SIGI SOLUTION LIMITED
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
308
1,830
Creditors: amounts falling due within one year
4,758
682
Net current assets
17,711
22,770
Total assets less current liabilities
17,905
23,084
Creditors: amounts falling due after more than one year
(15,694)
(18,509)
Called up share capital
100
100
Profit and loss account
2,111
4,475
Shareholders' funds
2,211
4,575
For the year ending 31 July 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 3 April 2024 and were signed on its behalf by
Mr Sigitas Kazlauskas
Director
Company Registration No. 11450704
SIGI SOLUTION LIMITED
Notes to the Accounts
for the year ended 31 July 2023
SIGI SOLUTION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11450704. The registered office is 6 Butterfield Square, London, London, E6 5QP, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Depreciation is calculated at 25% on a straight line basis
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
180
299
479
At 31 July 2023
180
299
479
At 1 August 2022
90
75
165
Charge for the year
45
75
120
At 31 July 2023
135
150
285
At 31 July 2023
45
149
194
At 31 July 2022
90
224
314
SIGI SOLUTION LIMITED
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
7,097
10,055
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
(4,500)
(3,631)
Taxes and social security
36
2,949
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).