17 false false false false false false false false false false true true false true true true true No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC643938 2023-10-01 2024-09-30 SC643938 2024-09-30 SC643938 2023-09-30 SC643938 2022-10-01 2023-09-30 SC643938 2023-09-30 SC643938 2022-09-30 SC643938 bus:Director2 2023-10-01 2024-09-30 SC643938 core:PlantMachinery 2024-09-30 SC643938 core:FurnitureFittings 2024-09-30 SC643938 core:MotorVehicles 2024-09-30 SC643938 core:PlantMachinery 2023-10-01 2024-09-30 SC643938 core:FurnitureFittings 2023-10-01 2024-09-30 SC643938 core:MotorVehicles 2023-10-01 2024-09-30 SC643938 core:WithinOneYear 2024-09-30 SC643938 core:AfterOneYear 2024-09-30 SC643938 core:ShareCapital 2024-09-30 SC643938 core:ShareCapital 2023-09-30 SC643938 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC643938 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-09-30 SC643938 bus:Director1 2023-10-01 2024-09-30 SC643938 bus:SmallEntities 2023-10-01 2024-09-30 SC643938 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC643938 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC643938 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC643938 bus:AbridgedAccounts 2023-10-01 2024-09-30 SC643938 core:ComputerEquipment 2023-10-01 2024-09-30 SC643938 core:ComputerEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: SC643938
Sigma Stone (2017) Ltd
Filleted Unaudited Abridged Financial Statements
30 September 2024
Sigma Stone (2017) Ltd
Abridged Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
316,437
Current assets
Stocks
163,700
Debtors
75,962
Cash at bank and in hand
12,195
4
---------
----
251,857
4
Creditors: amounts falling due within one year
457,652
---------
----
Net current (liabilities)/assets
( 205,795)
4
---------
----
Total assets less current liabilities
110,642
4
Creditors: amounts falling due after more than one year
35,342
Provisions
67,387
---------
----
Net assets
7,913
4
---------
----
Capital and reserves
Called up share capital
4
4
Profit and loss account
7,909
-------
----
Shareholders funds
7,913
4
-------
----
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Sigma Stone (2017) Ltd
Abridged Statement of Financial Position (continued)
30 September 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 11 April 2025 , and are signed on behalf of the board by:
C MacIntyre
Director
Company registration number: SC643938
Sigma Stone (2017) Ltd
Notes to the Abridged Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 38 Watt Road, Glasgow, G52 4RY.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
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 Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Tangible assets
Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. Plant and machinery - 25% on cost Fixtures and fittings - 20% on cost Computer equipment - 33% on cost Motor vehicles - 25% on cost
Finance leases and hire purchase contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 17 (2023: Nil).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2023
Additions
45,419
1,618
47,037
Disposals
( 25,138)
( 25,138)
Transfers
555,228
3,514
115,973
2,279
676,994
---------
-------
---------
-------
---------
At 30 September 2024
530,090
3,514
161,392
3,897
698,893
---------
-------
---------
-------
---------
Depreciation
At 1 October 2023
Charge for the year
82,762
526
20,771
769
104,828
Disposals
( 10,055)
( 10,055)
Transfers
271,310
444
15,446
483
287,683
---------
-------
---------
-------
---------
At 30 September 2024
344,017
970
36,217
1,252
382,456
---------
-------
---------
-------
---------
Carrying amount
At 30 September 2024
186,073
2,544
125,175
2,645
316,437
---------
-------
---------
-------
---------
At 30 September 2023
---------
-------
---------
-------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery
£
At 30 September 2024
518,723
---------
At 30 September 2023
---------