Registered number
09154712
Sidican Limited
Filleted Accounts
31 January 2023
Sidican Limited
Registered number: 09154712
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,417 963
Current assets
Debtors 4 6,383 5,059
Cash at bank and in hand 140,051 126,184
146,434 131,243
Creditors: amounts falling due within one year 5 (44,301) (42,135)
Net current assets 102,133 89,108
Net assets 103,550 90,071
Capital and reserves
Called up share capital 100 100
Profit and loss account 103,450 89,971
Shareholders' funds 103,550 90,071
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A M Greensmith
Director
Approved by the board on 25 September 2023
Sidican Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 rendering of services and is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at the rate shown below:-
Plant and machinery 25% reducing balance
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 2,623
Additions 926
At 31 January 2023 3,549
Depreciation
At 1 February 2022 1,660
Charge for the year 472
At 31 January 2023 2,132
Net book value
At 31 January 2023 1,417
At 31 January 2022 963
4 Debtors 2023 2022
£ £
Trade debtors 5,700 4,376
Other debtors 683 683
6,383 5,059
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 9,376 6,547
Other creditors 34,925 35,588
44,301 42,135
6 Controlling party
The company is controlled by the Directors.
7 Other information
Sidican Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Tower House
Tower Centre
Hoddesdon
EN11 8UR
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