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REGISTERED NUMBER: 08022055 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Sirocco Trading Limited

Sirocco Trading Limited (Registered number: 08022055)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Sirocco Trading Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr R K Klair
Mr S Dhuphar





REGISTERED OFFICE: 190 High Street
Aston
Birmingham
West Midlands
B6 4XA





REGISTERED NUMBER: 08022055 (England and Wales)





ACCOUNTANTS: AKB Group Limited
91 Soho Hill
Hockley
Birmingham
West Midlands
B19 1AY

Sirocco Trading Limited (Registered number: 08022055)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,837 57,615

CURRENT ASSETS
Stocks 96,000 365,000
Debtors 5 641,692 590,861
Cash at bank and in hand 233,041 133,320
970,733 1,089,181
CREDITORS
Amounts falling due within one year 6 832,327 910,572
NET CURRENT ASSETS 138,406 178,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,243

236,224

CREDITORS
Amounts falling due after more than one year 7 (151,440 ) (209,732 )

PROVISIONS FOR LIABILITIES (12,710 ) (11,229 )
NET ASSETS 25,093 15,263

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 24,993 15,163
SHAREHOLDERS' FUNDS 25,093 15,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Sirocco Trading Limited (Registered number: 08022055)

Balance Sheet - continued
30 April 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 28 January 2025 and were signed on its behalf by:





Mr R K Klair - Director


Sirocco Trading Limited (Registered number: 08022055)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Sirocco Trading 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 - 15% on reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method.

The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

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.

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 23 (2023 - 13 ) .

Sirocco Trading Limited (Registered number: 08022055)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 132,233
Additions 2,267
At 30 April 2024 134,500
DEPRECIATION
At 1 May 2023 74,618
Charge for year 9,045
At 30 April 2024 83,663
NET BOOK VALUE
At 30 April 2024 50,837
At 30 April 2023 57,615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 641,692 590,861

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 51,819 108,816
Trade creditors 466,696 507,866
Taxation and social security 228,849 256,465
Other creditors 84,963 37,425
832,327 910,572

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 151,440 209,732

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

Sirocco Trading Limited (Registered number: 08022055)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr S Dhuphar and Mr R K Klair
Balance outstanding at start of year 76,970 93,672
Amounts advanced 63,180 76,970
Amounts repaid (76,970 ) (93,672 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,180 76,970

The loan advanced is repayable within 1 year and no interest is chargeable.

10. RELATED PARTY DISCLOSURES

Included within other debtors is a balance due from a company under common control of £35,533 (2023 - £114,371 )