Cielo Costa Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08611809

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		20,223		25,086

			20,223		25,086
CURRENT ASSETS
Debtors	5	743,661		674,208
Cash at bank and in hand		1,171,621		970,256

		1,915,282		1,644,464
Creditors: Amounts Falling Due Within One Year	6	(496,939 )		(612,367 )

NET CURRENT ASSETS (LIABILITIES)			1,418,343		1,032,097

TOTAL ASSETS LESS CURRENT LIABILITIES			1,438,566		1,057,183

Creditors: Amounts Falling Due After More Than One Year	7		(5,000 )		(15,000 )

NET ASSETS			1,433,566		1,042,183

CAPITAL AND RESERVES
Called up share capital	9		10		10
Profit and Loss Account			1,433,556		1,042,173

SHAREHOLDERS' FUNDS			1,433,566		1,042,183

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Cielo Costa Limited

Balance Sheet (continued)

As At 31 December 2024

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

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

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ali Sanaei

Director

30 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Cielo Costa Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08611809 . The registered office is Ketton Suite, The King Centre Main Road, Barleythorpe, Oakham, Rutland, LE15 7WD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	4 years, straight line
Computer Equipment	3 years, straight line

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the profit / loss before taxation.

2.7. Taxation

Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive 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 balance sheet date in the countries where the company operates and generates income.

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Cielo Costa Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Research and Development

In the research phase of an internal project, it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 22 (2023: 18)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	103,150	87,596	190,746
Additions	-	8,017	8,017

As at 31 December 2024	103,150	95,613	198,763

Depreciation
As at 1 January 2024	103,119	62,541	165,660
Provided during the period	-	12,880	12,880

As at 31 December 2024	103,119	75,421	178,540

Net Book Value
As at 31 December 2024	31	20,192	20,223

As at 1 January 2024	31	25,055	25,086

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	299,824	126,132
Prepayments and accrued income	153,894	162,090
Other debtors	45,948	-
Director's loan account	243,995	385,986

	743,661	674,208

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Cielo Costa Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	47,096	187,750
Bank loans and overdrafts	10,000	10,000
Corporation tax	154,650	92,882
Other taxes and social security	45,835	75,394
VAT	56,318	33,999
Other creditors	17,701	26,811
Accruals and deferred income	165,339	185,531

	496,939	612,367

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	5,000	15,000

8. Loans

An analysis of the maturity of loans is given below:

	2024	2023
	£	£
Amounts falling due within one year or on demand:
Bank loans	10,000	10,000

	2024	2023
	£	£
Amounts falling due between one and five years:
Bank loans	5,000	15,000

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	10	10

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Ali Sanaei	385,986	670,340	(812,331 )	-	243,995

The above loan is unsecured, interest free and repayable on demand.

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