Company Registration No. SC617908 (Scotland)
SADCO CONSULTANCY SERVICES LTD
Unaudited accounts
for the year ended 31 January 2024
SADCO CONSULTANCY SERVICES LTD
Unaudited accounts
Contents
SADCO CONSULTANCY SERVICES LTD
Company Information
for the year ended 31 January 2024
Director
Saqib Assam Sadiq
Company Number
SC617908 (Scotland)
Registered Office
90 FERNLEA
BEARSDEN
GLASGOW
EAST DUNBARTONSHIRE
G61 1NB
SCOTLAND
Accountants
AMS Accounting Services Ltd
Chartered Certified Accountants
7 Callanish Crescent Newton Mearns
Glasgow
United Kingdom
G77 5WT
SADCO CONSULTANCY SERVICES LTD
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
1,058
607
Creditors: amounts falling due within one year
(310)
(260)
Net current assets
36,548
42,147
Total assets less current liabilities
37,061
42,751
Creditors: amounts falling due after more than one year
(40,622)
(44,865)
Net liabilities
(3,561)
(2,114)
Called up share capital
1
1
Profit and loss account
(3,562)
(2,115)
Shareholders' funds
(3,561)
(2,114)
For the year ending 31 January 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 30 September 2024 and were signed on its behalf by
Saqib Assam Sadiq
Director
Company Registration No. SC617908
SADCO CONSULTANCY SERVICES LTD
Notes to the Accounts
for the year ended 31 January 2024
SADCO CONSULTANCY SERVICES LTD is a private company, limited by shares, registered in Scotland, registration number SC617908. The registered office is 90 FERNLEA, BEARSDEN, GLASGOW, EAST DUNBARTONSHIRE, G61 1NB, SCOTLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
15% on reducing balance
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 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.
Under this scheme, business can access finance to maximum amount of £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months, the interest is capped at 2.5% per year.
Government grants in relation to COVID-19 which becomes receivable as compensation for losses or expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs is recognised in income in the period in which it becomes receivable.
SADCO CONSULTANCY SERVICES LTD
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due after more than one year
Other debtors
35,800
41,800
6
Creditors: amounts falling due within one year
2024
2023
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
3,748
2,195
8
Transactions with related parties
The company owes Mr Saqib A Sadiq, a director, an amount of £3,748 (2023: £2,195) as at the balance sheet date. There is no interest on this loan and no fixed date for repayment.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).