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Company Registration No. 12916085 (England and Wales)
Sikoia Ltd Unaudited accounts for the year ended 30 September 2023
Sikoia Ltd Unaudited accounts Contents
Page
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Sikoia Ltd Company Information for the year ended 30 September 2023
Director
A. Rog
Company Number
12916085 (England and Wales)
Registered Office
71-75 Shelton Street London Greater London WC2H 9JQ
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Sikoia Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,500 
- 
Tangible assets
1,193 
2,495 
9,693 
2,495 
Current assets
Debtors
72,559 
11,740 
Cash at bank and in hand
3,044,309 
403,945 
3,116,868 
415,685 
Creditors: amounts falling due within one year
(98,278)
(32,496)
Net current assets
3,018,590 
383,189 
Net assets
3,028,283 
385,684 
Capital and reserves
Called up share capital
6,649,987 
1,650,000 
Profit and loss account
(3,621,704)
(1,264,316)
Shareholders' funds
3,028,283 
385,684 
For the year ending 30 September 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 15 June 2024 and were signed on its behalf by
A. Rog Director Company Registration No. 12916085
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Sikoia Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Sikoia Ltd is a private company, limited by shares, registered in England and Wales, registration number 12916085. The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.
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.
3
Accounting policies
These financial statements for the year ended 30 September 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
- 3 years straight line method -
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Sikoia Ltd Notes to the Accounts for the year ended 30 September 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2022
- 
Additions
8,500 
At 30 September 2023
8,500 
Amortisation
At 1 October 2022
- 
At 30 September 2023
- 
Net book value
At 30 September 2023
8,500 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 October 2022
3,905 
At 30 September 2023
3,905 
Depreciation
At 1 October 2022
1,410 
Charge for the year
1,302 
At 30 September 2023
2,712 
Net book value
At 30 September 2023
1,193 
At 30 September 2022
2,495 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
33,561 
- 
Trade debtors
38,965 
11,740 
Other debtors
33 
- 
72,559 
11,740 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
1,040 
Trade creditors
26,280 
- 
Taxes and social security
60,459 
25,529 
Other creditors
- 
5,177 
Accruals
750 
750 
Deferred income
10,789 
- 
98,278 
32,496 
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Sikoia Ltd Notes to the Accounts for the year ended 30 September 2023
8
Average number of employees
During the year the average number of employees was 12 (2022: 8).
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