Sirco Controls Limited - Accounts to registrar (filleted) - small 18.2
Sirco Controls Limited - Accounts to registrar (filleted) - small 18.2
| SIRCO CONTROLS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
| SIRCO CONTROLS LIMITED (REGISTERED NUMBER: 00672489) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 7 |
| SIRCO CONTROLS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Charter House |
| 103-105 Leigh Road |
| Leigh-on-Sea |
| Essex |
| SS9 1JL |
| SIRCO CONTROLS LIMITED (REGISTERED NUMBER: 00672489) |
| BALANCE SHEET |
| 29TH FEBRUARY 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| SIRCO CONTROLS LIMITED (REGISTERED NUMBER: 00672489) |
| BALANCE SHEET - continued |
| 29TH FEBRUARY 2020 |
| 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 |
| SIRCO CONTROLS LIMITED (REGISTERED NUMBER: 00672489) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
| 1. | STATUTORY INFORMATION |
| Sirco Controls Limited is a |
| 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 |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value. Cost is |
| determined as follows: |
| Raw materials | - | on a first in first outbasis |
| Work in progress and finished goods |
- | selling price (restricted to percentage completed) less the profit contenttherein as compiled from the company's cost analysis. |
| 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. |
| SIRCO CONTROLS LIMITED (REGISTERED NUMBER: 00672489) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Operating leases |
| Rentals paid under operating leases are charged to profit and loss account as incurred. |
| Pension costs and other post-retirement benefits |
| The company operates a defined-contribution money purchase pension scheme. The assets of the |
| scheme are held separately from those of the company, in an independently-administered fund. |
| Contributions are charged to the profit and loss account as they become payable in accordance with |
| the rules of the scheme. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st March 2019 |
| Additions |
| At 29th February 2020 |
| DEPRECIATION |
| At 1st March 2019 |
| Charge for year |
| At 29th February 2020 |
| NET BOOK VALUE |
| At 29th February 2020 |
| At 28th February 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| SIRCO CONTROLS LIMITED (REGISTERED NUMBER: 00672489) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29TH FEBRUARY 2020 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | OTHER FINANCIAL COMMITMENTS |
| As at 29th February 2020, the company had other financial commitments of £120,589, comprising |
| operating lease obligations extending up to 2024. |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 29th February 2020 |
| and 28th February 2019: |
| 2020 | 2019 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| SIRCO CONTROLS LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| SIRCO CONTROLS LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's |
| annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
| only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain |
| other primary statements and the Report of the Directors are not required to be filed with the |
| Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29th February 2020 set out on pages three to eight and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Chartered Certified Accountants |
| Charter House |
| 103-105 Leigh Road |
| Leigh-on-Sea |
| Essex |
| SS9 1JL |
| Date: ............................................. |