SIGMA ENGINEERING PRODUCT DESIGN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017
Company Registration Number 04475408 (England and Wales)
PAGES FOR FILING WITH REGISTRAR
SIGMA ENGINEERING PRODUCT DESIGN LTD
BALANCE SHEET
AS AT
31 JULY 2017
31 July 2017
- 1 -
2017
2016
as restated
£
£
£
£
Fixed assets
56,668
49,776
Current assets
84,032
111,497
Prepayments and accrued income
297
301
Creditors: amounts falling due within one year
(61,344)
(96,200)
Net current assets
22,985
15,598
Total assets less current liabilities
79,653
65,374
Creditors: amounts falling due after more than one year
(225,108)
(239,921)
Net liabilities
(145,455)
(174,547)
Capital and reserves
(145,455)
(174,547)
Notes to the financial statements
1
Average employees
The average number of persons (including directors) employed by the company during the year was 6 (2016 - 5).
2
Going Concern
At 31 July 2017 the company's liabilities exceeded its assets by £145,455 (2016 - £174,547). At that date the loans advanced by D James, director, and W Murray stood at £191,212 (2016 - £203,683). These amounts are the subject of a subordination agreement between Mr James and Mr Murray and the company, ranking the loans below ordinary creditors until such a time that the company is able to repay the outstanding amounts.
Sigma Engineering Product Design Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 3 Bullace Lane, Dartford, Kent, DA1 1BB.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
For the year ended 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
SIGMA ENGINEERING PRODUCT DESIGN LTD
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2017
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 27 April 2018
Mr Densley James
Director
Company Registration Number 04475408