2022-07-01 2023-06-30 false No description of principal activity Capium Accounts Production 1.1 10247729 bus:AbridgedAccounts 2022-07-01 2023-06-30 10247729 bus:Micro-entities 2022-07-01 2023-06-30 10247729 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10247729 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 10247729 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10247729 2022-07-01 2023-06-30 10247729 2023-06-30 10247729 bus:RegisteredOffice 2022-07-01 2023-06-30 10247729 core:WithinOneYear 2023-06-30 10247729 core:AfterOneYear 2023-06-30 10247729 bus:Director1 2022-07-01 2023-06-30 10247729 bus:Director1 2023-06-30 10247729 bus:Director1 2021-07-01 2022-06-30 10247729 2021-07-01 10247729 bus:CompanySecretary1 2022-07-01 2023-06-30 10247729 bus:LeadAgentIfApplicable 2022-07-01 2023-06-30 10247729 2021-07-01 2022-06-30 10247729 2022-06-30 10247729 core:WithinOneYear 2022-06-30 10247729 core:AfterOneYear 2022-06-30 10247729 bus:EntityAccountantsOrAuditors 2021-07-01 2022-06-30 10247729 core:MotorCars 2022-07-01 2023-06-30 10247729 core:MotorCars 2023-06-30 10247729 core:MotorCars 2022-06-30 10247729 core:FurnitureFittings 2022-07-01 2023-06-30 10247729 core:FurnitureFittings 2023-06-30 10247729 core:FurnitureFittings 2022-06-30 10247729 core:ComputerEquipment 2022-07-01 2023-06-30 10247729 core:ComputerEquipment 2023-06-30 10247729 core:ComputerEquipment 2022-06-30 10247729 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-06-30 10247729 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-06-30 10247729 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 10247729 core:CostValuation core:Non-currentFinancialInstruments 2022-06-30 10247729 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-06-30 10247729 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-06-30 10247729 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-06-30 10247729 core:Non-currentFinancialInstruments 2023-06-30 10247729 core:Non-currentFinancialInstruments 2022-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10247729
England and Wales

 

 

 

SIP SERVICES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
  2023   2022
    £ £   £ £
Fixed assets   95,720      65,382 
Current assets 291,104      227,979   
Creditors: amount falling due within one year (34,965)     (60,166)  
Net current assets   256,139      167,813 
Total assets less current liabilities   351,859      233,195 
Creditors: amount falling due after more than one year   (97,176)     (42,416)
Net assets   254,683      190,779 
 

         
Capital and reserves   254,683      190,779 
 
NOTES TO THE ACCOUNTS

General Information
SIP SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 10247729, registration address 50 Hobby Road, Banbury, OX15 4GJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25 Straight Line
Fixtures and Fittings 33.33 Straight Line
Computer Equipment 33.33 Straight Line
2.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 July 2022 71,763    1,160    6,616    79,539 
Additions 124,704        124,704 
Disposals (71,763)       (71,763)
At 30 June 2023 124,704    1,160    6,616    132,480 
Depreciation
At 01 July 2022 10,764    387    3,006    14,157 
Charge for year 31,176    386    1,805    33,367 
On disposals (10,764)       (10,764)
At 30 June 2023 31,176    773    4,811    36,760 
Net book values
Closing balance as at 30 June 2023 93,528    387    1,805    95,720 
Opening balance as at 01 July 2022 60,999    773    3,610    65,382 


3.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 06 July 2023 and were signed by:


--------------------------------
Gary Dean HAYES
Director
1