Company Registration No. 07976139 (England and Wales)
S I Controls Limited
Unaudited accounts
for the year ended 31 March 2020
S I Controls Limited
Unaudited accounts
Contents
S I Controls Limited
Company Information
for the year ended 31 March 2020
Director
Simon Anthony Taylor
Company Number
07976139 (England and Wales)
Registered Office
24 Cannon Terrace
Wisbech
Cambs
PE13 2QW
S I Controls Limited
Statement of financial position
as at
31 March 2020
Tangible assets
1,044
1,566
Cash at bank and in hand
2,351
45,353
Creditors: amounts falling due within one year
(9,312)
(15,537)
Net current assets
20,152
29,816
Called up share capital
1
1
Profit and loss account
21,195
31,381
Shareholders' funds
21,196
31,382
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 September 2020 and were signed on its behalf by
Simon Anthony Taylor
Director
Company Registration No. 07976139
S I Controls Limited
Notes to the Accounts
for the year ended 31 March 2020
S I Controls Limited is a private company, limited by shares, registered in England and Wales, registration number 07976139. The registered office is 24 Cannon Terrace, Wisbech, Cambs, PE13 2QW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2018.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 year straight line
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
S I Controls Limited
Notes to the Accounts
for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
6,603
11,517
Other creditors
1,929
3,263
Loans from directors
-
(23)
7
Average number of employees
During the year the average number of employees was 1 (2019: 1).