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Registered number: 12022744









SIGMA4UK LTD









Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2024

 
SIGMA4UK LTD
Registered number: 12022744

Statement of financial position
As at 31 December 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
220,680
240,324

Debtors: amounts falling due within one year
 5 
14,090
12,594

Cash at bank and in hand
 6 
364,511
326,391

  
599,281
579,309

Creditors: amounts falling due within one year
 7 
(69,729)
(75,638)

Net current assets
  
 
 
529,552
 
 
503,671

Total assets less current liabilities
  
529,552
503,671

  

Net assets
  
529,552
503,671


Capital and reserves
  

Called up share capital 
 8 
60,000
60,000

Profit and loss account
 9 
469,552
443,671

  
529,552
503,671


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 June 2025.




Massimiliano Cesaroni
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 1

 
SIGMA4UK LTD
 

Statement of changes in equity
For the Year Ended 31 December 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2023
60,000
360,068
420,068


Comprehensive income for the year

Profit for the year

-
183,603
183,603


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
183,603
183,603


Contributions by and distributions to owners

Dividends: Equity capital
-
(100,000)
(100,000)


Total transactions with owners
-
(100,000)
(100,000)



At 1 January 2024
60,000
443,671
503,671


Comprehensive income for the year

Profit for the year

-
145,881
145,881


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
145,881
145,881


Contributions by and distributions to owners

Dividends: Equity capital
-
(120,000)
(120,000)


Total transactions with owners
-
(120,000)
(120,000)


At 31 December 2024
60,000
469,552
529,552


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SIGMA4UK LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

1.


General information

Sigma4UK Ltd is a private company, limited by shares, incorporated in England & Wales with registration number 12022744. The registered office is 2nd Floor 33 Newman Street, London, England, W1T 1PY. 
Principal activities of the Company during the year under review was that of repair of machinery, and electrical equipment and  wholesale of electronic & telecommunication equipments and parts.
The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
SIGMA4UK LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
SIGMA4UK LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management are required to make estimates and judgments which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, and the valuation of investment properties, which were based on open market transactions. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and other factors that are considered to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.


4.


Employees

2024
2023
£
£

Wages and salaries
198,589
181,603

Social security costs
15,618
14,025

Cost of defined contribution scheme
4,770
4,370

218,977
199,998


The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 5

 
SIGMA4UK LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,684
1,166

Other debtors
6,888
8,182

Prepayments and accrued income
5,518
3,246

14,090
12,594



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
364,511
326,391

364,511
326,391



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,607
3,402

Corporation tax
47,622
56,591

Other taxation and social security
7,183
5,817

Other creditors
939
848

Accruals and deferred income
7,378
8,980

69,729
75,638


2024
2023
£
£

Other taxation and social security

PAYE/NI control
7,183
5,817

7,183
5,817


Page 6

 
SIGMA4UK LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



60,000 (2023 - 60,000) Ordinary  shares of £1.00 each
60,000
60,000



9.


Reserves

Profit and loss account

Profit and loss account represents accumulated retained earnings and is a distributable reserve


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £4,770 (2023: £4,370) . Contributions totaling £869 (2023: £848) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

The Company has taken advantage of the exemption available under FRS 102 for "Related Party Disclosures" not to disclose transactions with parent and wholly owned subsidiaries in the group which are eliminated on consolidation.


12.


Controlling party

The Company's immediate parent Company is Sigma S.p.A. a Company having registered office address at  Via dell’industria, 19 – 63825 – Monterubbiano (FM) – Italy. The ultimate parent company is NHPS Srl, a Company registered in Italy with its registered office address at NHPS S.r.l. –VIA DELL’INDUSTRIA 19 MONTERUBBIANO (FM) ITALY CAP63825. The ultimate parent company prepares consolidated accounts and a copy can be obtained from its registered office address.
In the opinion of the directors there is no ultimate controlling party.


13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 5 June 2025 by Janak Raj Pokhrel (Senior statutory auditor) on behalf of Mantax Lynton.

 
Page 7