REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2024 |
for |
SISA Information Security Ltd |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2024 |
for |
SISA Information Security Ltd |
SISA Information Security Ltd (Registered number: 10138027) |
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 |
SISA Information Security Ltd |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditor |
43 Glen Way |
Leicester |
LE2 5YF |
BANKERS: |
35 Smithford Way |
Coventry |
CV1 1FY |
SISA Information Security Ltd (Registered number: 10138027) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
SISA Information Security Ltd (Registered number: 10138027) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | COMPANY INFORMATION |
SISA Information Security Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered. |
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 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Going concern |
At the time of approving the financial statements, the directors has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. |
There is no significant doubt about the entity's ability to continue as a going concern.Thus the directors continues to adopt the going concern basis of accounting in preparing the financial statements for a period of at least twelve months from the date of the audit report. |
Debtors and creditors |
Debtors and creditors with no stated interest rate and receivable or payable with in one year are recorded at the transaction price. |
Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. |
Cash and cash equivalents |
Cash and cash equivalents are basic financial assets and including cash in hand, deposits held with banks. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
SISA Information Security Ltd (Registered number: 10138027) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.24 | 31.3.23 |
value: | £ | £ |
Ordinary | 1 | 1 | 1 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
The directors have taken advantage of the exemption allowed by FRS 102 not to disclose transactions with entities that are included in the financial statements of Sisa Information Security Ltd because 100% of the voting rights in the company are controlled within that group and the company is included within those financial statements. |
9. | ULTIMATE PARENT COMPANY |
The ultimate parent company is SISA Information Security Pvt Ltd, a company incorporated in India. Their registered address is No 79, Road No 9, KIADB IT Park, Arebinnamangala Village, Jala Hobli, Bengaluru, India, 562149. |