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REGISTERED NUMBER: 06852900 (England and Wales)











Unaudited Financial Statements

for the Period 1 October 2023 to 31 December 2023

for

Strategic Internet Consulting Limited

Strategic Internet Consulting Limited (Registered number: 06852900)






Contents of the Financial Statements
for the Period 1 October 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Strategic Internet Consulting Limited

Company Information
for the Period 1 October 2023 to 31 December 2023







DIRECTORS: Mrs S Embling
A Embling





SECRETARY:





REGISTERED OFFICE: 2nd Floor Suite, Sanford House
Medwin Walk
Horsham
RH12 1AG





REGISTERED NUMBER: 06852900 (England and Wales)





ACCOUNTANTS: PPK Accountants Limited
Chartered Certified Accountants
Sandhurst House
297 Yorktown Road
Sandhurst
Berkshire
GU47 0QA

Strategic Internet Consulting Limited (Registered number: 06852900)

Balance Sheet
31 December 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 306,250 315,000
Tangible assets 5 11,520 13,017
317,770 328,017

CURRENT ASSETS
Debtors 6 285,521 370,885
Cash at bank 62 18,738
285,583 389,623
CREDITORS
Amounts falling due within one year 7 1,256,161 1,405,672
NET CURRENT LIABILITIES (970,578 ) (1,016,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(652,808

)

(688,032

)

CREDITORS
Amounts falling due after more than one
year

8

201,479

245,580
NET LIABILITIES (854,287 ) (933,612 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (855,287 ) (934,612 )
SHAREHOLDERS' FUNDS (854,287 ) (933,612 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Strategic Internet Consulting Limited (Registered number: 06852900)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





A Embling - Director


Strategic Internet Consulting Limited (Registered number: 06852900)

Notes to the Financial Statements
for the Period 1 October 2023 to 31 December 2023

1. STATUTORY INFORMATION

Strategic Internet Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Strategic Internet Consulting Limited (Registered number: 06852900)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group undertakings and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Strategic Internet Consulting Limited (Registered number: 06852900)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 22 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 31 December 2023 350,000
AMORTISATION
At 1 October 2023 35,000
Charge for period 8,750
At 31 December 2023 43,750
NET BOOK VALUE
At 31 December 2023 306,250
At 30 September 2023 315,000

Strategic Internet Consulting Limited (Registered number: 06852900)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 24,853 34,361 59,214
Disposals - (971 ) (971 )
At 31 December 2023 24,853 33,390 58,243
DEPRECIATION
At 1 October 2023 13,274 32,923 46,197
Charge for period 724 45 769
Eliminated on disposal - (243 ) (243 )
At 31 December 2023 13,998 32,725 46,723
NET BOOK VALUE
At 31 December 2023 10,855 665 11,520
At 30 September 2023 11,579 1,438 13,017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 14,333 76,172
Other debtors 271,188 294,713
285,521 370,885

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts 14,303 6,189
Trade creditors 137,801 132,814
Taxation and social security 416,792 465,687
Other creditors 687,265 800,982
1,256,161 1,405,672

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Other creditors 201,479 245,580

Strategic Internet Consulting Limited (Registered number: 06852900)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 December 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 31 December 2023 and 30 September 2023:

2023 2023
£    £   
A Embling
Balance outstanding at start of period 85,871 45,914
Amounts advanced - 39,957
Amounts repaid (6,830 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 79,041 85,871

Mrs S Embling
Balance outstanding at start of period 85,871 45,914
Amounts advanced - 39,957
Amounts repaid (6,830 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 79,041 85,871

10. ULTIMATE CONTROLLING PARTY

The directors are considered the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating activities of the company.