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Registered number: 01973300
Sintek Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
SFB Group Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01973300
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,927 2,890
1,927 2,890
CURRENT ASSETS
Debtors 5 42,527 75,779
Investments 6 266,298 195,988
Cash at bank and in hand 1,190,551 1,179,353
1,499,376 1,451,120
Creditors: Amounts Falling Due Within One Year 7 (88,170 ) (97,269 )
NET CURRENT ASSETS (LIABILITIES) 1,411,206 1,353,851
TOTAL ASSETS LESS CURRENT LIABILITIES 1,413,133 1,356,741
NET ASSETS 1,413,133 1,356,741
CAPITAL AND RESERVES
Called up share capital 8 10 10
Revaluation reserve 9 221,820 152,330
Profit and Loss Account 1,191,303 1,204,401
SHAREHOLDERS' FUNDS 1,413,133 1,356,741
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R A Benson
Director
07/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sintek Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01973300 . The registered office is Unit 8, Oak Spinney Park Ratby Lane, Leicester Forest East, Leicester, Leicestershire, LE3 3AW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts, valued added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.
Depreciation is provided on the following basis:
Computer Equipment 25% per annum on cost
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 
2.4. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.6. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 9,899
As at 31 May 2024 9,899
Depreciation
As at 1 June 2023 7,009
Provided during the period 963
As at 31 May 2024 7,972
Net Book Value
As at 31 May 2024 1,927
As at 1 June 2023 2,890
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 42,277 74,096
Other debtors 250 1,683
42,527 75,779
6. Current Asset Investments
2024 2023
£ £
Other investments, held for sale 266,298 195,988
Current asset investments are stated at valuation.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,248 9,121
Other creditors 81,493 68,654
Taxation and social security 429 19,494
88,170 97,269
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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9. Reserves
Revaluation Reserve
£
As at 1 June 2023 152,330
Revaluation of investments 69,490
As at 31 May 2024 221,820
10. Related Party Transactions
During the year the company traded with Sintek International AB, a company which owns 20% of the issued share capital of
the company.
During the year the company purchased goods amounting to £31,124 (2023 £109,552) from Sintek International AB.
Included in other creditors is an amount of £605 (2023 £8,162) owed to Sintek International AB.
All transactions were on a commercial basis and at arms length.
Also included in other creditors is an amount due to the director R A Benson totalling £77,933 (2023 £56,987) this is interest free and repayable on demand.
11. Controlling Party
The company is controlled by R A Benson, the director of the company, by virtue of his shareholding.
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