Demos Ciclitira Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00525529 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2024 TO 30 JUNE 2025

FOR

DEMOS CICLITIRA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms R E King

S D Crawford

W Smith

G A McDonald

M G McDonald

REGISTERED OFFICE:

Park Drive Industrial Estate

Park Drive

Braintree

Essex

CM7 1AW

REGISTERED NUMBER:

00525529 (England and Wales)

ACCOUNTANTS:

Barrow LLP

Rae House

Dane Street

Bishops Stortford

Herts

CM23 3BT

FIXED ASSETS

Tangible assets

5

2,509,083

2,561,162

Investments

6

1,000

2,510,083

2,562,162

CURRENT ASSETS

Stocks

1,967,272

925,818

Debtors

7

3,074,427

2,225,073

Cash at bank

164,298

239,612

5,205,997

3,390,503

CREDITORS

Amounts falling due within one year

8

(2,311,721

)

(891,781

)

NET CURRENT ASSETS

2,894,276

2,498,722

TOTAL ASSETS LESS CURRENT LIABILITIES

5,404,359

5,060,884

CREDITORS

Amounts falling due after more than one year

9

(110,976

)

(93,634

)

PROVISIONS FOR LIABILITIES

(307,644

)

(307,644

)

NET ASSETS

4,985,739

4,659,606

CAPITAL AND RESERVES

Called up share capital

10

300,000

Share premium

619

Revaluation reserve

11

1,539,335

Retained earnings

3,145,785

2,819,652

SHAREHOLDERS' FUNDS

4,985,739

4,659,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 Profit and Loss Accountant and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

Ms R E King - Director

1.	STATUTORY INFORMATION

Demos Ciclitira 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

10% - 20% straight line

Fixtures and fittings

-

10% on cost

Computer equipment

-

Straight line over 5 years

Investments in subsidiaries

Investments in subsidiaries are stated at cost less accumulated impairment losses in the Company's balance sheet. On disposal of investments in subsidiaries the difference between net disposal proceeds and the carrying amount of the investment is taken to the income statement.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Accountant 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 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 period 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2024 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1 September 2024

2,450,000

274,168

47,985

59,595

2,831,748

Additions

-

1,161

At 30 June 2025

2,450,000

274,168

47,985

60,756

2,832,909

DEPRECIATION

At 1 September 2024

47,080

161,269

22,036

40,201

270,586

Charge for period

19,616

22,848

3,999

6,777

53,240

At 30 June 2025

66,696

184,117

26,035

46,978

323,826

NET BOOK VALUE

At 30 June 2025

2,383,304

90,051

21,950

13,778

2,509,083

At 31 August 2024

2,402,920

112,899

25,949

19,394

2,561,162

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

and 30 June 2025

1,000

NET BOOK VALUE

At 30 June 2025

1,000

At 31 August 2024

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.8.24

£

Trade debtors

1,239,401

1,009,485

Amounts owed by group undertakings

1,420,025

1,161,598

Other debtors

415,001

53,990

3,074,427

2,225,073

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.8.24

£

Bank loans and overdrafts

1,169,384

317,125

Trade creditors

973,977

417,359

Taxation and social security

88,389

5,211

Other creditors

79,971

152,086

2,311,721

891,781

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

31.8.24

£

Bank loans

110,976

93,634

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

31.8.24

value:

£

30,000

'A' (Non-voting)

£1

30,000

270,000

Ordinary

£1

270,000

300,000

11.

RESERVES

Revaluation

reserve

£

At 1 September 2024

and 30 June 2025

1,539,335

12.	RELATED PARTY DISCLOSURES

George Harker (UK) Limited

A company in which J D N Ciclitira is a director and Chairman of the Board.

The company made purchases from George Harker (UK) Limited during the year totalling £425,974 (2024: £422,907) and made sales during the year totalling £2,755 (2024: £11,489). The amount outstanding from George Harker (UK) Limited to the company at the balance sheet date is £723,493 (2024: £589,501 and this is included within Amounts owed by group undertakings. There are no fixed terms of repayment.

Medos (UK) Limited

A company related by virtue of J D N Cicilitiria and estate of A G Ciclitira's shareholding

At the year end, Medos (UK) limited owed the company an amount of £695,532 (2024: £572,097) in respect of an interest free loan. This is included within Amounts owed by group undertakings. There are no fixed terms for repayment.

J D N Ciclitiria and estate of A G Ciclitiria

Director and Chairman of the Board of Demos Ciclitira Limited

At the year end, the director of the company, Mr J D N Ciclitira along with the estate of A G Ciclitiria owed to the company £314,019 (2024: £10,784 owed from the company) which is included in other debtors

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is JDN Ciclitira.