SIGMA BROKING LIMITED

Company Registration Number:
06584426 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

SIGMA BROKING LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SIGMA BROKING LIMITED

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

Broking, execution and trading

Additional information

Future developments, Results, Going concern, post balance sheet events



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

Matthew Kent
Kevin Costello


The directors shown below have held office during the period of
13 November 2023 to 31 May 2024

Steve Umpelby
Gary Pettit
Lorraine Barclay


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 April 2025

And signed on behalf of the board by:
Name: Gary Pettit
Status: Director

SIGMA BROKING LIMITED

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 24,625,354 24,365,171
Cost of sales: ( 13,347,010 ) ( 11,987,243 )
Gross profit(or loss): 11,278,344 12,377,928
Administrative expenses: ( 12,040,315 ) ( 12,665,156 )
Other operating income: 385,866
Operating profit(or loss): (376,105) (287,228)
Interest payable and similar charges: ( 1,349,900 ) ( 1,090,462 )
Profit(or loss) before tax: (1,726,005) (1,377,690)
Tax: 0 ( 12,429 )
Profit(or loss) for the financial year: (1,726,005) (1,390,119)

SIGMA BROKING LIMITED

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 967,977 28,444
Tangible assets: 4 300,990 328,473
Investments: 5 1,250,000 1,280,006
Total fixed assets: 2,518,967 1,636,923
Current assets
Debtors: 6 28,415,024 29,601,873
Cash at bank and in hand: 3,472,877 1,485,874
Total current assets: 31,887,901 31,087,747
Creditors: amounts falling due within one year: 7 ( 16,660,002 ) ( 13,905,771 )
Net current assets (liabilities): 15,227,899 17,181,976
Total assets less current liabilities: 17,746,866 18,818,899
Total net assets (liabilities): 17,746,866 18,818,899
Capital and reserves
Called up share capital: 2,313,359 2,310,571
Share premium account: 17,677,765 16,179,204
Other reserves: 15,165
Profit and loss account: (2,259,423 ) 329,124
Total Shareholders' funds: 17,746,866 18,818,899

The notes form part of these financial statements

SIGMA BROKING LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 10 April 2025
and signed on behalf of the board by:

Name: Gary Pettit
Status: Director

The notes form part of these financial statements

SIGMA BROKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Revenue is recognised to the extent it is probable that economic benefits will flow to the company

    Tangible fixed assets depreciation policy

    20-33% straight line

    Intangible fixed assets amortisation policy

    33% straight line

    Other accounting policies

    Debtors, Investments, cash, goodwill etc

SIGMA BROKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 42 44

SIGMA BROKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 June 2023 0 83,252 83,252
Additions 1,023,883 1,023,883
Disposals ( 754 ) ( 754 )
Revaluations
Transfers
At 31 May 2024 1,023,883 82,498 1,106,381
Amortisation
At 1 June 2023 0 54,808 54,808
Charge for year 76,791 6,805 83,596
On disposals
Other adjustments
At 31 May 2024 76,791 61,613 138,404
Net book value
At 31 May 2024 947,092 20,885 967,977
At 31 May 2023 0 28,444 28,444

SIGMA BROKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 1,089,436 1,089,436
Additions 150,802 150,802
Disposals
Revaluations
Transfers
At 31 May 2024 1,240,238 1,240,238
Depreciation
At 1 June 2023 760,963 760,963
Charge for year 178,285 178,285
On disposals
Other adjustments
At 31 May 2024 939,248 939,248
Net book value
At 31 May 2024 300,990 300,990
At 31 May 2023 328,473 328,473

SIGMA BROKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Fixed assets investments note

note 10

SIGMA BROKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Debtors

2024 2023
£ £
Trade debtors 2,490,426 4,283,945
Prepayments and accrued income 525,872 139,903
Other debtors 25,398,726 25,178,025
Total 28,415,024 29,601,873

SIGMA BROKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 8,244,843 500,000
Trade creditors 3,165,345 6,073,059
Taxation and social security 271,891 904,696
Accruals and deferred income 1,304,296 1,161,077
Other creditors 3,673,627 5,266,939
Total 16,660,002 13,905,771

SIGMA BROKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

8. Loans to directors

Name of director receiving advance or credit: Matthew Kent
Description of the transaction:
Arsing from sale of part of the business
£
Balance at 31 May 2023 429,029
Advances or credits made: 6,022,166
Advances or credits repaid:
Balance at 31 May 2024 6,451,195