Sidaways Limited - Filleted accounts

Registered number

04239616

Sidaways Limited

Filleted Accounts

31 January 2026

Sidaways Limited
Registered number:		04239616
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		71,085			32,514

Current assets
Debtors	5	210,994			124,377
Cash at bank and in hand		74,702			156,970
		285,696			281,347

Creditors: amounts falling due within one year	6	(223,740)			(209,235)

Net current assets			61,956			72,112

Total assets less current liabilities			133,041			104,626


Provisions for liabilities			(9,468)			(4,710)


Net assets			123,573			99,916

Capital and reserves
Called up share capital			103			103
Share premium			14,372			14,372
Profit and loss account			109,098			85,441

Shareholders' funds			123,573			99,916

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Samuel Andrews
Director
Approved by the board on 29 April 2026

Sidaways Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
	The financial statement are presented in sterling which is the functional currency of the company and are rounded to the nearest pound.
	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 rendering of services. Income from services rendered on a non subscription fee basis is recognised by reference to the stage of completion of the contract, and income from services rendered on a subscription fee basis is recognised as the subscription invoice is raised.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Property improvements			over the lease term
	Plant and machinery			over 5 years straight line
	Motor vehicles			18% reducing balance

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					16		15


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2025							334,780
	At 31 January 2026							334,780

	Amortisation
	At 1 February 2025							334,780
	At 31 January 2026							334,780

	Net book value
	At 31 January 2026							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of between eleven and twenty years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	48,058		108,196		-		156,254
	Additions	-		23,822		32,920		56,742
	At 31 January 2026	48,058		132,018		32,920		212,996

	Depreciation
	At 1 February 2025	30,411		93,329		-		123,740
	Charge for the year	3,899		8,840		5,432		18,171
	At 31 January 2026	34,310		102,169		5,432		141,911

	Net book value
	At 31 January 2026	13,748		29,849		27,488		71,085
	At 31 January 2025	17,647		14,867		-		32,514


5	Debtors					2026		2025
£							£

	Trade debtors					171,640		88,984
	Amounts recoverable on contracts					3,453		3,239
	Other debtors					35,901		32,154
						210,994		124,377


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					9,686		9,186
	Taxation and social security costs					175,853		167,466
	Other creditors					38,201		32,583
						223,740		209,235


7	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					104,000		130,000


8	Other information

	Sidaways Limited is a private company limited by shares and incorporated in England. Its registered office is:

	5 Providence Court
	Pynes Hill
	Exeter
	Devon
	EX2 5JL