Sidey Manufacturing Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09613917 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SIDEY MANUFACTURING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S L Hardy

R Hendry

A J Litster

J K Opitz

A D Ramsay

P Welin

SECRETARY:

A J Litster

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

09613917 (England and Wales)

AUDITORS:

MMG Archbold Limited

Chartered Accountants

Statutory Auditor

4 Albert Place

Perth

PH2 8JE

CURRENT ASSETS

Debtors

4

2,069,686

2,072,731

Cash at bank

19,360

19,666

2,089,046

2,092,397

CREDITORS

Amounts falling due within one year

5

1,137

118

NET CURRENT ASSETS

2,087,909

2,092,279

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,087,909

2,092,279

CAPITAL AND RESERVES

Called up share capital

100,005

Share premium

1,639,041

Capital redemption reserve

2

Retained earnings

348,861

353,231

2,087,909

2,092,279

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

A J Litster - Director

1.	STATUTORY INFORMATION

Sidey Manufacturing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issue' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

2,069,686

2,072,731

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Tax

371

618

Accruals and deferred income

766

(500

)

1,137

118

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Crichton, BAcc, CA, CTA (Senior Statutory Auditor)

for and on behalf of MMG Archbold Limited

7.	OTHER FINANCIAL COMMITMENTS

The Royal Bank of Scotland Plc hold an unlimited inter company guarantee between the connected companies (Sidey Holdings Limited, Sidey Solutions Limited, Sidey Contracting Limited, Sidey Manufacturing Limited and Sidey Projects Limited).

8.	PARENT COMPANY

The company's immediate parent undertaking is Sidey Holdings Limited, a company registered in Scotland (SC699426). Sidey Holdings Limited's registered office is 57 Feus Road, Perth, United Kingdom, PH1 2AX.

The ultimate parent company is Inwido AB, a public quoted company registered in Sweden, this being the largest and smallest group into which this company is consolidated. A copy of the parent company financial statements are available from the company's registered office at Engelbrektsgatan 15, SE-211 33 Malmo, Sweden.