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REGISTERED NUMBER: 08550368 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

SIGMA PROJECTS (CONTROL PANELS) LIMITED

SIGMA PROJECTS (CONTROL PANELS) LIMITED (REGISTERED NUMBER: 08550368)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIGMA PROJECTS (CONTROL PANELS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: A R Higham





REGISTERED OFFICE: Unit J7 Swan Centre
4 Higher Swan Lane
Bolton
Lancashire
BL3 3AQ





REGISTERED NUMBER: 08550368 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

SIGMA PROJECTS (CONTROL PANELS) LIMITED (REGISTERED NUMBER: 08550368)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 37,246 8,856
37,246 8,856

CURRENT ASSETS
Debtors 7 61,261 43,836
Cash at bank 1,285 -
62,546 43,836
CREDITORS
Amounts falling due within one year 8 45,396 44,194
NET CURRENT ASSETS/(LIABILITIES) 17,150 (358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,396

8,498

CREDITORS
Amounts falling due after more than one
year

9

(24,469

)

-

PROVISIONS FOR LIABILITIES (7,967 ) (1,683 )
NET ASSETS 21,960 6,815

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 21,959 6,814
SHAREHOLDERS' FUNDS 21,960 6,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SIGMA PROJECTS (CONTROL PANELS) LIMITED (REGISTERED NUMBER: 08550368)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 17 February 2025 and were signed by:





A R Higham - Director


SIGMA PROJECTS (CONTROL PANELS) LIMITED (REGISTERED NUMBER: 08550368)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Sigma Projects (Control Panels) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 20% on reducing balance

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.

SIGMA PROJECTS (CONTROL PANELS) LIMITED (REGISTERED NUMBER: 08550368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 8,000
AMORTISATION
At 1 June 2023
and 31 May 2024 8,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

6. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 7,379 14,300 4,623 26,302
Additions - 42,880 679 43,559
Disposals - (14,300 ) - (14,300 )
At 31 May 2024 7,379 42,880 5,302 55,561
DEPRECIATION
At 1 June 2023 5,672 8,442 3,332 17,446
Charge for year 341 8,576 394 9,311
Eliminated on disposal - (8,442 ) - (8,442 )
At 31 May 2024 6,013 8,576 3,726 18,315
NET BOOK VALUE
At 31 May 2024 1,366 34,304 1,576 37,246
At 31 May 2023 1,707 5,858 1,291 8,856

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 28,970 27,555
Social security and other
taxes 18,870 10,609
VAT 13,421 5,672
61,261 43,836

SIGMA PROJECTS (CONTROL PANELS) LIMITED (REGISTERED NUMBER: 08550368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 5,500
Hire purchase contracts 6,247 4,089
Trade creditors 1,871 5,093
Tax 713 2,711
Directors current account 35,015 25,251
Accrued expenses 1,550 1,550
45,396 44,194

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 24,469 -

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2023 - £10,000) were paid to the director .