SICUT ENTERPRISES LIMITED

SICUT ENTERPRISES LIMITED

SICUT ENTERPRISES LIMITED - Company Information

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SICUT ENTERPRISES LIMITED

Company Registration Number:
08493688 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

SICUT ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

SICUT ENTERPRISES LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 146,909 168,320
Tangible assets: 4 404,438 409,940
Total fixed assets: 551,347 578,260
Current assets
Stocks: 217,542 301,695
Debtors:   233,000 242,140
Cash at bank and in hand: 510,635 819,919
Total current assets: 961,177 1,363,754
Creditors: amounts falling due within one year:   (419,295) (331,401)
Net current assets (liabilities): 541,882 1,032,353
Total assets less current liabilities: 1,093,229 1,610,613
Creditors: amounts falling due after more than one year:   (50,000) (50,000)
Total net assets (liabilities): 1,043,229 1,560,613
Capital and reserves
Called up share capital: 231 228
Share premium account: 4,007,023 3,884,268
Profit and loss account: (2,964,025) (2,323,883)
Shareholders funds: 1,043,229 1,560,613

The notes form part of these financial statements

SICUT ENTERPRISES LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 May 2018
and signed on behalf of the board by:

Name: Mr Deepak Aggarwal
Status: Director

The notes form part of these financial statements

SICUT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:Fixtures, fittings & equipment - 25% net book value

Intangible fixed assets and amortisation policy

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:Licence - period of the licence

SICUT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 5 5

SICUT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Intangible Assets

Total
Cost £
At 01 April 2017 214,117
At 31 March 2018 214,117
Amortisation
At 01 April 2017 45,797
Charge for year 21,411
At 31 March 2018 67,208
Net book value
At 31 March 2018 146,909
At 31 March 2017 168,320

SICUT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Tangible Assets

Total
Cost £
At 01 April 2017 585,535
Additions 129,312
At 31 March 2018 714,847
Depreciation
At 01 April 2017 175,595
Charge for year 134,814
At 31 March 2018 310,409
Net book value
At 31 March 2018 404,438
At 31 March 2017 409,940