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Reports Dated : 07/11/2023 Registered Number: 12496907
England and Wales

 

 

 

SIDNEY GROUP LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
  31/03/2023   31/03/2022
    £ £   £ £
Current assets 11,547      23,734   
Prepayments and accrued income (8,852)     3,464   
Creditors: amount falling due within one year (59,118)     (23,801)  
Net current liabilities   (56,423)     3,397 
Total assets less current liabilities   (56,423)     3,397 
Provisions for liabilities   (18)     (139)
Net liabilities   (56,441)     3,258 
 

         
Capital and reserves   (56,441)     3,258 
 
NOTES TO THE ACCOUNTS

General Information
Sidney Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12496907, registration address St John'S Innovation Centre, Cowley Road, Cambridge, CB4 0WS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.

Principal Activities

Principal activity of the company during the financial year was of IT Managed services, Professional IT services.

Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 0).


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 07 November 2023 and were signed on its behalf by:


--------------------------------
Nanyo Nanev
Director
1