SISO Agency Ltd

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 6

SISO Agency Ltd

(Registration number: 12226981)
Statement of financial position as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	35,938	47,666
Current assets
Debtors	5	581,022	590,519
Cash at bank and in hand		312,937	963,580
		893,959	1,554,099
Creditors: Amounts falling due within one year	6	(28,750)	(291,904)
Net current assets		865,209	1,262,195
Total assets less current liabilities		901,147	1,309,861
Provisions for liabilities		(8,984)	(11,917)
Net assets		892,163	1,297,944
Capital and reserves
Called up share capital	7	100	100
Retained earnings		892,063	1,297,844
Shareholders' funds		892,163	1,297,944

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 15 January 2025 and signed on its behalf by:
 

......................................... Mr M Krupnik-Kay Director

SISO Agency Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the Board on 15 January 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

SISO Agency Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

SISO Agency Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2024	103,542	103,542
Additions	3,665	3,665
Disposals	(9,079)	(9,079)
At 30 September 2025	98,128	98,128
Depreciation
At 1 October 2024	55,876	55,876
Charge for the year	11,982	11,982
Eliminated on disposal	(5,668)	(5,668)
At 30 September 2025	62,190	62,190
Carrying amount
At 30 September 2025	35,938	35,938
At 30 September 2024	47,666	47,666

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		-	112,717
Amounts owed by related parties	8	505	505
Prepayments		5,846	-
Other debtors		574,671	477,297
		581,022	590,519

SISO Agency Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	9,989	67,792
Taxation and social security	16,761	224,112
Accruals and deferred income	2,000	-
	28,750	291,904

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	55	55	55	55
Ordinary A of £1 each	45	45	45	45
	100	100	100	100

SISO Agency Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

8	Related party transactions

Transactions with directors

2025	At 1 October 2024 £	Advances to director £	Repayments by director £	At 30 September 2025 £
Mr M Krupnik-Kay
Director's Loan	443,019	567,444	(444,000)	566,463

2024	At 1 October 2023 £	Advances to director £	Repayments by director £	At 30 September 2024 £
Mr M Krupnik-Kay
Director's Loan	427,365	619,840	(604,186)	443,019

Directors' loan details

Directors' loans are provided at an interest rate in line with HMRC Beneficial Loan Arrangements rules which was 3.75% at the balance sheet date (2024: 2.25%) and are repayable on demand.