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REGISTERED NUMBER: 02899500 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023

FOR

SIGMA ASL LOGISTICS LIMITED

SIGMA ASL LOGISTICS LIMITED (REGISTERED NUMBER: 02899500)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 2 to 4


SIGMA ASL LOGISTICS LIMITED (REGISTERED NUMBER: 02899500)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 30.6.23
Notes £    £   
CURRENT ASSETS
Debtors 5 147,804 152,469

CREDITORS
Amounts falling due within one year 6 (352,160 ) (347,108 )
NET CURRENT LIABILITIES (204,356 ) (194,639 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(204,356

)

(194,639

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (204,456 ) (194,739 )
(204,356 ) (194,639 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





V J Pais - Director


SIGMA ASL LOGISTICS LIMITED (REGISTERED NUMBER: 02899500)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Sigma ASL Logistics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02899500

Registered office: Ground Floor Progress House
41 Progress Road
Eastwood
Leigh on Sea
Essex
SS9 5PR

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
There were no judgements made in the process of applying the entity's accounting policies.

GOING CONCERN
During the year the company became a wholly owned subsidiary of Sigma Companies International Corporation, a company registered in the USA. Sigma Companies International Corporation have provided support to the UK group to enable them to meet their liabilities as they fall due.

As a result of the above, the directors and shareholders believe the company is a going concern and therefore, the accounts have been prepared on a going concern basis.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

SIGMA ASL LOGISTICS LIMITED (REGISTERED NUMBER: 02899500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 2 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.6.23
£    £   
Amounts owed by group undertakings - 4,665
Directors' current accounts 116,275 116,275
Tax 31,529 31,529
147,804 152,469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.6.23
£    £   
Bank loans and overdrafts - 347,108
Amounts owed to group undertakings 352,160 -
352,160 347,108

The company is party to a composite company limited Multilateral Guarantee dated 20 December 2007 covering all the UK companies across the group, the guarantee is in favour of HSBC Bank Plc.

The company is party to an unlimited Multilateral Guarantee dated 8 March 2018 covering all the UK companies across the group, the guarantee is in favour of HSBC Bank Plc.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Helen Tidyman (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited

SIGMA ASL LOGISTICS LIMITED (REGISTERED NUMBER: 02899500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

31.12.2330.06.23
££

A J Elliott
Balance outstanding at start of period116,275116,275
Amounts repaid--
Amounts written off--
Amounts waived--
Balance outstanding at end of period116,275116,275

Amounts advanced to the director are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE PARENT UNDERTAKING

The ultimate parent undertaking is Sigma Companies International Corporation, a company registered in the USA. The registered office of the ultimate parent undertaking is 700 Goldman Drive, Cream Ridge, NJ 08514. A copy of the consolidated financial statements can be obtained from the registered office.

11. GOING CONCERN

During the year the company became a wholly owned subsidiary of Sigma Companies International Corporation, a company registered in the USA. Sigma Companies International Corporation have provided support to the UK group to enable them to meet their liabilities as they fall due.

As a result of the above, the directors and shareholders believe the company is a going concern and therefore, the accounts have been prepared on a going concern basis.