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Registered number: 04963602

Sierra Engineering and Communications Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
Malcolm Roussak & Co
Chartered Accountants
52 Bury Old Road
Whitefield
Manchester
M45 6TL

Sierra Engineering and Communications Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
Alan Foxley
David Clive Johnson
SECRETARY
Alan Foxley
REGISTERED OFFICE
2a, Nursery Road
Prestwich
Manchester
M25 3EN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04963602
BANKERS
HSBC Bank plc
ACCOUNTANTS
Malcolm Roussak & Co
Chartered Accountants
52 Bury Old Road
Whitefield
Manchester
M45 6TL

Sierra Engineering and Communications Ltd

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Sierra Engineering and Communications Ltd

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets31,1021,469
CURRENT ASSETS
Stock10,7507,005
Debtors595,685102,353
Cash at bank and in hand20,16211,769
126,597121,127
CREDITORS: Amounts falling due within one year655,53741,675
NET CURRENT ASSETS71,06079,452
TOTAL ASSETS LESS CURRENT LIABILITIES72,16280,921
CREDITORS: Amounts falling due after more than one year726,99945,939
PROVISIONS FOR LIABILITIES AND CHARGES8209252
NET ASSETS44,95434,730
CAPITAL AND RESERVES
Called up share capital91,0001,000
Profit and loss account43,95433,730
SHAREHOLDERS' FUNDS44,95434,730
For the year ending 30/11/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/08/2024 and signed on their behalf by
.............................
Alan Foxley
Director

Sierra Engineering and Communications Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees22

Sierra Engineering and Communications Ltd

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/12/202211,45811,458
At 30/11/202311,45811,458
Depreciation
At 01/12/20229,9899,989
For the year367367
At 30/11/202310,35610,356
Net Book Amounts
At 30/11/20231,1021,102
At 30/11/20221,4691,469
4. STOCK 20232022
££
Stock comprises:
Stock5,4555,335
Work in progress5,2951,670
10,7507,005
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors95,685102,200
PAYE control-153
95,685102,353

Sierra Engineering and Communications Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax3,7792,094
VAT4,0865,864
PAYE control1,487-
Directors current account209594
Bank Loan6,9416,762
Credit card2,2613,050
Trade creditors34,34421,111
Accruals2,4302,200
55,53741,675
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr16,88923,829
Shareholder loan SIS3,0009,000
Shareholder loan Cointel7,11013,110
26,99945,939
In March 2021 the company took out a loan of £35,000 under the Bounceback loan scheme. Repayments commenced in April 2022 at £621 per month representing a repayment of capital and interest. The term of the loan is 60 months. Amounts repayable in under 1 year are £6,941 (2022 - £6,762) - between 1 and 2 years £7,454 ( 2022 - £6,911) - between 2 and 5 years £9,435 ( 2022 - £16,889)
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation209252
209252

Sierra Engineering and Communications Ltd

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000