REGISTERED NUMBER: 05737232 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Sitemark Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M D Boxall

E Jones

T J Downing

SECRETARY:

R M D Boxall

REGISTERED OFFICE:

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

REGISTERED NUMBER:

05737232 (England and Wales)

ACCOUNTANTS:

Cox & Co Limited

Chartered Certified Accountants

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

FIXED ASSETS

Intangible assets

4

2,348,343

2,104,945

Tangible assets

5

18,050

5,946

Investments

6

5,793

5,793

2,372,186

2,116,684

CURRENT ASSETS

Stocks

-

2,300

Debtors

7

141,561

232,112

Cash in hand

163

163

141,724

234,575

CREDITORS

Amounts falling due within one year

8

492,792

752,372

NET CURRENT LIABILITIES

(351,068

)

(517,797

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,021,118

1,598,887

CREDITORS

Amounts falling due after more than one year

9

1,440,735

1,308,226

NET ASSETS

580,383

290,661

CAPITAL AND RESERVES

Called up share capital

548,660

515,739

Share premium

454,858

412,779

Other reserves

102,000

-

Retained earnings

(525,135

)

(637,857

)

SHAREHOLDERS' FUNDS

580,383

290,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 19 December 2025 and were signed on its behalf by:

R M D Boxall - Director

1.	STATUTORY INFORMATION

Sitemark 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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 etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks 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 Income Statement, 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 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 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.

Research and development

Development costs have been capitalised as intangible assets and amortised on a systematic basis by reference to the period over which the new services are expected to be sold, being between 10, 14 and 100 years.

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 10 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

4,085,788

Additions

289,289

At 31 March 2025

4,375,077

AMORTISATION

At 1 April 2024

1,980,843

Charge for year

45,891

At 31 March 2025

2,026,734

NET BOOK VALUE

At 31 March 2025

2,348,343

At 31 March 2024

2,104,945

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

28,656

Additions

18,122

At 31 March 2025

46,778

DEPRECIATION

At 1 April 2024

22,710

Charge for year

6,018

At 31 March 2025

28,728

NET BOOK VALUE

At 31 March 2025

18,050

At 31 March 2024

5,946

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

5,793

NET BOOK VALUE

At 31 March 2025

5,793

At 31 March 2024

5,793

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

47,728

140,877

Other debtors

60,541

9,943

Inter company loan

33,292

81,292

141,561

232,112

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

61,624

75,610

Trade creditors

45,153

86,474

Social security and other taxes

12,707

14,280

VAT

12,830

20,248

Other creditors

2,073

(2,645

)

Directors' current accounts

1,200

1,200

Accrued expenses

357,205

557,205

492,792

752,372

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

35,575

35,575

Bank loans - 2-5 years

106,724

106,724

Bank loans more 5 yr by instal

14,764

45,769

Other creditors

1,283,672

1,120,158

1,440,735

1,308,226

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

14,764

45,769

Included within other creditors due in more than one year are interest free loans from a Director, with a carrying value of of £1,283,672 (2024 - £1,120,158) after applying an 8% discount rate.

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdrafts

26,049

40,035

The bank overdraft is secured by way of a debenture, dated 21 August 2006, creating fixed and floating charges over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

11.	ULTIMATE CONTROLLING PARTY