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REGISTERED NUMBER: 05629007 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SIJU LIMITED

SIJU LIMITED (REGISTERED NUMBER: 05629007)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


SIJU LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S Ribbans
J Ribbans





SECRETARY: S Ribbans





REGISTERED OFFICE: Ground Floor, Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR





REGISTERED NUMBER: 05629007 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

SIJU LIMITED (REGISTERED NUMBER: 05629007)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,933 9,245
Investment property 5 485,000 485,000
491,933 494,245

CURRENT ASSETS
Stocks 1,327,334 1,048,283
Debtors 6 781 2,080
Cash at bank 113,669 73,609
1,441,784 1,123,972
CREDITORS
Amounts falling due within one year 7 1,842,169 1,477,291
NET CURRENT LIABILITIES (400,385 ) (353,319 )
TOTAL ASSETS LESS CURRENT LIABILITIES 91,548 140,926

PROVISIONS FOR LIABILITIES 9 1,734 2,311
NET ASSETS 89,814 138,615

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 (31,305 ) (31,305 )
Retained earnings 121,019 169,820
SHAREHOLDERS' FUNDS 89,814 138,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

SIJU LIMITED (REGISTERED NUMBER: 05629007)

BALANCE SHEET - continued
31 DECEMBER 2023


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 30 August 2024 and were signed on its behalf by:




S Ribbans - Director



J Ribbans - Director


SIJU LIMITED (REGISTERED NUMBER: 05629007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Siju 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 as modified by the revaluation of certain assets.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


SIJU LIMITED (REGISTERED NUMBER: 05629007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 753 1,690 29,700 32,143
DEPRECIATION
At 1 January 2023 318 1,690 20,890 22,898
Charge for year 109 - 2,203 2,312
At 31 December 2023 427 1,690 23,093 25,210
NET BOOK VALUE
At 31 December 2023 326 - 6,607 6,933
At 31 December 2022 435 - 8,810 9,245

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 485,000
NET BOOK VALUE
At 31 December 2023 485,000
At 31 December 2022 485,000

SIJU LIMITED (REGISTERED NUMBER: 05629007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INVESTMENT PROPERTY - continued

Investment property was valued on an open market basis by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 781 2,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 695,022 498,750
Trade creditors 3,366 142
Other creditors 1,143,781 978,399
1,842,169 1,477,291

Included in other creditors is a balance of £450,000 (2022: £450,000) owed to the company pension scheme. Interest is charged on this loan at 5% per annum.

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 695,022 498,750

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 1,734 2,311

Deferred
tax
£   
Balance at 1 January 2023 2,311
Credit to Income Statement during year (577 )
Balance at 31 December 2023 1,734

10. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 (31,305 )

SIJU LIMITED (REGISTERED NUMBER: 05629007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is a directors loan balance of £688,231 (2022 - £510,719) due to S Ribbans and J Ribbans, both directors and shareholders of the company. There are no terms of interest or repayment in respect of this balance.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the Ribbans who are directors and shareholders of the company.