Sico International Limited - Accounts

SICO INTERNATIONAL LIMITED - Company Information

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Registered Number: 03552091

SICO INTERNATIONAL LIMITED

Abridged Accounts

Period of accounts

Start date: 01 October 2017

End date: 30 September 2018

Sico International Limited
Contents Page
For the year ended 30 September 2018

Statement of Financial Position
Notes to the Financial Statements

Sico International Limited
Statement of Financial Position
As at 30 September 2018

	Notes	2018 £	2017 £
Fixed assets
Tangible fixed assets	2	4,046	3,059
		4,046	3,059
Current assets
Stocks		890,205	860,017
Debtors		80,448	157,992
Cash at bank and in hand		373,051	140,831
		1,343,704	1,158,840
Creditors: amount falling due within one year		(338,912)	(323,841)
Net current assets		1,004,792	834,999

Total assets less current liabilities		1,008,838	838,058
Net assets		1,008,838	838,058

Capital and reserves
Called up share capital		120	120
Profit and loss account		1,008,718	837,938
Shareholders funds		1,008,838	838,058

For the year ended 30 September 2018 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 accounts for the year in question in accordance with section 476
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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

Signed on behalf of the board of directors

--------------------------------
A. A. Azizollahoff
Director

Date approved by the board: 08 June 2019

Sico International Limited
Notes to the Abridged Financial Statements
For the year ended 30 September 2018

General Information

Sico International Limited is a private company, limited by shares, registered in , registration number 03552091, registration address 39 Greville Street, London, EC1N 8PJ.

Accounting Policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of
exchange published by HMRC. Transactions in foreign currencies are recorded at the HMRC published rates ruling at the date of the transaction. Exchange differences are taken to profit and loss account.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

25% Reducing Balance

Stocks

Stock is valued in accordance with the director's valuation.

Tangible fixed assets

Cost	Fixtures and Fittings	Total
	£	£
At 01 October 2017	17,576	17,576
Additions	2,336	2,336
Disposals	-	-
At 30 September 2018	19,912	19,912
Depreciation
At 01 October 2017	14,517	14,517
Charge for year	1,349	1,349
On disposals	-	-
At 30 September 2018	15,866	15,866
Net book values
Closing balance as at 30 September 2018	4,046	4,046
Opening balance as at 01 October 2017	3,059	3,059