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REGISTERED NUMBER: 04008569 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Sidetower Limited

Sidetower Limited (Registered number: 04008569)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sidetower Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Oldham-Malcolm
Mrs S A Oldham-Malcolm





SECRETARY: A J Oldham-Malcolm





REGISTERED OFFICE: International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF





REGISTERED NUMBER: 04008569 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

Sidetower Limited (Registered number: 04008569)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,350 20,405

CURRENT ASSETS
Cash at bank 28,292 28,600

CREDITORS
Amounts falling due within one year 5 48,558 48,883
NET CURRENT LIABILITIES (20,266 ) (20,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

84

122

PROVISIONS FOR LIABILITIES 11 21
NET ASSETS 73 101

CAPITAL AND RESERVES
Called up share capital 6 58 58
Retained earnings 15 43
SHAREHOLDERS' FUNDS 73 101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 8 August 2024 and were signed on its behalf by:




Mrs S A Oldham-Malcolm - Director


Sidetower Limited (Registered number: 04008569)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sidetower 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 50% on reducing balance

Taxation
Taxation for the year 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.

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 year 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.

Going concern
As at 31st March 2024, the company had net current liabilities of £20,266 (2023 £20,283). The directors have confirmed in writing that they will continue to provide financial support to the company for the foreseeable future to enable it to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Sidetower Limited (Registered number: 04008569)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 20,294 1,013 21,307
DEPRECIATION
At 1 April 2023 - 902 902
Charge for year - 55 55
At 31 March 2024 - 957 957
NET BOOK VALUE
At 31 March 2024 20,294 56 20,350
At 31 March 2023 20,294 111 20,405

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 6,736 8,884
Directors' current accounts 40,718 38,895
Accrued expenses 1,104 1,104
48,558 48,883

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary A £1 2 2
50 Ordinary B £1 50 50
6 Ordinary C £1 6 6
58 58