Sigicom Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
Registration number:
Sigicom Limited
for the Year Ended 31 December 2025
Sigicom Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
Sigicom Limited
Company Information
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Director |
N T Rehnstroem |
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Registered office |
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Independent auditor |
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Sigicom Limited
(Registration number: 10756688)
Statement of Financial Position as at 31 December 2025
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Note |
2025 |
2024 |
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Non-current assets |
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Property, plant and equipment |
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Current assets |
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Inventories |
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Receivables |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Equity |
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Called up share capital |
10,000 |
10,000 |
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Capital contribution reserve |
210,000 |
112,000 |
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Retained earnings |
(209,905) |
(116,199) |
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Shareholders' funds |
10,095 |
5,801 |
The financial statements of Sigicom Limited were approved and authorised for issue by the
.........................................
Director
Sigicom Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
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General information |
Sigicom Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1.
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Accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Going concern
The director has considered the company's financial position, liquidity and future performance together with financial projections for the company and over the foreseeable future and has also reviewed the ongoing financial support from the company's parent undertaking and is confident this will be available for the foreseeable future. After making enquiries, the director is satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statement. Accordingly, he continues to adopt the going concern basis in preparing the company's financial statements.
Statement of compliance
These financial statements were prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' issued by the Financial Reporting Council and in accordance with the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Summary of disclosure exemptions
The company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its separate financial statements. The company is consolidated in the financial statements of its parent, Sigicom AB, which may be obtained from the secretary, Glasfibergatan 8, 125 45 Älvsjö, Sweden. Exemptions have been taken in these separate company financial statements in relation to financial instruments, presentation of a cash flow statement, transactions with group entities and remuneration of key management personnel.
Sigicom Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)
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2 |
Accounting policies (continued) |
Judgements and key sources of estimation uncertainties
There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.
Revenue recognition
Revenue comprises the fair value of the consideration received or receivable, net of discounts and value added taxes. Revenue is earned from the sale and hire of measurement technology equipment products.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. Revenue from the hire of equipment is recognised when the products are made available to the consumers. This is usually at the point that the customer has signed for the delivery of the goods.
Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in the income statement, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the year end.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Property, plant and equipment
Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, less their estimated residual value, over their estimated useful lives, as follows:
Sigicom Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)
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2 |
Accounting policies (continued) |
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Asset class |
Depreciation method and rate |
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Plant and machinery |
20% on straight line |
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Fixtures and fittings |
20% on straight line |
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Motor Vehicle |
20% on straight line |
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the payables net of the finance charge allocated to future periods.
Foreign currency transactions and balances
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and is subject to an insignificant risk of change in
value.
Receivables
Trade and other receivables that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of
impairment.
Stocks and Work In Progress
Inventories and work in progress are valued at the lower of cost and net realisable value after making
due allowance for obsolete and slow-moving inventories. Cost includes all direct costs and an
appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts
on a contract by contract basis by recording turnover and related costs as contract activity
progresses.
Sigicom Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)
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2 |
Accounting policies (continued) |
Payables
Trade and other payables are obligations to pay for goods or services that have been acquired in the
ordinary course of business from suppliers. Trade and other payables are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade and other payables that are payable within one year and do not constitute a financing
transaction are recorded at the undiscounted amount expected to be paid. Those that are payable
after more than one year or that constitute a financing transaction are recorded initially at transaction
price and subsequently at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined Contribution Pension Scheme
The company contributes into defined contribution pension schemes for the benefit of its employees. The assets of the schemes are held separately from those of the company. Contributions are recognised in the income statement in the period in which they become payable.
Financial instruments
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Taxation |
Tax charged/(credited) in the income statement
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2025 |
2024 |
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Current taxation |
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UK corporation tax |
- |
- |
Sigicom Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)
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4 |
Taxation (continued) |
The standard rate of UK corporation tax applied to the reported profit before tax for the year is
The difference between the total tax charge shown above and the amount calculated by applying the standard rate of UK corporation tax to the profit before tax is as follows:
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2025 |
2024 |
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Loss before tax |
( |
( |
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Corporation tax at standard rate |
( |
( |
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Tax increase from effect of capital allowances and depreciation |
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Effect of expense not deductible in determining taxable profit (tax loss) |
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Effect of tax losses |
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Total tax charge/(credit) |
- |
- |
Deferred tax
There are £183,509 of unused tax losses (2024 - £98,329) for which no deferred tax asset is recognised in the statement of financial position.
Sigicom Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)
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Property, plant and equipment |
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Plant & machinery |
Fixtures & fittings |
Motor vehicles |
Total |
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Cost |
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At 1 January 2025 |
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At 31 December 2025 |
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Depreciation |
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At 1 January 2025 |
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Charge for the year |
- |
- |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
- |
- |
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At 31 December 2024 |
- |
- |
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Inventories |
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2025 |
2024 |
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Measurement technology equipment |
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Receivables |
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Note |
2025 |
2024 |
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Trade receivables |
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Amounts owed by related parties |
- |
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Other receivables |
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Prepayments |
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Sigicom Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)
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Cash and cash equivalents |
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2025 |
2024 |
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Cash at bank |
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Payables |
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2025 |
2024 |
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Due within one year |
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Trade payable |
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Amounts owed to group undertakings |
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Social security and other taxes |
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Other payables |
- |
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Accrued expenses |
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- |
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The amounts owed to group undertakings disclosed as falling within one year is unsecured, payable on demand and is non-interest bearing.
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Share capital and reserves |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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10,000 |
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10,000 |
The company has one class of share capital which carries no right to fixed income.
Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
The capital contribution reserve represents the right for the parent undertaking to receive repayment of contributions paid to the company from available distributable profits.
Sigicom Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)
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Obligations under leases |
Operating leases
The total of future minimum lease payments is as follows:
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2025 |
2024 |
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Not later than one year |
- |
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Later than one year and not later than five years |
- |
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- |
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The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2024 - £
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Pension scheme |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
There were no outstanding or prepaid pension contributions at the end of the current and previous year.
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Parent and ultimate parent undertaking |
The company's immediate and ultimate parent undertaking is
Copies of the group financial statements are available upon request from the secretary, Glasfibergatan 8, 125 45 Älvsjö, Sweden.
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Related party transactions |
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of section1A of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" not to disclose transactions with entities that are wholly owned members of the group.
There were no other related party transactions to disclose.
Sigicom Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)
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Events after the financial period |
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Audit report |
The name of the Senior Statutory Auditor who signed the audit report on