REGISTERED NUMBER: 08078223 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MARCH 2025

FOR

SINEX LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Ertan Ceylan

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

08078223 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Intangible assets

4

-

37,286

Tangible assets

5

615

732

615

38,018

CURRENT ASSETS

Stocks

2,105

12,533

Debtors

1,482

1,176

Cash at bank and in hand

33,961

10,557

37,548

24,266

CREDITORS

Amounts falling due within one year

31,952

16,083

NET CURRENT ASSETS

5,596

8,183

TOTAL ASSETS LESS CURRENT LIABILITIES

6,211

46,201

CREDITORS

Amounts falling due after more than one year

3,085

13,271

NET ASSETS

3,126

32,930

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

3,125

32,929

SHAREHOLDERS' FUNDS

3,126

32,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 29 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

Mr Ertan Ceylan - Director

1.	STATUTORY INFORMATION

Sinex 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.

Turnover

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

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.

Tangible fixed assets

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

Fixtures and fittings

-

20% straight line

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 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.

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 4 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 30 March 2024

and 29 March 2025

37,286

AMORTISATION

Amortisation for year

37,286

At 29 March 2025

37,286

NET BOOK VALUE

At 29 March 2025

-

At 29 March 2024

37,286

Goodwill arose on the acquisition of the business and was recognised at cost. In accordance with FRS 102, goodwill is amortised on a straight-line basis over its estimated useful economic life. Where the useful economic life cannot be reliably estimated, goodwill is amortised over a period of ten years.

During the year, it was identified that goodwill recognised in prior periods had not been amortised in accordance with FRS 102. As more than ten years have elapsed since the goodwill was recognised, the goodwill has now been fully amortised and has a nil carrying value at the reporting date.

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 30 March 2024

and 29 March 2025

850

DEPRECIATION

At 30 March 2024

118

Charge for year

117

At 29 March 2025

235

NET BOOK VALUE

At 29 March 2025

615

At 29 March 2024

732

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary shares

£1

1

1

7.	ULTIMATE CONTROLLING PARTY

The controlling party is the director, Mr Ertan Ceylan by virtue of the fact that he holds 100% of the issued share capital of the company.