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
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
SIGMA LIFE LIMITED
Statement of financial position
as at 29 February 2024
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
-
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
SIGMA LIFE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
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.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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)
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
6
Average number of employees
During the year the average number of employees was 131 (2023: 131).