1 March 2022 false No description of principal activity Taxfiler 2023.10.1 09456792business:PrivateLimitedCompanyLtd2022-03-012023-02-28 094567922022-02-28 094567922022-03-012023-02-28 09456792business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 09456792business:FilletedAccounts2022-03-012023-02-28 094567922023-02-28 09456792business:Director12022-03-012023-02-28 09456792business:RegisteredOffice2022-03-012023-02-28 094567922022-02-28 09456792core:WithinOneYear2023-02-28 09456792core:WithinOneYear2022-02-28 09456792core:AfterOneYear2023-02-28 09456792core:AfterOneYear2022-02-28 09456792core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 09456792core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 09456792core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 09456792core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 09456792core:PreviouslyStatedAmount2023-02-28 09456792core:PreviouslyStatedAmount2022-02-28 09456792business:SmallEntities2022-03-012023-02-28 09456792countries:EnglandWales2022-03-012023-02-28 09456792core:PlantMachinery2022-03-012023-02-28 09456792core:PlantMachinery2022-02-28 09456792core:PlantMachinery2023-02-28 09456792core:WithinOneYear2022-03-012023-02-28 094567922021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 09456792 (England and Wales)
SIG COURIERS LIMITED Unaudited accounts for the year ended 28 February 2023
SIG COURIERS LIMITED Unaudited accounts Contents
Page
- 2 -
SIG COURIERS LIMITED Company Information for the year ended 28 February 2023
Director
STEFAN IVANOV BALABANOV
Company Number
09456792 (England and Wales)
Registered Office
17 Hall Drive Lincoln LN6 7SW England
- 3 -
SIG COURIERS LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Fixed assets
Tangible assets
76,425 
25,712 
Current assets
Debtors
- 
5,787 
Cash at bank and in hand
14,529 
31,554 
14,529 
37,341 
Creditors: amounts falling due within one year
(46,773)
(24,263)
Net current (liabilities)/assets
(32,244)
13,078 
Total assets less current liabilities
44,281 
38,890 
Creditors: amounts falling due after more than one year
(39,559)
(48,746)
Net assets/(liabilities)
4,722 
(9,856)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,622 
(9,956)
Shareholders' funds
4,722 
(9,856)
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 director acknowledges his 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 and authorised for issue on 1 October 2023 and were signed on its behalf by
STEFAN IVANOV BALABANOV Director Company Registration No. 09456792
- 4 -
SIG COURIERS LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
SIG COURIERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09456792. The registered office is 17 Hall Drive, Lincoln, LN6 7SW, England.
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.
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:
Plant & machinery
18% DEDUCTION
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
95,234 
Additions
67,490 
At 28 February 2023
162,724 
Depreciation
At 1 March 2022
69,522 
Charge for the year
16,777 
At 28 February 2023
86,299 
Net book value
At 28 February 2023
76,425 
At 28 February 2022
25,712 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
5,787 
- 5 -
SIG COURIERS LIMITED Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
24,162 
22,332 
Taxes and social security
7,455 
1,931 
Loans from directors
15,156 
- 
46,773 
24,263 
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.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,579 
48,746 
Obligations under finance leases and hire purchase contracts
7,980 
- 
39,559 
48,746 
8
Average number of employees
During the year the average number of employees was 3 (2022: 4).
- 6 -