2023-05-012024-04-302024-04-30false10477958SIGMA GROUP SW 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SIGMA GROUP SW LTD

Registered Number
10477958
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

SIGMA GROUP SW LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

Gareth John Gwynne
Kristiina Gabriella Gwynne

Registered Address

Suite 17 15 Montpellier Road
Torquay
TQ1 1DL

Registered Number

10477958 (England and Wales)
SIGMA GROUP SW LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3655942
655942
Current assets
Stocks4-1,725
Debtors523,40416,534
Cash at bank and on hand4,28011,606
27,68429,865
Creditors amounts falling due within one year6(29,944)(27,287)
Net current assets (liabilities)(2,260)2,578
Total assets less current liabilities(1,605)3,520
Creditors amounts falling due after one year7(11,560)(18,629)
Provisions for liabilities8(164)(179)
Net assets(13,329)(15,288)
Capital and reserves
Called up share capital200200
Profit and loss account(13,529)(15,488)
Shareholders' funds(13,329)(15,288)
The financial statements were approved and authorised for issue by the Board of Directors on 25 October 2024, and are signed on its behalf by:
Kristiina Gabriella Gwynne
Director
Registered Company No. 10477958
SIGMA GROUP SW LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings20-
Office Equipment-4
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 May 234,2572,1946,451
At 30 April 244,2572,1946,451
Depreciation and impairment
At 01 May 234,1331,3765,509
Charge for year124163287
At 30 April 244,2571,5395,796
Net book value
At 30 April 24-655655
At 30 April 23124818942
4.Stocks

2024

2023

££
Work in progress-1,725
Total-1,725
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables16,37810,038
Other debtors6,8536,350
Prepayments and accrued income173146
Total23,40416,534
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables400409
Bank borrowings and overdrafts7,0696,894
Taxation and social security22,47519,984
Total29,94427,287
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts11,56018,629
Total11,56018,629
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)164179
Total164179
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Kristiina Gabriella Gwynne4,36347,72445,8246,263
Directors loan account
4,36347,72445,8246,263