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REGISTERED NUMBER: 05414127 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SPHINX INDUSTRIAL SUPPLIES LIMITED

SPHINX INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: 05414127)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SPHINX INDUSTRIAL SUPPLIES LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Mr J A Fletcher
W A Fletcher
Mr J A Fletcher
Mrs W A Fletcher





REGISTERED OFFICE: 26 Brindley Road
Bayton Road Industrial Estate
Exhall
Coventry
West Midlands
CV7 9EP





REGISTERED NUMBER: 05414127 (England and Wales)






SPHINX INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: 05414127)

ABRIDGED BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 656,236 661,196
656,236 661,196

CURRENT ASSETS
Stocks 737,663 709,564
Debtors 6 692,320 661,729
Cash at bank and in hand 253,117 268,855
1,683,100 1,640,148
CREDITORS
Amounts falling due within one year 693,426 598,663
NET CURRENT ASSETS 989,674 1,041,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,645,910

1,702,681

CREDITORS
Amounts falling due after more than one
year

7

(117,655

)

(272,406

)

PROVISIONS FOR LIABILITIES (4,501 ) (5,686 )

ACCRUALS AND DEFERRED INCOME (47,723 ) (47,333 )
NET ASSETS 1,476,031 1,377,256

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 2,550 2,550
Retained earnings 1,473,381 1,374,606
SHAREHOLDERS' FUNDS 1,476,031 1,377,256

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.

SPHINX INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: 05414127)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





Mr J A Fletcher - Director


SPHINX INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: 05414127)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Sphinx Industrial Supplies 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 accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the prior year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


SPHINX INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: 05414127)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 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 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 20,000
AMORTISATION
At 1 May 2023
and 30 April 2024 20,000
NET BOOK VALUE

At 30 April 2024 -
At 30 April 2023 -

SPHINX INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: 05414127)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 783,956
Additions 3,340
At 30 April 2024 787,296
DEPRECIATION
At 1 May 2023 122,760
Charge for year 8,300
At 30 April 2024 131,060
NET BOOK VALUE
At 30 April 2024 656,236
At 30 April 2023 661,196

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other debtors 113,089 115,035

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans - more than 5 years 75,015 180,622

8. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.