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REGISTERED NUMBER: 04978712 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

SISTERS LIMITED

SISTERS LIMITED (REGISTERED NUMBER: 04978712)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SISTERS LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs Hulya Akgun
Mr Tarik Akgun





REGISTERED OFFICE: Ernest House
293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 04978712 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

SISTERS LIMITED (REGISTERED NUMBER: 04978712)

Balance Sheet
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,422 3,162

CURRENT ASSETS
Stocks 173,451 140,846
Debtors 5 73,406 22,846
Cash at bank and in hand 24,273 17,889
271,130 181,581
CREDITORS
Amounts falling due within one year 6 161,090 159,659
NET CURRENT ASSETS 110,040 21,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,462

25,084

CREDITORS
Amounts falling due after more than one
year

7

(110,468

)

(23,986

)

PROVISIONS FOR LIABILITIES 8 (460 ) (601 )
NET ASSETS 1,534 497

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 1,414 377
SHAREHOLDERS' FUNDS 1,534 497

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SISTERS LIMITED (REGISTERED NUMBER: 04978712)

Balance Sheet - continued
31 DECEMBER 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





Mr Tarik Akgun - Director


SISTERS LIMITED (REGISTERED NUMBER: 04978712)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Sisters 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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.

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 5 (2023 - 6 ) .

SISTERS LIMITED (REGISTERED NUMBER: 04978712)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 5,444 11,100 16,544
DEPRECIATION
At 1 January 2024 5,444 7,938 13,382
Charge for year - 740 740
At 31 December 2024 5,444 8,678 14,122
NET BOOK VALUE
At 31 December 2024 - 2,422 2,422
At 31 December 2023 - 3,162 3,162

5. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors - 7,792
Other debtors 73,406 8,600
73,406 16,392

Amounts falling due after more than one year:
Other debtors - 6,454

Aggregate amounts 73,406 22,846

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 13,195 9,000
Trade creditors 88,992 72,914
Other Creditors - 19,000
Tax 20,963 6,640
Social security and other taxes 4,649 5,359
Pensions 334 349
VAT - 18,305
Other creditors 22,397 17,532
Net wages 10,560 10,560
161,090 159,659

SISTERS LIMITED (REGISTERED NUMBER: 04978712)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bounce back loan 18,879 23,986
Funding Circle 2024 91,589 -
110,468 23,986

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 460 601

Deferred
tax
£   
Balance at 1 January 2024 601
Credit to Profit & Loss Account during year (141 )
Balance at 31 December 2024 460