Company registration number SC441626 (Scotland)
SIGMOID CONSULTANTS INTERNATIONAL
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
SIGMOID CONSULTANTS INTERNATIONAL
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SIGMOID CONSULTANTS INTERNATIONAL
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
51,085
12,827
Current assets
Debtors
4
8,999
6,001
Cash at bank and in hand
79,152
57,790
88,151
63,791
Creditors: amounts falling due within one year
5
(51,998)
(51,040)
Net current assets
36,153
12,751
Total assets less current liabilities
87,238
25,578
Creditors: amounts falling due after more than one year
6
(45,063)
(22,818)
Provisions for liabilities
8
(8,419)
(2,437)
Net assets
33,756
323
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
33,656
223
Total equity
33,756
323
SIGMOID CONSULTANTS INTERNATIONAL
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with Section 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 of the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the board of directors and authorised for issue on 3 July 2024 and are signed on its behalf by:
Mr G Whyte
Director
SIGMOID CONSULTANTS INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Sigmoid Consultants International is a private company limited by shares incorporated in Scotland. The company's registered number and registered office address can be found on the Company Information page.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

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

1.3
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery
10% on cost, 25% on cost, 20% reducing balance
Computer Equipment
33% on cost
Motor vehicles
25% reducing balance

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.4
Taxation

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

Current tax

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.

SIGMOID CONSULTANTS INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reserved 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 law 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and Machinery
Computer Equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
25,166
183
-
0
25,349
Additions
22,771
1,175
18,520
42,466
At 31 March 2024
47,937
1,358
18,520
67,815
Depreciation and impairment
At 1 April 2023
12,401
121
-
0
12,522
Depreciation charged in the year
2,924
126
1,158
4,208
At 31 March 2024
15,325
247
1,158
16,730
Carrying amount
At 31 March 2024
32,612
1,111
17,362
51,085
At 31 March 2023
12,765
62
-
0
12,827
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
8,999
6,001
SIGMOID CONSULTANTS INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
3,192
3,113
Obligations under finance leases
1,387
-
0
Corporation tax
15,273
21,805
Other taxation and social security
9,067
4,470
Other creditors
22,011
19,810
Accruals and deferred income
1,068
1,842
51,998
51,040
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
19,625
22,818
Hire purchase agreement
25,438
-
0
45,063
22,818
Creditors which fall due one years are as follows:
2024
2023
£
£
Due 2 - 5 years
13,260
12,933
Due > 5 years
9,558
12,998
22,818
25,931
7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
8,419
2,437
2024
Movements in the year:
£
Liability at 1 April 2023
2,437
Charge to profit or loss
5,982
Liability at 31 March 2024
8,419
SIGMOID CONSULTANTS INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
9
Directors' transactions

Included in creditors at the year end, is a balance of £22,011 (2023: £19,810), owed to the directors. This loan is interest free and has no terms of repayment.

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