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REGISTERED NUMBER: SC469024 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SICMWRX LTD

SICMWRX LTD (REGISTERED NUMBER: SC469024)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

SICMWRX LTD

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTORS: Mrs L Kilg-Thornley
Mr D Thornley





REGISTERED OFFICE: Flat 24
Clifton Manor
352 Clifton Rd
Aberdeen
AB24 4DX





REGISTERED NUMBER: SC469024 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

SICMWRX LTD (REGISTERED NUMBER: SC469024)

STATEMENT OF FINANCIAL POSITION
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,304 1,091

CURRENT ASSETS
Stocks 18,219 12,930
Debtors 6 5,171 12,395
Cash at bank and in hand 1,228 6,804
24,618 32,129
CREDITORS
Amounts falling due within one year 7 21,839 22,478
NET CURRENT ASSETS 2,779 9,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,083

10,742

CREDITORS
Amounts falling due after more than one year 8 3,112 5,189
NET ASSETS 971 5,553

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 969 5,551
SHAREHOLDERS' FUNDS 971 5,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 29 November 2024 and were signed on its behalf by:





Mr D Thornley - Director


SICMWRX LTD (REGISTERED NUMBER: SC469024)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Sicmwrx Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets
Basic financial assets, which include other debtors and cash and bank balances, are measured at transaction price including transaction costs.
Financial assets are derecognsied when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, which include other creditors and bank loans, are recognised at transaction price.
Financial liabilities are derecognised when the company's contractual obligations are discharged.

Taxation
Taxation for the year comprises of current and 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 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 statement of financial position date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SICMWRX LTD (REGISTERED NUMBER: SC469024)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2023 - 6,120 6,120
Additions 850 250 1,100
Disposals - (1,257 ) (1,257 )
At 29 February 2024 850 5,113 5,963
DEPRECIATION
At 1 March 2023 - 5,029 5,029
Charge for year 195 534 729
Eliminated on disposal - (1,099 ) (1,099 )
At 29 February 2024 195 4,464 4,659
NET BOOK VALUE
At 29 February 2024 655 649 1,304
At 28 February 2023 - 1,091 1,091

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,260
Other debtors 5,171 11,135
5,171 12,395

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,004 1,992
Taxation and social security 15,698 17,708
Other creditors 4,137 2,778
21,839 22,478

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,112 5,189

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 12,000 -
Between one and five years 44,001 -
56,001 -

SICMWRX LTD (REGISTERED NUMBER: SC469024)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr D Thornley
Balance outstanding at start of year 7,024 (1,279 )
Amounts advanced 8,333 19,146
Amounts repaid (14,289 ) (10,843 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,068 7,024

Mrs L Kilg-Thornley
Balance outstanding at start of year - -
Amounts advanced - 8,541
Amounts repaid - (8,541 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loans are interest free and have no set payment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SICMWRX LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sicmwrx Ltd for the year ended 29 February 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Sicmwrx Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sicmwrx Ltd and state those matters that we have agreed to state to the Board of Directors of Sicmwrx Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sicmwrx Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sicmwrx Ltd. You consider that Sicmwrx 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 financial statements of Sicmwrx 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 financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


29 November 2024