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SIKER LTD

Registered Number
11208267
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

SIKER LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

HARWOOD, Samantha Joyce
HARWOOD, Timothy Paul

Registered Address

Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF

Registered Number

11208267 (England and Wales)
SIKER LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets37,1005,205
7,1005,205
Current assets
Stocks4180,000-
Debtors34,375255,381
Cash at bank and on hand3,74416,442
218,119271,823
Creditors amounts falling due within one year5(151,788)(174,771)
Net current assets (liabilities)66,33197,052
Total assets less current liabilities73,431102,257
Creditors amounts falling due after one year6(7,167)-
Net assets66,264102,257
Capital and reserves
Called up share capital100100
Profit and loss account66,164102,157
Shareholders' funds66,264102,257
The financial statements were approved and authorised for issue by the Board of Directors on 27 March 2025, and are signed on its behalf by:
HARWOOD, Timothy Paul
Director
Registered Company No. 11208267
SIKER LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year52
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 August 235,6645,664
Additions4,9124,912
At 31 July 2410,57610,576
Depreciation and impairment
At 01 August 23459459
Charge for year3,0173,017
At 31 July 243,4763,476
Net book value
At 31 July 247,1007,100
At 31 July 235,2055,205
4.Stocks

2024

2023

££
Work in progress180,000-
Total180,000-
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables109,412157,871
Bank borrowings and overdrafts35,8332,718
Amounts owed to related parties3,852-
Taxation and social security2,69114,182
Total151,788174,771
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.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,167-
Total7,167-