1 January 2021 false No description of principal activity Taxfiler 2022.8.3 11365558business:PrivateLimitedCompanyLtd2021-01-012021-12-31 113655582020-12-31 113655582021-01-012021-12-31 11365558business:AuditExempt-NoAccountantsReport2021-01-012021-12-31 11365558business:FullAccounts2021-01-012021-12-31 113655582021-12-31 11365558business:Director12021-01-012021-12-31 11365558business:Director22021-01-012021-12-31 11365558business:Director32021-01-012021-12-31 11365558business:RegisteredOffice2021-01-012021-12-31 113655582020-12-31 11365558core:WithinOneYear2021-12-31 11365558core:WithinOneYear2020-12-31 11365558core:AfterOneYear2021-12-31 11365558core:AfterOneYear2020-12-31 11365558core:ShareCapital2021-12-31 11365558core:ShareCapital2020-12-31 11365558core:SharePremium2021-12-31 11365558core:SharePremium2020-12-31 11365558core:RetainedEarningsAccumulatedLosses2021-12-31 11365558core:RetainedEarningsAccumulatedLosses2020-12-31 11365558business:SmallEntities2021-01-012021-12-31 11365558countries:EnglandWales2021-01-012021-12-31 113655582020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11365558 (England and Wales)
SIPFUL LTD Unaudited accounts for the year ended 31 December 2021
SIPFUL LTD Unaudited accounts Contents
Page
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SIPFUL LTD Company Information for the year ended 31 December 2021
Directors
Diego BIVERO-VOLPE Darius Jan DARWELL Steven RIMMER
Company Number
11365558 (England and Wales)
Registered Office
HERDWORK UNDERLEY BUSINESS PARK KEARSTWICK CARNFORTH KIRBY LONSDALE LA6 2DY ENGLAND
Accountants
Addition Financial Limited Addition at 1 Lyric Square Hammersmith London W6 0NB
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SIPFUL LTD Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Debtors
3,577 
3,241 
Cash at bank and in hand
(5,232)
(3,560)
(1,655)
(319)
Creditors: amounts falling due within one year
(159,750)
(155,053)
Net current liabilities
(161,405)
(155,372)
Total assets less current liabilities
(161,405)
(155,372)
Creditors: amounts falling due after more than one year
(3,287)
9,092 
Net liabilities
(164,692)
(146,280)
Capital and reserves
Called up share capital
109 
100 
Share premium
188,119 
38,000 
Profit and loss account
(352,920)
(184,380)
Shareholders' funds
(164,692)
(146,280)
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2022 and were signed on its behalf by
Darius Jan DARWELL Director Company Registration No. 11365558
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SIPFUL LTD Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
SIPFUL LTD is a private company, limited by shares, registered in England and Wales, registration number 11365558. The registered office is HERDWORK UNDERLEY BUSINESS PARK, KEARSTWICK, CARNFORTH, KIRBY LONSDALE, LA6 2DY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
(865)
655 
Trade debtors
4,343 
2,586 
Other debtors
99 
- 
3,577 
3,241 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
124,000 
132,000 
Trade creditors
5,333 
4,347 
Taxes and social security
(1,898)
(82)
Other creditors
12,393 
812 
Loans from directors
19,922 
17,976 
159,750 
155,053 
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Loans from directors
3,287 
(9,092)
7
Average number of employees
During the year the average number of employees was 3 (2020: 7).
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