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Registered number: 11878998
Siksa Ltd
Financial Statements
For The Year Ended 29 February 2024
Oakensen (Bristol) Limited
Chartered Accountants
Westbury Court Church Road
Westbury On Trym
Bristol
BS9 3EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11878998
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,101 1,013
1,101 1,013
CURRENT ASSETS
Stocks 5 2,106 2,900
Debtors 6 - 1,813
Cash at bank and in hand 6,328 4,872
8,434 9,585
Creditors: Amounts Falling Due Within One Year 7 (13,768 ) (10,296 )
NET CURRENT ASSETS (LIABILITIES) (5,334 ) (711 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,233 ) 302
NET (LIABILITIES)/ASSETS (4,233 ) 302
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (4,333 ) 202
SHAREHOLDERS' FUNDS (4,233) 302
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Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Y Kim
Director
29 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Siksa Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11878998 . The registered office is 27 Gloucester Road, Bishopston, Bristol, BS7 8AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight Line over 4 years
Fixtures & Fittings Straight Line over 4 years
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 11)
12 11
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 1,398 5,989 7,387
Additions 793 - 793
As at 29 February 2024 2,191 5,989 8,180
Depreciation
As at 1 March 2023 880 5,494 6,374
Provided during the period 458 247 705
As at 29 February 2024 1,338 5,741 7,079
Net Book Value
As at 29 February 2024 853 248 1,101
As at 1 March 2023 518 495 1,013
5. Stocks
2024 2023
£ £
Stock 2,106 2,900
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 126
Directors' loan accounts - 1,687
- 1,813
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 6,625 4,158
Net wages 814 2,466
Other creditors 641 2,352
Accruals and deferred income 1,426 1,320
Directors' loan accounts 4,262 -
13,768 10,296
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors is a loan to the directors of £Nil. (2023: £1,687).
10. Related Party Transactions
At the end of the year the company owed £4,262 (2023: £Nil) to the director. 
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