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
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
Sigma Os Software Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
23,119
23,153
Cash at bank and in hand
94,173
61,721
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)
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
Sigma Os Software Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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 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
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.
Expenditure on research and development is written off in the year in which it is incurred.
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
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
At 28 February 2023
8,986
14,133
23,119
At 28 February 2022
8,275
14,878
23,153
Amounts falling due within one year
Accrued income and prepayments
32,330
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
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
The director Mahyad Ghassemibouyaghchi owes £15,755 to the company and company owes £275 to the director Saurav Mitra as at the year end.
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).