| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 8 November 2023 to 30 November 2024 |
| for |
| 3 SIGMA COATBRIDGE LTD |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 8 November 2023 to 30 November 2024 |
| for |
| 3 SIGMA COATBRIDGE LTD |
| 3 SIGMA COATBRIDGE LTD (REGISTERED NUMBER: SC788546) |
| Contents of the Financial Statements |
| for the Period 8 November 2023 to 30 November 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| 3 SIGMA COATBRIDGE LTD |
| Company Information |
| for the Period 8 November 2023 to 30 November 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 12 Traill Drive |
| Montrose |
| Angus |
| DD10 8SW |
| 3 SIGMA COATBRIDGE LTD (REGISTERED NUMBER: SC788546) |
| Balance Sheet |
| 30 November 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| 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. |
| 3 SIGMA COATBRIDGE LTD (REGISTERED NUMBER: SC788546) |
| Balance Sheet - continued |
| 30 November 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 3 SIGMA COATBRIDGE LTD (REGISTERED NUMBER: SC788546) |
| Notes to the Financial Statements |
| for the Period 8 November 2023 to 30 November 2024 |
| 1. | STATUTORY INFORMATION |
| 3 Sigma Coatbridge Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and machinery | - |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 3 SIGMA COATBRIDGE LTD (REGISTERED NUMBER: SC788546) |
| Notes to the Financial Statements - continued |
| for the Period 8 November 2023 to 30 November 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements |
| Freehold | to | Plant and |
| property | property | machinery | Totals |
| £ | £ | £ | £ |
| COST |
| Additions |
| At 30 November 2024 |
| DEPRECIATION |
| Charge for period |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Other creditors |
| 3 SIGMA COATBRIDGE LTD (REGISTERED NUMBER: SC788546) |
| Notes to the Financial Statements - continued |
| for the Period 8 November 2023 to 30 November 2024 |
| 8. | RELATED PARTY DISCLOSURES |
| The company was under control of the four directors throughout the current period, I Henderson, PD Rooney, SJ Gallagher and DW McGroarty. |
| During the period the company advanced the directors net amounts totalling £17,148. The balances outstanding as at 30 November 2024, included within other debtors, are I Henderson £4,288, PD Rooney £4,287, SJ Gallagher £4,285 and DW McGroarty £4,288. No interest was charged on the funds advanced to the directors. This is in line with HMRC guidelines. |
| During the period funds were injected into the company totalling £120,000 from related parties. As at 30 November 2024 included within other creditors are the following outstanding balances:- |
| Gallagher Oilfield Services Limited, a company owned and controlled by the director SJ Gallagher, £30,000. This is repayable on demand. |
| Peter Rooney Limited, a company owned and controlled by the director, PD Rooney, £30,000. This is repayable on demand. |
| The SSAS Pension of Derek McGroarty, the pension fund belonging to the director, DW McGroarty, £30,000. It has been agreed that appropriate returns will be made from future market rent. |
| Henderson-Maume SSAS of Ian Henderson, the pension fund belonging to the director, I Henderson, £30,000. It has been agreed that appropriate returns will be made from future market rent. |
| During the period a first charge secured loan was provided to the company from a group of trustees acting on behalf of various pension funds. The total amount loaned during the period was £270,000. As at 30 November 2024 included within other creditors repayable after more than one year is a balance of £270,000. This outstanding balance can be split between the pension funds as follows:- |
| The Sunshine property pension scheme £60,000 |
| Spyca Limited SSAS £50,000 |
| Aptus property pension scheme £10,000 |
| McGuigan Duffy Pension Trust £20,000 |
| Barracks SSAS £100,000 |
| Adobie Family SSAS £30,000 |