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REGISTERED NUMBER: 07623189 (England and Wales)















SIGMA EURO-COMM LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






SIGMA EURO-COMM LIMITED (REGISTERED NUMBER: 07623189)






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 EURO-COMM LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T Kirby
P Kirby





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 07623189 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

SIGMA EURO-COMM LIMITED (REGISTERED NUMBER: 07623189)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,103 4,102
3,103 4,102

CURRENT ASSETS
Stocks 6 21,889 28,616
Debtors 7 40,556 43,945
Cash at bank and in hand 89,590 110,197
152,035 182,758
CREDITORS
Amounts falling due within one year 8 90,774 102,721
NET CURRENT ASSETS 61,261 80,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,364

84,139

CREDITORS
Amounts falling due after more than one
year

9

(15,833

)

(25,833

)

PROVISIONS FOR LIABILITIES (448 ) (625 )
NET ASSETS 48,083 57,681

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,983 57,581
SHAREHOLDERS' FUNDS 48,083 57,681

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 EURO-COMM LIMITED (REGISTERED NUMBER: 07623189)

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 25 September 2024 and were signed on its behalf by:




T Kirby - Director



P Kirby - Director


SIGMA EURO-COMM LIMITED (REGISTERED NUMBER: 07623189)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Sigma Euro-Comm 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 (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

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.

SIGMA EURO-COMM LIMITED (REGISTERED NUMBER: 07623189)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 49,357
AMORTISATION
At 1 January 2023
and 31 December 2023 49,357
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 5,166 14,991 1,158 21,315
Additions - 99 - 99
Disposals - - (1,158 ) (1,158 )
At 31 December 2023 5,166 15,090 - 20,256
DEPRECIATION
At 1 January 2023 4,179 11,919 1,115 17,213
Charge for year 253 802 11 1,066
Eliminated on disposal - - (1,126 ) (1,126 )
At 31 December 2023 4,432 12,721 - 17,153
NET BOOK VALUE
At 31 December 2023 734 2,369 - 3,103
At 31 December 2022 987 3,072 43 4,102

6. STOCKS
2023 2022
£    £   
Stocks 21,889 28,616

SIGMA EURO-COMM LIMITED (REGISTERED NUMBER: 07623189)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,917 41,025
Prepayments 2,639 2,920
40,556 43,945

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,420 10,000
Trade creditors 27,990 49,800
Social security and other taxes 43,000 38,821
Directors' current accounts 314 680
Accrued expenses 8,050 3,420
90,774 102,721

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,833 15,833
15,833 25,833

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 4,007
Between one and five years - 1,336
- 5,343