REGISTERED NUMBER: 00988897 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2024

for

Sedis Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L J Noirot

F Savajol

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

REGISTERED NUMBER:

00988897 (England and Wales)

SENIOR STATUTORY AUDITOR:

Craig Baird FCA

AUDITORS:

Willsons (Higham Ferrers) Ltd

Chartered Accountants

Statutory Auditors

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

CURRENT ASSETS

Stocks

31,158

34,083

Debtors

4

800,591

873,066

Cash at bank

61,033

50,544

892,782

957,693

CREDITORS

Amounts falling due within one year

5

150,013

228,517

NET CURRENT ASSETS

742,769

729,176

TOTAL ASSETS LESS CURRENT LIABILITIES

742,769

729,176

CAPITAL AND RESERVES

Called up share capital

195,000

195,000

Retained earnings

547,769

534,176

SHAREHOLDERS' FUNDS

742,769

729,176

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 23 April 2025 and were signed on its behalf by:

F Savajol - Director

1.	STATUTORY INFORMATION

Sedis Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

Going concern

The company relies on the support of its group as its key supplier. The directors have made enquiries of the group, and they have indicated that they will continue to provide such a role.

The company's forecasts and projections, taking account of reasonably possible changes to trading performance show that the company should be able to operate within the level of its current resources.

On this basis the directors believe that the company will have adequate resources to continue in operational existence and meet its obligations as they fall due for a period of at least twelve months from the date of signing the financial statements. Therefore, the directors consider it appropriate to continue to prepare the financial statements as a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

97,093

186,847

Amounts owed by group undertakings

682,495

661,103

Other debtors

16,000

20,177

Prepayments and accrued income

5,003

4,939

800,591

873,066

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

4,575

7,333

Amounts owed to group undertakings

127,490

167,169

Corporation Tax

3,948

42,122

Social security and other taxes

928

778

VAT

7,572

5,615

Accrued expenses

5,500

5,500

150,013

228,517

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

-

4,846

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Craig Baird FCA (Senior Statutory Auditor)

for and on behalf of Willsons (Higham Ferrers) Ltd

8.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Financiere C10, a company registered in France.

The ultimate parent of Financiere C10 is Tube Investments of India Ltd, a company registered in India.

Registered office address is Dare House, No.234, N S C Bose Road, Chennai- 600 001, Tamil Nadu, India.