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REGISTERED NUMBER: SC239115 (Scotland)
















Unaudited Financial Statements for the Year Ended 30 September 2023

for

S.I.S. Claims Investigators Limited

S.I.S. Claims Investigators Limited (Registered number: SC239115)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.I.S. Claims Investigators Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mrs T Warke
G Warke



REGISTERED OFFICE: 145 St Vincent Street
Glasgow
G2 5JF



REGISTERED NUMBER: SC239115 (Scotland)



ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF



BANKERS: The Royal Bank of Scotland
Bishopbriggs Branch
129 Kirkintilloch Road
Bishopbriggs
Glasgow
G64 2LR

S.I.S. Claims Investigators Limited (Registered number: SC239115)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,759 1,985
1,759 1,985

CURRENT ASSETS
Debtors 6 228 13,872
Cash at bank 3,392 2,361
3,620 16,233
CREDITORS
Amounts falling due within one year 7 (14,610 ) (17,501 )
NET CURRENT LIABILITIES (10,990 ) (1,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,231

)

717

PROVISIONS FOR LIABILITIES - (330 )
NET (LIABILITIES)/ASSETS (9,231 ) 387

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (9,331 ) 287
SHAREHOLDERS' FUNDS (9,231 ) 387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S.I.S. Claims Investigators Limited (Registered number: SC239115)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





Mrs T Warke - Director


S.I.S. Claims Investigators Limited (Registered number: SC239115)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

S.I.S. Claims Investigators Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts.

Creditors
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


S.I.S. Claims Investigators Limited (Registered number: SC239115)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 30,000
AMORTISATION
At 1 October 2022
and 30 September 2023 30,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 27,267
DEPRECIATION
At 1 October 2022 25,282
Charge for year 226
At 30 September 2023 25,508
NET BOOK VALUE
At 30 September 2023 1,759
At 30 September 2022 1,985

S.I.S. Claims Investigators Limited (Registered number: SC239115)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 204 13,669
Other debtors 24 203
228 13,872

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Taxation and social security 535 3,279
Other creditors 14,075 14,222
14,610 17,501

8. RELATED PARTY DISCLOSURES

Included within other creditors is an amount due to the director by the company of £11,056 (2022: £10,803).
This amount is interest free and repayable on demand.