Registered number
06597002
Strategic Consulting and Implementation Consortium Ltd
Filleted Accounts
31 May 2023
Strategic Consulting and Implementation Consortium Ltd
Registered number: 06597002
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 23,756 23,756
Cash at bank and in hand 343 343
24,099 24,099
Creditors: amounts falling due within one year 5 (91,838) (91,588)
Net current liabilities (67,739) (67,489)
Net liabilities (67,739) (67,489)
Capital and reserves
Called up share capital 82,656 82,656
Profit and loss account (150,395) (150,145)
Shareholders' funds (67,739) (67,489)
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.
Rowland Ekperi
Director
Approved by the board on 11 March 2024
Strategic Consulting and Implementation Consortium 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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 3,227
At 31 May 2023 3,227
Depreciation
At 1 June 2022 3,227
At 31 May 2023 3,227
Net book value
At 31 May 2023 -
4 Debtors 2023 2022
£ £
Other debtors 23,756 23,756
5 Creditors: amounts falling due within one year 2023 2022
£ £
Director Acct. Felix Okene 2,900 2,900
Director acct Dr. Biu 1,000 1,000
Loan - Amabetaru Biu 31,915 31,915
Director - Peter Ozua 44,253 44,253
Director Acct-A.Pinneh 70 70
Director Acct.-R. Ekperi 5,361 5,111
Director Acct.- B.Amadi 6,128 6,128
Director Acct - D. Kieghe 1,543 1,543
Taxation and social security costs (1,581) (1,581)
Other creditors 249 249
91,838 91,588
6 Other information
Strategic Consulting and Implementation Consortium Ltd is a private company limited by shares and incorporated in England. Its registered office is:
293a High Road
Leytonstone
London
E11 4HH
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