SIBA DIGITALS LIMITED

Company Registration Number:
12992620 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

SIBA DIGITALS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

SIBA DIGITALS LIMITED

Company Information

for the Period Ended 31 December 2022




Registered office: International House
International House
12 Constance Street
London
GBR
E16 2DQ
Company Registration Number: 12992620 (England and Wales)

SIBA DIGITALS LIMITED

Profit and Loss Account

for the Period Ended 31 December 2022


Notes

2022
£
14 months to
31 Dec 2021
£
Gross Profit or (Loss) 11,322 3,388
Administrative Expenses ( 15,686 ) ( 11,134 )
Operating Profit or (Loss) ( 4,364 ) ( 7,746 )
Profit or (Loss) Before Tax ( 4,364 ) ( 7,746 )
Profit or (Loss) for Period ( 4,364 ) ( 7,746 )

The notes form part of these financial statements

SIBA DIGITALS LIMITED

Balance sheet

As at 31 December 2022


Notes

2022
£
14 months to
31 Dec 2021
£
Fixed assets
Intangible assets: 4 132 448
Tangible assets: 5 2,914 5,065
Total fixed assets: 3,046 5,513
Current assets
Debtors: 600 969
Cash at bank and in hand: 1,456 2,292
Total current assets: 2,056 3,261
Creditors: amounts falling due within one year: ( 3,136 ) ( 1,493 )
Net current assets (liabilities): ( 1,080 ) 1,768
Total assets less current liabilities: 1,966 7,281
Creditors: amounts falling due after more than one year: ( 13,314 ) ( 14,840 )
Total net assets (liabilities): ( 11,348 ) ( 7,559 )

The notes form part of these financial statements

SIBA DIGITALS LIMITED

Balance sheet continued

As at 31 December 2022


Notes

2022
£
14 months to
31 Dec 2021
£
Capital and reserves
Called up share capital: 187 187
Profit and loss account: ( 11,535 ) ( 7,746 )
Shareholders funds: ( 11,348 ) ( 7,559 )

For the year ending 31 December 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 5 April 2023
And Signed On Behalf Of The Board By:

Name: Imran Bijani
Status: Director

The notes form part of these financial statements

SIBA DIGITALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SIBA DIGITALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees


    2022
    14 months to
    31 Dec 2021
    Average number of employees during the period 9 8

SIBA DIGITALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 3. Off balance sheet disclosure

    No

SIBA DIGITALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 4. Intangible assets

    Total
    Cost £
    At 01 January 2022 638
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 31 December 2022 638
    Amortisation
    Amortisation at 01 January 2022 190
    Charge for year 316
    On disposals -
    Other adjustments -
    Amortisation at 31 December 2022 506
    Net book value
    Net book value at 31 December 2022 132
    Net book value at 31 December 2021 448

SIBA DIGITALS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Tangible Assets

Total
Cost £
At 01 January 2022 6,331
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2022 6,331
Depreciation
At 01 January 2022 1,266
Charge for year 2,151
On disposals -
Other adjustments -
At 31 December 2022 3,417
Net book value
At 31 December 2022 2,914
At 31 December 2021 5,065