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Company Registration No. 10501540 (England and Wales)
SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD Unaudited accounts for the year ended 31 March 2024
SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD Unaudited accounts Contents
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SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD Company Information for the year ended 31 March 2024
Director
Talip Ozakca
Company Number
10501540 (England and Wales)
Registered Office
12 CAMBORNE ROAD Sutton Surrey SM2 6RH GB
Accountants
SA Ledgers Ltd 57 Canbury Park Road Kingston KT2 6LQ
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SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1,348 
Current assets
Debtors
178,646 
183,500 
Cash at bank and in hand
9,973 
30,252 
188,619 
213,752 
Creditors: amounts falling due within one year
(26,744)
(56,588)
Net current assets
161,875 
157,164 
Net assets
161,875 
158,512 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
161,775 
158,412 
Shareholders' funds
161,875 
158,512 
For the year 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 30 November 2024 and were signed on its behalf by
Talip Ozakca Director Company Registration No. 10501540
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SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 10501540. The registered office is 12 CAMBORNE ROAD, Sutton, Surrey, SM2 6RH, GB.
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
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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard)
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:
Plant & machinery
18%
Computer equipment
18%
Presentation currency
The accounts are presented in £ sterling.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairments losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method
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SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD Notes to the Accounts for the year ended 31 March 2024
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign exchange
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
5,850 
At 31 March 2024
5,850 
Depreciation
At 1 April 2023
4,502 
Charge for the year
1,348 
At 31 March 2024
5,850 
Net book value
At 31 March 2024
- 
At 31 March 2023
1,348 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,646 
- 
Other debtors
160,000 
183,500 
178,646 
183,500 
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SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
791 
- 
VAT
(92)
9,592 
Trade creditors
207 
656 
Taxes and social security
25,838 
46,340 
26,744 
56,588 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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