-3105301353core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3105301353dpl:GroupUndertakings2021-01-012021-12-3105301353dpl:ParticipatingInterests2021-01-012021-12-3105301353dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3105301353core:ListedExchangeTraded2021-01-012021-12-3105301353dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3105301353core:UnlistedNon-exchangeTraded2021-01-012021-12-3105301353dpl:CostSales2020-01-012020-12-3105301353dpl:DistributionCosts2020-01-012020-12-3105301353dpl:AdministrativeExpenses2020-01-012020-12-3105301353core:LandBuildings2020-01-012020-12-3105301353core:PlantMachinery2020-01-012020-12-3105301353core:Vehicles2020-01-012020-12-3105301353core:FurnitureFittings2020-01-012020-12-3105301353core:OfficeEquipment2020-01-012020-12-3105301353core:NetGoodwill2020-01-012020-12-3105301353core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3105301353dpl:GroupUndertakings2020-01-012020-12-3105301353dpl:ParticipatingInterests2020-01-012020-12-3105301353dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3105301353core:ListedExchangeTraded2020-01-012020-12-3105301353dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3105301353core:UnlistedNon-exchangeTraded2020-01-012020-12-3105301353core:NetGoodwill2021-12-3105301353core:IntangibleAssetsOtherThanGoodwill2021-12-3105301353core:LandBuildings2021-12-3105301353core:PlantMachinery2021-12-3105301353core:Vehicles2021-12-3105301353core:FurnitureFittings2021-12-3105301353core:OfficeEquipment2021-12-3105301353core:AfterOneYear2021-12-3105301353core:WithinOneYear2021-12-3105301353core:ListedExchangeTraded2021-12-3105301353core:UnlistedNon-exchangeTraded2021-12-3105301353core:ShareCapital2021-12-3105301353core:SharePremium2021-12-3105301353core:RevaluationReserve2021-12-3105301353core:OtherReservesSubtotal2021-12-3105301353core:RetainedEarningsAccumulatedLosses2021-12-3105301353core:NetGoodwill2020-12-3105301353core:IntangibleAssetsOtherThanGoodwill2020-12-3105301353core:LandBuildings2020-12-3105301353core:PlantMachinery2020-12-3105301353core:Vehicles2020-12-3105301353core:FurnitureFittings2020-12-3105301353core:OfficeEquipment2020-12-3105301353core:AfterOneYear2020-12-3105301353core:WithinOneYear2020-12-3105301353core:Listed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SIDHU & SIMON LIMITED

Registered Number
05301353
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

SIDHU & SIMON LIMITED
Company Information
for the year from 1 January 2021 to 31 December 2021

Directors

SIDHU, Navdeep

Registered Address

36 Upper Brook Street
Mayfair
London
W1K 7QJ

Registered Number

05301353 (England and Wales)
SIDHU & SIMON LIMITED
Statement of Financial Position
31 December 2021

Notes

2021

2020

£

£

£

£

Fixed assets
Intangible assets61,8131,998
Tangible assets735,5035,678
37,3167,676
Current assets
Debtors1012,29746,236
Cash at bank and on hand677,148362,951
689,445409,187
Creditors amounts falling due within one year11(394,414)(221,814)
Net current assets (liabilities)295,031187,373
Total assets less current liabilities332,347195,049
Net assets332,347195,049
Capital and reserves
Called up share capital500500
Other reserves500500
Profit and loss account331,347194,049
Shareholders' funds332,347195,049
The financial statements were approved and authorised for issue by the Director on 2 September 2022, and are signed on its behalf by:
SIDHU, Navdeep
Director
Registered Company No. 05301353
SIDHU & SIMON LIMITED
Notes to the Financial Statements
for the year ended 31 December 2021

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company's principle activity is the provision of public relations and media communications services.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Office Equipment4
Intangible assets policy
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Government grants and other government assistance policy
During the year, the company benefitted from a total CJRS Government grant of £0 (£26,126.32 prior year) shown in other income. This is measured on an accruals basis, matching the claim to the period of time it relates to. The company confirms that all funds were used to pay staff and that the criteria for claiming the grant was adhered to.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Valuation of financial instruments policy
Financial assets measured at fair value through profit or loss comprise of cash at bank.
5.Employee information

20212020
Average number of employees during the year-1
6.Intangible assets

Total

£
Cost or valuation
At 01 January 2128,781
Additions2,000
At 31 December 2130,781
Amortisation and impairment
At 01 January 2126,782
Charge for year2,186
At 31 December 2128,968
Net book value
At 31 December 211,813
At 31 December 201,998
7.Property, plant and equipment

Total

£
Cost or valuation
At 01 January 2177,745
Additions33,540
At 31 December 21111,285
Depreciation and impairment
At 01 January 2172,067
Charge for year3,715
At 31 December 2175,782
Net book value
At 31 December 2135,503
At 31 December 205,678
8.Directors benefits

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
SIDHU, Navdeep44,284044,2840
Loan fully repaid
44,284044,2840
During the year, a director repaid a short-term loan to the company amounting to £44,284.
9.Dividends proposed and payable

2021

2020

££
Dividends Paid182,933425,386
Total182,933425,386
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
10.Debtors

2021

2020

££
Other debtors6,52745,321
Prepayments and accrued income5,770915
Total12,29746,236
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
11.Creditors within one year

2021

2020

££
Trade creditors / trade payables39,13742,136
Bank borrowings and overdrafts-50,000
Taxation and social security77,095106,413
Other creditors2572,006
Accrued liabilities and deferred income277,92521,259
Total394,414221,814
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.