Company registration number: 15060990
Unaudited financial statements
for the period ended 31 August 2024
for
Cye Import Ltd
Pages for filing with the Registrar
Company registration number: 15060990
Cye Import Ltd
Balance sheet
as at 31 August 2024
Note £ £
Fixed assets
Tangible assets 4 7,191
7,191
Current assets
Stocks 28,212
Debtors 3,971
Cash at bank and in hand 8,105
40,288
Creditors: amounts falling due within one
year
(26,837)
Net current assets 13,451
Total assets less current liabilities 20,642
Creditors: Amounts falling due after more
than one year
(23,000)
NET LIABILITIES (2,358)
Capital and reserves
Called up share capital 100
Profit and loss account (2,458)
TOTAL EQUITY (2,358)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 August 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 15060990
Cye Import Ltd
Balance sheet - continued
as at 31 August 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 and loss account has not been delivered to the Registrar.
Signed by:
Mr C Humphreys, Director
8 May 2025
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Cye Import Ltd
Notes to the financial statements
for the period ended 31 August 2024
1 Company information
Cye Import Ltd is a private company registered in England and Wales. Its registered number is 15060990. The company is limited by shares. Its registered office is Berry & Co, Sterling House, Maidstone, Kent, ME14 5BJ.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures & fittings - 15% reducing balance
Computer equipment - 33% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Cye Import Ltd
Notes to the financial statements - continued
for the period ended 31 August 2024
2 Accounting policies - continued
Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
3 Average number of employees
During the period the average number of employees was Nil.
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
Additions 7,191
At 31 August 2024 7,191
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 7,191
5 Secured debts
The hire purchase liability is secured against the assets concerned.
6 Share capital
During the accounting period 100 shares were issued called up and fully paid.
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Cye Import Ltd
Notes to the financial statements - continued
for the period ended 31 August 2024
7 Going concern
The company is reliant on the financial support of the director who has advanced the company £13,130 by way of a director's loan. The director has stated that this amount will only be called up for repayment when the company has sufficient reserves and future operating cashflows from which to repay this debt and meet all its other debts as they fall due. For this reason the director has adopted the Going Concern principle when preparing these financial statements despite liabilities exceeding assets by £2,358.
8 Controlling party
The director, Mr C Humphreys, controls the company by virtue of his shareholding.
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