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Company Registration No. 14697466 (England and Wales)
Sikka Construction Ltd Unaudited accounts for the period from 1 March 2023 to 31 March 2024
Sikka Construction Ltd Unaudited accounts Contents
Page
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Sikka Construction Ltd Company Information for the period from 1 March 2023 to 31 March 2024
Director
Jitender Singh
Company Number
14697466 (England and Wales)
Registered Office
339 Whalebone Lane South Romford England RM6 6HB United Kingdom
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Sikka Construction Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
1,500 
Current assets
Cash at bank and in hand
57,439 
Creditors: amounts falling due within one year
(46,402)
Net current assets
11,037 
Net assets
12,537 
Capital and reserves
Called up share capital
100 
Profit and loss account
12,437 
Shareholders' funds
12,537 
For the period ending 31 March 2024 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 12 September 2024 and were signed on its behalf by
Jitender Singh Director Company Registration No. 14697466
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Sikka Construction Ltd Notes to the Accounts for the period from 1 March 2023 to 31 March 2024
1
Statutory information
Sikka Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 14697466. The registered office is 339 Whalebone Lane South, Romford, England, RM6 6HB, United Kingdom.
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 period from 1 March 2023 to 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2023. 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.
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.
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:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Sikka Construction Ltd Notes to the Accounts for the period from 1 March 2023 to 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
2,000 
At 31 March 2024
2,000 
Depreciation
Charge for the period
500 
At 31 March 2024
500 
Net book value
At 31 March 2024
1,500 
5
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
6,736 
Loans from directors
38,916 
Accruals
750 
46,402 
6
Share capital
2024 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
7
Transactions with related parties
Included in other creditors is the sum of £38,916 owed to Mr Jitender Singh, a sole director and 100% shareholder of the company. During the period interim dividends of £15,000 were distributed to the director.
8
Average number of employees
During the period the average number of employees was 1.
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