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REGISTERED NUMBER: 07149660 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SITORUS LIMITED

SITORUS LIMITED (REGISTERED NUMBER: 07149660)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SITORUS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr H M Sitorus
Mrs A Sitorus



REGISTERED OFFICE: 17 Church Street
Kingsteignton
Newton Abbot
Devon
TQ12 3BQ



REGISTERED NUMBER: 07149660 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: HSBC
42 Courtenay Street
Newton Abbot
Devon
TQ12 2EB

SITORUS LIMITED (REGISTERED NUMBER: 07149660)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,068 2,713

CURRENT ASSETS
Debtors 5 27,839 10,150
Cash at bank 16,650 10,273
44,489 20,423
CREDITORS
Amounts falling due within one year 6 28,345 18,506
NET CURRENT ASSETS 16,144 1,917
TOTAL ASSETS LESS CURRENT LIABILITIES 18,212 4,630

PROVISIONS FOR LIABILITIES 393 515
NET ASSETS 17,819 4,115

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 17,817 4,113
SHAREHOLDERS' FUNDS 17,819 4,115

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

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 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.

SITORUS LIMITED (REGISTERED NUMBER: 07149660)

BALANCE SHEET - continued
31 MARCH 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 Income and Retained Earnings has not been delivered.

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




Mr H M Sitorus - Director



Mrs A Sitorus - Director


SITORUS LIMITED (REGISTERED NUMBER: 07149660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Sitorus 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.

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.
Plant and machinery - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

SITORUS LIMITED (REGISTERED NUMBER: 07149660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 8,719 679 9,398
DEPRECIATION
At 1 April 2023 6,345 340 6,685
Charge for year 475 170 645
At 31 March 2024 6,820 510 7,330
NET BOOK VALUE
At 31 March 2024 1,899 169 2,068
At 31 March 2023 2,374 339 2,713

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 13,345 8,933
Directors' current accounts 14,494 -
Prepayments - 246
27,839 9,179

Amounts falling due after more than one year:
Tax - 971

Aggregate amounts 27,839 10,150

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 13,728 -
Social security and other taxes 2,491 992
VAT 9,158 13,228
Other creditors 1,648 1,194
Directors' current accounts - 1,897
Accrued expenses 1,320 1,195
28,345 18,506

SITORUS LIMITED (REGISTERED NUMBER: 07149660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs A Sitorus
Balance outstanding at start of year (1,058 ) -
Amounts advanced 28,700 942
Amounts repaid (27,500 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 142 (1,058 )

Mr H M Sitorus
Balance outstanding at start of year (839 ) 773
Amounts advanced 25,690 75,088
Amounts repaid (10,500 ) (76,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,351 (839 )

Loans are unsecured, interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £38,000 (2023 - £2,000) were paid to the directors .