Sicoda Limited - Accounts to registrar (filleted) - small 18.2
Sicoda Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 April 2021 |
| for |
| Sicoda Limited |
| Sicoda Limited (Registered number: 11303902) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Sicoda Limited |
| Company Information |
| for the Year Ended 30 April 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountant |
| 32 Leicester Street |
| Melton Mowbray |
| Leicestershire |
| LE13 0PP |
| Sicoda Limited (Registered number: 11303902) |
| Balance Sheet |
| 30 April 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| Sicoda Limited (Registered number: 11303902) |
| Balance Sheet - continued |
| 30 April 2021 |
| 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 |
| Sicoda Limited (Registered number: 11303902) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2021 |
| 1. | STATUTORY INFORMATION |
| Sicoda Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting |
| Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the |
| Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure |
| requirements of section 1A of FRS 102 have been applied other than where additional disclosure is |
| required to show a true and fair view. |
| The financial statements are prepared in sterling, which is the functional currency of the company. |
| Monetary amounts in these financial statements are rounded to the nearest £. |
| The financial statements have been prepared under the historical cost convention, modified to include the |
| revaluation of freehold properties and to include investment properties and certain financial instruments at |
| fair value. The principal accounting policies adopted are set out below |
| Turnover |
| Turnover represents the value of rents receivable (net of any incentives) during the accounting period. |
| Tangible fixed assets |
| Investment property |
| Investment property, which is property held to earn rentals and/or for capital appreciation, is initially |
| recognised at cost, which includes the purchase cost and any directly attributable expenditure. |
| Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in |
| income statement. |
| Sicoda Limited (Registered number: 11303902) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| The tax expense represents the sum of the tax currently payable and deferred tax. |
| Current tax |
| The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as |
| reported in the income statement because it excludes items of income or expense that are taxable or |
| deductible in other years and it further excludes items that are never taxable or deductible. The company’s |
| liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the |
| reporting end date |
| Deferred tax |
| Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are |
| recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax |
| liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference |
| arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects |
| neither the tax profit nor the accounting profit. |
| The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the |
| extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the |
| asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period |
| when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income |
| statement, except when it relates to items charged or credited directly to equity, in which case the deferred |
| tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally |
| enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate |
| to taxes levied by the same tax authority. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 May 2020 |
| Additions |
| At 30 April 2021 |
| DEPRECIATION |
| Charge for year |
| At 30 April 2021 |
| NET BOOK VALUE |
| At 30 April 2021 |
| At 30 April 2020 |
| Sicoda Limited (Registered number: 11303902) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2021 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 May 2020 |
| Additions |
| Revaluations | 73,040 |
| At 30 April 2021 |
| NET BOOK VALUE |
| At 30 April 2021 |
| At 30 April 2020 |
| Fair value at 30 April 2021 is represented by: |
| £ |
| Valuation in 2021 | 495,000 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 2021 | 2020 |
| £ | £ |
| Deferred tax | 13,878 | - |
| Deferred |
| tax |
| £ |
| Provided during year |
| Balance at 30 April 2021 |