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
SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD
Company Information
for the year ended 31 March 2024
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
SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
9,973
30,252
Creditors: amounts falling due within one year
(26,744)
(56,588)
Net current assets
161,875
157,164
Net assets
161,875
158,512
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
SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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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 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 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:
The accounts are presented in £ sterling.
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.
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.
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
SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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.
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Other debtors
160,000
183,500
SAP-ICON SOFTWARE CONSULTANCY SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
791
-
Taxes and social security
25,838
46,340
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Average number of employees
During the year the average number of employees was 2 (2023: 2).