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Company Registration No. 13201691 (England and Wales)
Sigma Os Software Ltd Unaudited accounts for the year ended 28 February 2023
Sigma Os Software Ltd Unaudited accounts Contents
Page
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Sigma Os Software Ltd Company Information for the year ended 28 February 2023
Directors
Ali Attar Mahyad Ghassemibouyaghchi Saurav Mitra
Company Number
13201691 (England and Wales)
Registered Office
Abbey House Sigmaos Inc. 74-76 Saint John St London EC1M 4DT
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Sigma Os Software Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,119 
23,153 
Current assets
Debtors
95,534 
32,875 
Cash at bank and in hand
94,173 
61,721 
189,707 
94,596 
Creditors: amounts falling due within one year
(1,797,800)
(987,873)
Net current liabilities
(1,608,093)
(893,277)
Net liabilities
(1,584,974)
(870,124)
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
(1,584,977)
(870,127)
Shareholders' funds
(1,584,974)
(870,124)
For the year ending 28 February 2023 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.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by
Mahyad Ghassemibouyaghchi Director Company Registration No. 13201691
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Sigma Os Software Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Sigma Os Software Ltd is a private company, limited by shares, registered in England and Wales, registration number 13201691. The registered office is Abbey House Sigmaos Inc., 74-76 Saint John St, London, EC1M 4DT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years
Computer equipment
4 years
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Sigma Os Software Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
9,518 
17,532 
27,050 
Additions
4,449 
4,543 
8,992 
At 28 February 2023
13,967 
22,075 
36,042 
Depreciation
At 1 March 2022
1,243 
2,654 
3,897 
Charge for the year
3,738 
5,288 
9,026 
At 28 February 2023
4,981 
7,942 
12,923 
Net book value
At 28 February 2023
8,986 
14,133 
23,119 
At 28 February 2022
8,275 
14,878 
23,153 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
37,880 
- 
Accrued income and prepayments
32,330 
32,875 
Other debtors
25,324 
- 
95,534 
32,875 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
19,286 
36,749 
Amounts owed to group undertakings and other participating interests
1,462,143 
624,001 
Taxes and social security
256 
11,697 
Other creditors
316,115 
310,749 
Loans from directors
- 
2,517 
Accruals
- 
2,160 
1,797,800 
987,873 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
8
Loans to directors
The director Mahyad Ghassemibouyaghchi owes £15,755 to the company and company owes £275 to the director Saurav Mitra as at the year end.
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Sigma Os Software Ltd Notes to the Accounts for the year ended 28 February 2023
9
Transactions with related parties
Sigma OS Inc. The company is related to Sigma OS inc. by virtue of common control. At the balance sheet date the amount owed to Sigma OS Inc. was £1,462,143.
10
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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