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REGISTERED NUMBER: 04947316 (England and Wales)



Financial Statements for the Year Ended 31 January 2024

for

Ciel (Concessions) Limited

Ciel (Concessions) Limited (Registered number: 04947316)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ciel (Concessions) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr B S Green
Mrs J D Green





SECRETARY: Mr T O Green





REGISTERED OFFICE: Chesca Head Office Unit A To D
2 Tufnell Park Road
London
N7 0DP





REGISTERED NUMBER: 04947316 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Ciel (Concessions) Limited (Registered number: 04947316)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 32,425 37,803

CURRENT ASSETS
Stocks 5 981,083 731,161
Debtors 6 135,647 100,264
Cash at bank 102,157 292,492
1,218,887 1,123,917
CREDITORS
Amounts falling due within one year 7 (696,622 ) (509,407 )
NET CURRENT ASSETS 522,265 614,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,690

652,313

CREDITORS
Amounts falling due after more than one
year

8

(24,953

)

(34,849

)

PROVISIONS FOR LIABILITIES 10 (5,757 ) (6,868 )
NET ASSETS 523,980 610,596

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 523,978 610,594
SHAREHOLDERS' FUNDS 523,980 610,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Ciel (Concessions) Limited (Registered number: 04947316)

Statement of Financial Position - continued
31 January 2024


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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





Mrs J D Green - Director


Ciel (Concessions) Limited (Registered number: 04947316)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Ciel (Concessions) 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 statement of financial position date.


Ciel (Concessions) Limited (Registered number: 04947316)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 31 ) .

Ciel (Concessions) Limited (Registered number: 04947316)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2023 308,302 15,050 323,352
Additions 476 - 476
At 31 January 2024 308,778 15,050 323,828
DEPRECIATION
At 1 February 2023 271,628 13,921 285,549
Charge for year 5,572 282 5,854
At 31 January 2024 277,200 14,203 291,403
NET BOOK VALUE
At 31 January 2024 31,578 847 32,425
At 31 January 2023 36,674 1,129 37,803

5. STOCKS
31.1.24 31.1.23
£    £   
Finished goods 981,083 731,161

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 79,907 59,774
Prepayments 55,740 40,490
135,647 100,264

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 9) 38,393 26,655
Trade creditors 181,986 149,512
Tax (1,847 ) 1,847
Social security and other taxes 12,888 25,625
Pension 1,356 2,186
VAT 107,366 50,581
Other creditors 173,270 173,270
Directors' current accounts 170,671 73,874
Accrued expenses 12,539 5,857
696,622 509,407

Ciel (Concessions) Limited (Registered number: 04947316)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 9) 24,953 34,849

9. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 38,393 26,655

Amounts falling due between two and five years:
Bounce back loan 24,953 34,849

10. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 5,757 6,868

Deferred
tax
£   
Balance at 1 February 2023 6,868
Provided during year (1,111 )
Balance at 31 January 2024 5,757

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
200 Ordinary 1p 2 2

200 Ordinary shares of 1p were issued during the year for cash of £ 2 .

12. RESERVES
Retained
earnings
£   

At 1 February 2023 610,594
Deficit for the year (86,616 )
At 31 January 2024 523,978

Ciel (Concessions) Limited (Registered number: 04947316)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


13. RELATED PARTY DISCLOSURES

Included within creditors is £170,671 (2023: £73,874) being amounts owed to key management personal of the company. The loan is interest free and payable on demand.

In other creditors is £173,270 being a loan owed Greenhouse Investments Limited, a mutually controlled company. The loan is interest free and is repayable on demand.