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Sigma UK Distribution Limited
Registered Number:08922684
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Sigma UK Distribution Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08922684
As at 31 March 2024
Sigma UK Distribution Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
82,715
73,143
2
Financial assets
-
249
3
82,964
73,143
Current assets
Inventories
40,000
40,000
4
Trade and other receivables
117,603
112,112
5
50,589
Cash and cash equivalents
9,324
161,436
208,192
Trade and other payables: amounts falling due within one year
(229,623)
(212,327)
6
(21,431)
(50,891)
Net current liabilities
Total assets less current liabilities
32,073
51,712
Trade and other payables: amounts falling due after more than
one year
(26,830)
(31,501)
7
572
Net assets
24,882
Capital and reserves
Called up share capital
100
100
Retained earnings
472
24,782
572
24,882
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr D Griffin Director
These financial statements were approved and authorised for issue by the Board on 04 October 2024 and were signed by:
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4
Registered Number :
08922684
For the year ended 31 March 2024
Sigma UK Distribution Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Sigma UK Distribution Limited
Notes to the Financial Statements
Statutory Information
Sigma UK Distribution Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
08922684.
Principal place of business:
Merlin House
4 Meteor Way
Lee-on-the Solent
PO13 9FU
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
25% Reducing balance
Computer Equipment
15% Reducing balance
Motor Vehicles
25% Reducing balance
Fixtures and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 March 2024
Sigma UK Distribution Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Fixtures and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or valuation
At 01 April 2023
91,204
8,477
4,942
23,290
54,495
24,996
-
-
24,996
-
Additions
At 31 March 2024
48,286
4,942
8,477
116,200
54,495
Provision for depreciation and impairment
At 01 April 2023
18,061
3,945
2,448
3,494
8,174
Charge for year
15,424
1,134
624
6,718
6,948
At 31 March 2024
33,485
5,079
3,072
10,212
15,122
At 31 March 2024
Net book value
39,373
38,074
1,870
3,398
82,715
At 31 March 2023
46,321
19,796
2,494
4,532
73,143
3. Investments held as fixed assets
Own shares
Total
Cost
£
£
Disposals/Repayments
249
249
At 31 March 2024
249
249
At 31 March 2024
Net book value
249
249
4. Inventories
2023
2024
£
£
Stocks
40,000
40,000
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7
For the year ended 31 March 2024
Sigma UK Distribution Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
93,206
117,160
Other debtors
18,906
443
117,603
112,112
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
21,468
16,456
Trade creditors
114,143
96,437
Taxation and social security
22,283
47,213
Other creditors
54,433
69,517
212,327
229,623
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
31,501
26,830
8. Average number of persons employed
During the year the average number of employees was 4 (2023 : 4)
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