Company Registration No. 11825705 (England and Wales)
SIGMA AUTOS LTD
Unaudited accounts
for the year ended 29 February 2024
SIGMA AUTOS LTD
Unaudited accounts
Contents
SIGMA AUTOS LTD
Company Information
for the year ended 29 February 2024
Director
Manishkumar Jashbhai PATEL
Company Number
11825705 (England and Wales)
Registered Office
52D KENMORE ROAD
HARROW
HA3 9EU
ENGLAND
Accountants
P & K Associates
CIMA Practising Certificate Holder
183 Burnt Oak Broadway
Edgware
UK
HA8 5EH
SIGMA AUTOS LTD
Accountants' report
Accountants' report to the director of SIGMA AUTOS LTD on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SIGMA AUTOS LTD for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SIGMA AUTOS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SIGMA AUTOS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SIGMA AUTOS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SIGMA AUTOS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SIGMA AUTOS LTD. You consider that SIGMA AUTOS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SIGMA AUTOS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
P & K Associates
CIMA Practising Certificate Holder
183 Burnt Oak Broadway
Edgware
UK
HA8 5EH
13 November 2024
SIGMA AUTOS LTD
Statement of financial position
as at 29 February 2024
Intangible assets
109,273
109,273
Tangible assets
633
13,445
Cash at bank and in hand
82,039
56,198
Creditors: amounts falling due within one year
(162,976)
(148,484)
Net current liabilities
(78,937)
(90,286)
Total assets less current liabilities
30,969
32,432
Creditors: amounts falling due after more than one year
(7,500)
(12,500)
Called up share capital
100
100
Profit and loss account
23,369
19,832
Shareholders' funds
23,469
19,932
For the year ending 29 February 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 11 November 2024 and were signed on its behalf by
Manishkumar Jashbhai PATEL
Director
Company Registration No. 11825705
SIGMA AUTOS LTD
Notes to the Accounts
for the year ended 29 February 2024
SIGMA AUTOS LTD is a private company, limited by shares, registered in England and Wales, registration number 11825705. The registered office is 52D KENMORE ROAD, HARROW, HA3 9EU, ENGLAND.
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.
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:
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 March 2023
98,000
11,273
109,273
At 29 February 2024
98,000
11,273
109,273
At 29 February 2024
98,000
11,273
109,273
At 28 February 2023
98,000
11,273
109,273
SIGMA AUTOS LTD
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery
At 29 February 2024
67,226
Charge for the year
12,812
At 29 February 2024
66,593
At 28 February 2023
13,445
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
5,000
Obligations under finance leases and hire purchase contracts
5,120
10,265
Taxes and social security
11,143
10,438
Loans from directors
141,713
122,781
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).