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SIFTLORD SECURITIES LIMITED

Registered Number
01797658
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

SIFTLORD SECURITIES LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

FARAZMAND, Jonathan Cyrus

Company Secretary

FARAZMAND, Susan Jane

Registered Address

242a Canbury Park Road
Kingston On Thames
Surrey
KT2 6LG

Registered Number

01797658 (England and Wales)
SIFTLORD SECURITIES LIMITED
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3292,210267,839
292,210267,839
Current assets
Stocks4163,241163,691
Debtors512,09513,925
Cash at bank and on hand708,064634,962
883,400812,578
Creditors amounts falling due within one year6(102,241)(86,118)
Net current assets (liabilities)781,159726,460
Total assets less current liabilities1,073,369994,299
Creditors amounts falling due after one year7(10,833)(20,834)
Provisions for liabilities8(14,899)(7,449)
Net assets1,047,637966,016
Capital and reserves
Called up share capital100100
Profit and loss account1,047,537965,916
Shareholders' funds1,047,637966,016
The financial statements were approved and authorised for issue by the Director on 15 January 2025, and are signed on its behalf by:
FARAZMAND, Jonathan Cyrus
Director
Registered Company No. 01797658
SIFTLORD SECURITIES LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
The directors are of the opinion that no depreciation of the freehold land or improvements to property is necessary since the estimated useful economic life of the property exceeds 50 years.

Reducing balance (%)Straight line (years)
Plant and machinery25-
Vehicles25-
Office Equipment2510
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year76
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 July 23196,997155,32877,57558,399488,299
Additions-4,06447,395-51,459
Disposals--(16,350)-(16,350)
At 30 June 24196,997159,392108,62058,399523,408
Depreciation and impairment
At 01 July 23-139,76354,57326,124220,460
Charge for year-4,90815,6614,20924,778
On disposals--(14,040)-(14,040)
At 30 June 24-144,67156,19430,333231,198
Net book value
At 30 June 24196,99714,72152,42628,066292,210
At 30 June 23196,99715,56523,00232,275267,839
4.Stocks

2024

2023

££
Other stocks163,241163,691
Total163,241163,691
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables8863,527
Prepayments and accrued income11,20910,398
Total12,09513,925
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables32,05422,189
Bank borrowings and overdrafts10,00010,000
Taxation and social security52,93442,075
Other creditors2,4136,865
Accrued liabilities and deferred income4,8404,989
Total102,24186,118
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,83320,834
Total10,83320,834
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)14,8997,449
Total14,8997,449