2022-04-012023-03-312023-03-31false04811328SIBO'S LIFES A BEACH LTD.2024-02-0656101iso4217:GBPxbrli:pure048113282022-04-01048113282023-03-31048113282022-04-012023-03-31048113282021-04-01048113282022-03-31048113282021-04-012022-03-3104811328bus:SmallEntities2022-04-012023-03-3104811328bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3104811328bus:FullAccounts2022-04-012023-03-3104811328bus:PrivateLimitedCompanyLtd2022-04-012023-03-3104811328core:WithinOneYear2023-03-3104811328core:AfterOneYear2023-03-3104811328core:WithinOneYear2022-03-3104811328core:AfterOneYear2022-03-3104811328core:ShareCapital2023-03-3104811328core:SharePremium2023-03-3104811328core:RevaluationReserve2023-03-3104811328core:OtherReservesSubtotal2023-03-3104811328core:RetainedEarningsAccumulatedLosses2023-03-3104811328core:ShareCapital2022-03-3104811328core:SharePremium2022-03-3104811328core:RevaluationReserve2022-03-3104811328core:OtherReservesSubtotal2022-03-3104811328core:RetainedEarningsAccumulatedLosses2022-03-3104811328core:LandBuildings2023-03-3104811328core:PlantMachinery2023-03-3104811328core:Vehicles2023-03-3104811328core:FurnitureFittings2023-03-3104811328core:OfficeEquipment2023-03-3104811328core:NetGoodwill2023-03-3104811328core:IntangibleAssetsOtherThanGoodwill2023-03-3104811328core:ListedExchangeTraded2023-03-3104811328core:UnlistedNon-exchangeTraded2023-03-3104811328core:LandBuildings2022-03-3104811328core:PlantMachinery2022-03-3104811328core:Vehicles2022-03-3104811328core:FurnitureFittings2022-03-3104811328core:OfficeEquipment2022-03-3104811328core:NetGoodwill2022-03-3104811328core:IntangibleAssetsOtherThanGoodwill2022-03-3104811328core:ListedExchangeTraded2022-03-3104811328core:UnlistedNon-exchangeTraded2022-03-3104811328core:LandBuildings2022-04-012023-03-3104811328core:PlantMachinery2022-04-012023-03-3104811328core:Vehicles2022-04-012023-03-3104811328core:FurnitureFittings2022-04-012023-03-3104811328core:OfficeEquipment2022-04-012023-03-3104811328core:NetGoodwill2022-04-012023-03-3104811328core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104811328core:ListedExchangeTraded2022-04-012023-03-3104811328core:UnlistedNon-exchangeTraded2022-04-012023-03-3104811328core:MoreThanFiveYears2022-04-012023-03-3104811328core:Non-currentFinancialInstruments2023-03-3104811328core:Non-currentFinancialInstruments2022-03-3104811328dpl:CostSales2022-04-012023-03-3104811328dpl:DistributionCosts2022-04-012023-03-3104811328core:LandBuildings2022-04-012023-03-3104811328core:PlantMachinery2022-04-012023-03-3104811328core:Vehicles2022-04-012023-03-3104811328core:FurnitureFittings2022-04-012023-03-3104811328core:OfficeEquipment2022-04-012023-03-3104811328dpl:AdministrativeExpenses2022-04-012023-03-3104811328core:NetGoodwill2022-04-012023-03-3104811328core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104811328dpl:GroupUndertakings2022-04-012023-03-3104811328dpl:ParticipatingInterests2022-04-012023-03-3104811328dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3104811328core:ListedExchangeTraded2022-04-012023-03-3104811328dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3104811328core:UnlistedNon-exchangeTraded2022-04-012023-03-3104811328dpl:CostSales2021-04-012022-03-3104811328dpl:DistributionCosts2021-04-012022-03-3104811328core:LandBuildings2021-04-012022-03-3104811328core:PlantMachinery2021-04-012022-03-3104811328core:Vehicles2021-04-012022-03-3104811328core:FurnitureFittings2021-04-012022-03-3104811328core:OfficeEquipment2021-04-012022-03-3104811328dpl:AdministrativeExpenses2021-04-012022-03-3104811328core:NetGoodwill2021-04-012022-03-3104811328core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3104811328dpl:GroupUndertakings2021-04-012022-03-3104811328dpl:ParticipatingInterests2021-04-012022-03-3104811328dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3104811328core:ListedExchangeTraded2021-04-012022-03-3104811328dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3104811328core:UnlistedNon-exchangeTraded2021-04-012022-03-3104811328core:NetGoodwill2023-03-3104811328core:IntangibleAssetsOtherThanGoodwill2023-03-3104811328core:LandBuildings2023-03-3104811328core:PlantMachinery2023-03-3104811328core:Vehicles2023-03-3104811328core:FurnitureFittings2023-03-3104811328core:OfficeEquipment2023-03-3104811328core:AfterOneYear2023-03-3104811328core:WithinOneYear2023-03-3104811328core:ListedExchangeTraded2023-03-3104811328core:UnlistedNon-exchangeTraded2023-03-3104811328core:ShareCapital2023-03-3104811328core:SharePremium2023-03-3104811328core:RevaluationReserve2023-03-3104811328core:OtherReservesSubtotal2023-03-3104811328core:RetainedEarningsAccumulatedLosses2023-03-3104811328core:NetGoodwill2022-03-3104811328core:IntangibleAssetsOtherThanGoodwill2022-03-3104811328core:LandBuildings2022-03-3104811328core:PlantMachinery2022-03-3104811328core:Vehicles2022-03-3104811328core:FurnitureFittings2022-03-3104811328core:OfficeEquipment2022-03-3104811328core:AfterOneYear2022-03-3104811328core:WithinOneYear2022-03-3104811328core:ListedEx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SIBO'S LIFES A BEACH LTD.

Registered Number
04811328
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

SIBO'S LIFES A BEACH LTD.
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

SIBLEY, David

Company Secretary

SIBLEY, Rebecca Jade

Registered Address

16 Summerleaze Crescent
Bude
EX23 8HN

Registered Number

04811328 (England and Wales)
SIBO'S LIFES A BEACH LTD.
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets73,12287,549
73,12287,549
Current assets
Stocks54,5274,527
Debtors638,126180,902
Cash at bank and on hand45,898116,457
88,551301,886
Creditors amounts falling due within one year7(57,460)(36,623)
Net current assets (liabilities)31,091265,263
Total assets less current liabilities104,213352,812
Net assets104,213352,812
Capital and reserves
Called up share capital100100
Profit and loss account104,113352,712
Shareholders' funds104,213352,812
The financial statements were approved and authorised for issue by the Director on 6 February 2024, and are signed on its behalf by:
SIBLEY, David
Director
Registered Company No. 04811328
SIBO'S LIFES A BEACH LTD.
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery18
Vehicles18
Office Equipment18
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year3636
5.Stocks

2023

2022

££
Other stocks4,5274,527
Total4,5274,527
6.Debtors

2023

2022

££
Trade debtors / trade receivables18,403-
Other debtors4,977-
Other debtors (Non-current)14,746180,902
Total38,126180,902
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables47,5067,800
Taxation and social security9,95428,823
Total57,46036,623
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.