Registered number
04444277
SIRKUS LIMITED
Filleted Accounts
28 February 2023
SIRKUS LIMITED
Registered number: 04444277
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 5 2,565 3,420
Current assets
Debtors 6 2,644 5,830
Cash at bank and in hand 8,095 9,773
10,739 15,603
Creditors: amounts falling due within one year 7 (3,645) (3,613)
Net current assets 7,094 11,990
Net assets 9,659 15,410
Capital and reserves
Called up share capital 18,000 18,000
Profit and loss account (8,341) (2,590)
Shareholders' funds 9,659 15,410
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.
Karl Robin Junga
Director
Approved by the board on 12 October 2023
SIRKUS LIMITED
Notes to the Accounts
for the year ended 28 February 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 sale of goods and from the rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% reducing balance
Debtors
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.
Creditors
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.
2 Other Operating Income 2023 2022
£ £
Local Authority Support Grant 0 4,153
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
4 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2022 3,790
At 28 February 2023 3,790
Amortisation
At 1 March 2022 3,790
At 28 February 2023 3,790
Net book value
At 28 February 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
5 Tangible fixed assets
Equipment
£
Cost
At 1 March 2022 26,210
At 28 February 2023 26,210
Depreciation
At 1 March 2022 22,790
Charge for the year 855
At 28 February 2023 23,645
Net book value
At 28 February 2023 2,565
At 28 February 2022 3,420
6 Debtors 2023 2022
£ £
Trade debtors 2,644 4,505
Other debtors - 1,325
2,644 5,830
7 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 273
Taxation and social security costs (76) (67)
Directors' Loan Accounts 2,672 2,650
Other creditors 1,049 757
3,645 3,613
8 Other information
SIRKUS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
69 Loughborough Road
West Bridgford
Nottingham
NG2 7LA
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