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REGISTERED NUMBER: 09881646 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CIGARS & SWEETS LIMITED

CIGARS & SWEETS LIMITED (REGISTERED NUMBER: 09881646)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CIGARS & SWEETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr M A Gaglani
Mrs P M Gaglani





REGISTERED OFFICE: 144 Fenchurch Street
London
EC3M 6BL





REGISTERED NUMBER: 09881646 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

CIGARS & SWEETS LIMITED (REGISTERED NUMBER: 09881646)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,792 5,687
Tangible assets 5 2,106 2,808
5,898 8,495

CURRENT ASSETS
Stocks 58,250 38,500
Debtors 6 9,196 11,023
Cash at bank and in hand 49,485 51,400
116,931 100,923
CREDITORS
Amounts falling due within one year 7 57,286 43,784
NET CURRENT ASSETS 59,645 57,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,543

65,634

CREDITORS
Amounts falling due after more than one year 8 11,171 20,621
NET ASSETS 54,372 45,013

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,272 44,913
SHAREHOLDERS' FUNDS 54,372 45,013

CIGARS & SWEETS LIMITED (REGISTERED NUMBER: 09881646)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 18 July 2024 and were signed on its behalf by:





Mr M A Gaglani - Director


CIGARS & SWEETS LIMITED (REGISTERED NUMBER: 09881646)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Cigars & Sweets Limited is a private company, limited by shares , registered in England and Wales. The 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 18,956
AMORTISATION
At 1 April 2023 13,269
Charge for year 1,895
At 31 March 2024 15,164
NET BOOK VALUE
At 31 March 2024 3,792
At 31 March 2023 5,687

CIGARS & SWEETS LIMITED (REGISTERED NUMBER: 09881646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 17,778
DEPRECIATION
At 1 April 2023 14,970
Charge for year 702
At 31 March 2024 15,672
NET BOOK VALUE
At 31 March 2024 2,106
At 31 March 2023 2,808

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 2,196 4,023

Amounts falling due after more than one year:
Trade debtors 7,000 7,000

Aggregate amounts 9,196 11,023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank Loan and Overdrafts 10,116 10,116
Taxation and social security 8,777 5,606
Other creditors 38,393 28,062
57,286 43,784

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 11,171 20,621