REGISTERED NUMBER: |
Audited Financial Statements for the Year Ended 31 December 2024 |
for |
Sice Previt UK Ltd |
REGISTERED NUMBER: |
Audited Financial Statements for the Year Ended 31 December 2024 |
for |
Sice Previt UK Ltd |
Sice Previt UK Ltd (Registered number: 12291448) |
Contents of the Financial Statements |
for the Year Ended 31 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Sice Previt UK Ltd |
Company Information |
for the Year Ended 31 December 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Chartered Accountants & Statutory Auditor |
47 Islington Park Street |
London |
N1 1QB |
Sice Previt UK Ltd (Registered number: 12291448) |
Balance Sheet |
31 December 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the director and authorised for issue on |
Sice Previt UK Ltd (Registered number: 12291448) |
Notes to the Financial Statements |
for the Year Ended 31 December 2024 |
1. | STATUTORY INFORMATION |
Sice Previt UK Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned. |
Taxation |
Taxation for the year comprises current and deferred 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 or deferred 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 balance sheet date. |
Deferred tax |
As a result of the uncertainty related to the company's future trading activities, the director believes that it is not prudent to account for deferred tax assets nor necessary to account for deferred tax liabilities within this financial year. |
Going concern |
As a result of the impact of Brexit and other factors, the Company significantly reduced the scale of its operations in 2021 and paused trading completely in 2023. Consequently, the financial statements for those years highlighted a material uncertainty regarding the Company's ability to continue as a going concern. However, in late 2024, the Company's prospects improved, and in 2025 it submitted bids for several UK contracts. The director believes one or more of these bids may be successful and, as a result, the Company resumed trading in 2025. Because of these developments, the director is confident that the Company is able to continue as a going concern and, therefore, that disclosure of a material uncertainty regarding going concern is not appropriate within these accounts. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
Sice Previt UK Ltd (Registered number: 12291448) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
7. | AUDITOR LIABILITY LIMITATION |
The company has limited the maximum aggregate amount of the Auditor's Liability to the company to not more than (1) the sum of 5 times the fees payable (excluding expenses and Value Added Tax) under the Engagement Letter referable to the financial year in question, or (2) £30,000, whichever is the lesser amount. |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
The ultimate parent undertaking and controlling entity is Sice Previt SPA, a company incorporated in Italy whose registered office is Via degli Alpini 14, Segrate, Milano, 20090, Italy, which is the parent undertaking of the smallest and largest group to consolidate these financial statements. Copies of Sice Previt SPA's consolidated financial statements are available from its registered office at Via degli Alpini 14, Segrate, Milano, 20090, Italy. |