REGISTERED NUMBER: 13736431 (England and Wales)

Conti Ltd

Trading as

Figo

Abridged Financial Statements

for the Year Ended 31 March 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr E Kaya

REGISTERED OFFICE:

606 Cassia Point 2 Glasshouse Gardens

London

E20 1HU

REGISTERED NUMBER:

13736431 (England and Wales)

AUDITORS:

Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

FIXED ASSETS

Intangible assets

4

1,659

1,867

Property, plant and equipment

5

716,493

140,611

718,152

142,478

CURRENT ASSETS

Inventories

65,118

63,681

Debtors

6

3,379,724

2,182,223

Cash at bank and in hand

36,562

112,914

3,481,404

2,358,818

CREDITORS

Amounts falling due within one year

7

2,046,144

1,248,807

NET CURRENT ASSETS

1,435,260

1,110,011

TOTAL ASSETS LESS CURRENT LIABILITIES

2,153,412

1,252,489

PROVISIONS FOR LIABILITIES

8

128,598

35,153

NET ASSETS

2,024,814

1,217,336

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

2,024,813

1,217,335

SHAREHOLDERS' FUNDS

2,024,814

1,217,336

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2025 and were signed by:

Mr E Kaya - Director

1.	STATUTORY INFORMATION

Conti Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised when customers take delivery of the goods.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 84 (2023 - 90 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2023

and 31 March 2024

2,074

AMORTISATION

At 1 April 2023

207

Charge for year

208

At 31 March 2024

415

NET BOOK VALUE

At 31 March 2024

1,659

At 31 March 2023

1,867

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2023

41,685

108,726

25,599

11,470

187,480

Additions

49,102

540,801

215,000

9,812

814,715

At 31 March 2024

90,787

649,527

240,599

21,282

1,002,195

DEPRECIATION

At 1 April 2023

10,421

27,181

6,400

2,867

46,869

Charge for year

20,092

155,587

58,550

4,604

238,833

At 31 March 2024

30,513

182,768

64,950

7,471

285,702

NET BOOK VALUE

At 31 March 2024

60,274

466,759

175,649

13,811

716,493

At 31 March 2023

31,264

81,545

19,199

8,603

140,611

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

117,815

52,091

Amounts owed by group undertakings

3,219,403

1,409,284

Other debtors

42,506

720,848

3,379,724

2,182,223

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

29,028

-

Trade creditors

529,952

191,161

Amounts owed to group undertakings

-

145,035

Taxation and social security

1,241,839

802,238

Other creditors

245,325

110,373

2,046,144

1,248,807

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

128,598

35,153

Deferred

tax

£

Balance at 1 April 2023

35,153

Charge to Statement of Income and Retained Earnings during year

93,445

Balance at 31 March 2024

128,598

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 April 2023

1,217,335

Profit for the year

952,478

Dividends

(145,000

)

At 31 March 2024

2,024,813

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

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)

for and on behalf of Alton & Co

12.	RELATED PARTY DISCLOSURES

Included in other debtors are amounts owed from Dino1 Ltd (a company under common control) at balance sheet date of £3,000 (2023: £383,000). No interest is charged on this balance and it is repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Romet Group Ltd.