Registered number
03563356
Sigma Consulting Services Ltd
Filleted Accounts
31 May 2023
Sigma Consulting Services Ltd
Registered number: 03563356
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,015 2,947
Investments 4 13,258 13,366
16,273 16,313
Current assets
Cash at bank and in hand 119,961 103,163
Creditors: amounts falling due within one year 6 (6,307) (3,340)
Net current assets 113,654 99,823
Net assets 129,927 116,136
Capital and reserves
Called up share capital 2 2
Profit and loss account 129,925 116,134
Shareholder's funds 129,927 116,136
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
I McMichael
Director
Approved by the board on 22 December 2023
Sigma Consulting Services Ltd
Notes to the Accounts
for the year ended 31 May 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.
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:
Plant and machinery 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 7,245
Additions 1,104
Disposals (550)
At 31 May 2023 7,799
Depreciation
At 1 June 2022 4,298
Charge for the year 1,005
On disposals (519)
At 31 May 2023 4,784
Net book value
At 31 May 2023 3,015
At 31 May 2022 2,947
4 Investments
Other
investments
£
Cost
At 1 June 2022 13,366
Revaluation (108)
At 31 May 2023 13,258
5 Investments held as current assets 2023 2022
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments (108) (1,125)
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 350 350
Taxation and social security costs 4,277 1,179
Other creditors 1,680 1,811
6,307 3,340
7 Other information
Sigma Consulting Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Temperance House
Langdon Lane
Radway
Warwickshire
CV35 0UQ
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