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REGISTERED NUMBER: 01449909 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SIGMA SECURITY DEVICES LIMITED

SIGMA SECURITY DEVICES LIMITED (REGISTERED NUMBER: 01449909)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIGMA SECURITY DEVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs L J Nightingale
Mrs C L Benwell
T D Nightingale
P G Nightingale





REGISTERED OFFICE: Unit 5, Connect 10
Foster Road
ASHFORD
Kent
TN24 0FE





REGISTERED NUMBER: 01449909 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

SIGMA SECURITY DEVICES LIMITED (REGISTERED NUMBER: 01449909)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,014 6,287

CURRENT ASSETS
Stocks 288,148 257,450
Debtors 5 150,326 113,470
Cash at bank 291,316 270,900
729,790 641,820
CREDITORS
Amounts falling due within one year 6 236,018 149,635
NET CURRENT ASSETS 493,772 492,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,786

498,472

PROVISIONS FOR LIABILITIES 3,803 1,195
NET ASSETS 509,983 497,277

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 509,883 497,177
SHAREHOLDERS' FUNDS 509,983 497,277

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.

SIGMA SECURITY DEVICES LIMITED (REGISTERED NUMBER: 01449909)

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 13 September 2024 and were signed on its behalf by:





Mrs C L Benwell - Director


SIGMA SECURITY DEVICES LIMITED (REGISTERED NUMBER: 01449909)

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

1. STATUTORY INFORMATION

Sigma Security Devices 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's place of business is Unit 5, Connect 10, Foster Road, Ashford, Kent, TN24 0FE.

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 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.
Improvements to leasehold - 10% on cost
Plant and equipment - 20% to 33.3% on cost

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

SIGMA SECURITY DEVICES LIMITED (REGISTERED NUMBER: 01449909)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
leasehold equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2023 58,979 60,104 - 119,083
Additions - 4,779 16,000 20,779
At 31 December 2023 58,979 64,883 16,000 139,862
DEPRECIATION
At 1 January 2023 58,979 53,817 - 112,796
Charge for year - 3,052 4,000 7,052
At 31 December 2023 58,979 56,869 4,000 119,848
NET BOOK VALUE
At 31 December 2023 - 8,014 12,000 20,014
At 31 December 2022 - 6,287 - 6,287

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 119,510 96,419
Other debtors & prepayments 30,816 17,051
150,326 113,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 226,569 132,568
Corporation tax 348 4,413
Other creditors & accruals 9,101 12,654
236,018 149,635

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 27,192 23,242
Between one and five years - 28,725
27,192 51,967

SIGMA SECURITY DEVICES LIMITED (REGISTERED NUMBER: 01449909)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. PARENT COMPANY

The company is a wholly owned subsidiary of Nightingale Holdings (Dover) Limited (the ultimate parent company). The registered office address for Nightingale Holdings (Dover) Limited is the same as Sigma Security Devices Limited, which can be found on the Company Information page.