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REGISTERED NUMBER: 11528848 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MARCH 2023 TO 29 MARCH 2024

FOR

CITO CIMO SOURCING LIMITED

CITO CIMO SOURCING LIMITED (REGISTERED NUMBER: 11528848)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MARCH 2023 TO 29 MARCH 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 5


CITO CIMO SOURCING LIMITED (REGISTERED NUMBER: 11528848)

STATEMENT OF FINANCIAL POSITION
29 MARCH 2024

29.3.24 30.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,659 10,028

CURRENT ASSETS
Debtors 5 246,445 216,622
Cash at bank 31 1,310
246,476 217,932
CREDITORS
Amounts falling due within one year 6 (157,436 ) (95,633 )
NET CURRENT ASSETS 89,040 122,299
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,699

132,327

CREDITORS
Amounts falling due after more than one
year

7

(4,374

)

(8,532

)

PROVISIONS FOR LIABILITIES (695 ) (1,905 )
NET ASSETS 87,630 121,890

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 87,629 121,889
87,630 121,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 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.

CITO CIMO SOURCING LIMITED (REGISTERED NUMBER: 11528848)

STATEMENT OF FINANCIAL POSITION - continued
29 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 28 March 2025 and were signed on its behalf by:





M Namavar - Director


CITO CIMO SOURCING LIMITED (REGISTERED NUMBER: 11528848)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MARCH 2023 TO 29 MARCH 2024


1. STATUTORY INFORMATION

Cito Cimo Sourcing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11528848

Registered office: C/O DPC
Stone House
55 Stone Road Business Park
Stoke-on-Trent
Staffordshire
ST4 6SR

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.

REVENUE RECOGNITION
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.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

TAXATION
Taxation for the period 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 statement of financial position date.


CITO CIMO SOURCING LIMITED (REGISTERED NUMBER: 11528848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MARCH 2023 TO 29 MARCH 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 statement of financial position 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 period 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.

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 period was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 31 March 2023 1,823 17,487 1,528 20,838
Additions - - 778 778
Disposals - (13,487 ) - (13,487 )
At 29 March 2024 1,823 4,000 2,306 8,129
DEPRECIATION
At 31 March 2023 1,140 8,767 903 10,810
Charge for period 365 800 462 1,627
Eliminated on disposal - (7,967 ) - (7,967 )
At 29 March 2024 1,505 1,600 1,365 4,470
NET BOOK VALUE
At 29 March 2024 318 2,400 941 3,659
At 30 March 2023 683 8,720 625 10,028

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.3.24 30.3.23
£    £   
Amounts owed by group undertakings 215,479 -
Other debtors 30,966 216,622
246,445 216,622

CITO CIMO SOURCING LIMITED (REGISTERED NUMBER: 11528848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MARCH 2023 TO 29 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.3.24 30.3.23
£    £   
Bank loans and overdrafts 4,211 4,022
Taxation and social security 95,563 82,812
Other creditors 57,662 8,799
157,436 95,633

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.3.24 30.3.23
£    £   
Bank loans 4,374 8,532

8. RELATED PARTY DISCLOSURES

Transaction with directors are under normal market condition and/or not material.

9. POST BALANCE SHEET EVENTS

There were no material events up to the date of approval of the financial statements by the board.