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REGISTERED NUMBER: 06713667 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

SISTER RAY (2008) LTD

SISTER RAY (2008) LTD (REGISTERED NUMBER: 06713667)






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


SISTER RAY (2008) LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P J Barton
Mrs S J Barton





SECRETARY: Mrs S J Barton





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 06713667 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

SISTER RAY (2008) LTD (REGISTERED NUMBER: 06713667)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,385 12,735
10,385 12,735

CURRENT ASSETS
Stocks 6 340,000 320,000
Debtors 7 57,761 35,259
Cash at bank and in hand 67,702 54,418
465,463 409,677
CREDITORS
Amounts falling due within one year 8 225,287 198,823
NET CURRENT ASSETS 240,176 210,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,561

223,589

CREDITORS
Amounts falling due after more than one
year

9

(27,084

)

(52,083

)

PROVISIONS FOR LIABILITIES 10 - (2,420 )
NET ASSETS 223,477 169,086

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 223,465 169,074
SHAREHOLDERS' FUNDS 223,477 169,086

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.

SISTER RAY (2008) LTD (REGISTERED NUMBER: 06713667)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by:





P J Barton - Director


SISTER RAY (2008) LTD (REGISTERED NUMBER: 06713667)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sister Ray (2008) Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% 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.

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.

SISTER RAY (2008) LTD (REGISTERED NUMBER: 06713667)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 12 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 29,407
AMORTISATION
At 1 April 2023
and 31 March 2024 29,407
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 39,953 15,500 2,606 58,059
DEPRECIATION
At 1 April 2023 30,698 13,125 1,501 45,324
Charge for year 1,390 595 365 2,350
At 31 March 2024 32,088 13,720 1,866 47,674
NET BOOK VALUE
At 31 March 2024 7,865 1,780 740 10,385
At 31 March 2023 9,255 2,375 1,105 12,735

SISTER RAY (2008) LTD (REGISTERED NUMBER: 06713667)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. STOCKS
2024 2023
£    £   
Stocks 340,000 320,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,000 3,610
Complete Control (2020) Ltd 19,119 19,119
Jim-ExSelecky Ltd - 11,508
Prepayments 9,642 1,022
57,761 35,259

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,000 25,000
Other loans 20,000 20,000
Trade creditors 76,683 72,121
Social security and other taxes 8,106 7,891
VAT 64,184 29,235
Jim-ExSelecky Ltd - 15,953
Pension payable 1,642 -
Directors' loan accounts 25,672 24,623
Accrued expenses 4,000 4,000
225,287 198,823

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 25,000 25,000
Bank loans - 2-5 years 2,084 27,083
27,084 52,083

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 2,420

SISTER RAY (2008) LTD (REGISTERED NUMBER: 06713667)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 2,420
Credit to Income Statement during year (2,420 )
Balance at 31 March 2024 -

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P J Barton.