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Registered number: 11457518
Significant Corporate Services Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Rock2 Consulting Limited
IFA
3 The Drive
Great Warley
Brentwood
Essex
CM13 3FR
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11457518
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,922 4,027
4,922 4,027
CURRENT ASSETS
Debtors 5 6,000 98,164
Cash at bank and in hand 40,584 38,953
46,584 137,117
Creditors: Amounts Falling Due Within One Year 6 (3,210 ) (5,203 )
NET CURRENT ASSETS (LIABILITIES) 43,374 131,914
TOTAL ASSETS LESS CURRENT LIABILITIES 48,296 135,941
Creditors: Amounts Falling Due After More Than One Year 7 (18,662 ) (60,000 )
NET ASSETS 29,634 75,941
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 29,633 75,940
SHAREHOLDERS' FUNDS 29,634 75,941
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adeniyi Oginni
Director
29/02/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Significant Corporate Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11457518 . The registered office is 2 Dagenham Avenue , Dagenham, RM9 6LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles Depreciation policy is Straight Line 5 years
Computer Equipment Depreciation policy is Straight line 5 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 40 (2022: 60)
40 60
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 3,000 3,086 6,086
Additions - 2,640 2,640
As at 31 July 2023 3,000 5,726 8,726
Depreciation
As at 1 August 2022 1,200 859 2,059
Provided during the period 600 1,145 1,745
As at 31 July 2023 1,800 2,004 3,804
Net Book Value
As at 31 July 2023 1,200 3,722 4,922
As at 1 August 2022 1,800 2,227 4,027
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,000 98,164
6,000 98,164
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 3,210 5,203
3,210 5,203
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 18,662 60,000
18,662 60,000
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4