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Company Registration No. 11801771 (England and Wales)
Sinclair Commodities Ltd Unaudited accounts for the year ended 29 February 2024
Sinclair Commodities Ltd Unaudited accounts Contents
Page
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Sinclair Commodities Ltd Company Information for the year ended 29 February 2024
Directors
Mr M Roth Mr I M Kreditor
Secretary
Mr M Roth
Company Number
11801771 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Sinclair Commodities Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
326 
326 
Cash at bank and in hand
326 
255 
652 
581 
Creditors: amounts falling due within one year
(11,607)
(8,374)
Net current liabilities
(10,955)
(7,793)
Total assets less current liabilities
(10,955)
(7,793)
Creditors: amounts falling due after more than one year
(11,756)
(13,948)
Net liabilities
(22,711)
(21,741)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(22,712)
(21,742)
Shareholders' funds
(22,711)
(21,741)
For the year ending 29 February 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by
Mr M Roth Director Company Registration No. 11801771
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Sinclair Commodities Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Sinclair Commodities Ltd is a private company, limited by shares, registered in England and Wales, registration number 11801771. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
326 
326 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,222 
2,222 
Loans from directors
8,399 
5,659 
Accruals
986 
493 
11,607 
8,374 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,756 
13,948 
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Sinclair Commodities Ltd Notes to the Accounts for the year ended 29 February 2024
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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