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Company Registration No. 13218109 (England and Wales)
SIGMA LIFE LIMITED Unaudited accounts for the year ended 29 February 2024
SIGMA LIFE LIMITED Unaudited accounts Contents
Page
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SIGMA LIFE LIMITED Company Information for the year ended 29 February 2024
Directors
Sumesh Manapetty Subramanian Anoop Sudhakar
Company Number
13218109 (England and Wales)
Registered Office
SUITE 7 34-35 WILBURY WAY HITCHIN SG4 0TP ENGLAND
Accountants
Red Parrot Accounting Ltd Red Parrot Accounting, Pentax House, South Hill Avenue South Harrow, London, Middlesex England HA2 0DU
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SIGMA LIFE LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
(19,536)
21,091 
Creditors: amounts falling due within one year
(10,427)
33,690 
Net current (liabilities)/assets
(29,963)
54,781 
Total assets less current liabilities
(29,963)
54,781 
Creditors: amounts falling due after more than one year
31,695 
- 
Net assets
1,732 
54,781 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,730 
54,779 
Shareholders' funds
1,732 
54,781 
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 directors acknowledge their 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 of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by
Sumesh Manapetty Subramanian Director Company Registration No. 13218109
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SIGMA LIFE LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SIGMA LIFE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13218109. The registered office is SUITE 7 34-35 WILBURY WAY, HITCHIN, SG4 0TP, 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.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis as support has been arranged from the shareholders to enable the company to pay its debts as they fall due.
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.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at calls with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
(241)
1,620 
Taxes and social security
10,428 
18,396 
Other creditors
- 
(53,946)
Accruals
240 
240 
10,427 
(33,690)
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SIGMA LIFE LIMITED Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
(31,695)
- 
6
Average number of employees
During the year the average number of employees was 131 (2023: 131).
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