Caseware UK (AP4) 2023.0.135 2023.0.135 2022-10-312022-10-31trueNo description of principal activity2021-11-01false22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11014647 2021-11-01 2022-10-31 11014647 2020-11-01 2021-10-31 11014647 2022-10-31 11014647 2021-10-31 11014647 c:Director2 2021-11-01 2022-10-31 11014647 d:FurnitureFittings 2021-11-01 2022-10-31 11014647 d:FurnitureFittings 2022-10-31 11014647 d:FurnitureFittings 2021-10-31 11014647 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 11014647 d:ComputerEquipment 2021-11-01 2022-10-31 11014647 d:ComputerEquipment 2022-10-31 11014647 d:ComputerEquipment 2021-10-31 11014647 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 11014647 d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 11014647 d:CurrentFinancialInstruments 2022-10-31 11014647 d:CurrentFinancialInstruments 2021-10-31 11014647 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11014647 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 11014647 d:ShareCapital 2022-10-31 11014647 d:ShareCapital 2021-10-31 11014647 d:RetainedEarningsAccumulatedLosses 2022-10-31 11014647 d:RetainedEarningsAccumulatedLosses 2021-10-31 11014647 c:OrdinaryShareClass1 2021-11-01 2022-10-31 11014647 c:OrdinaryShareClass1 2022-10-31 11014647 c:OrdinaryShareClass1 2021-10-31 11014647 c:FRS102 2021-11-01 2022-10-31 11014647 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 11014647 c:FullAccounts 2021-11-01 2022-10-31 11014647 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 11014647 2 2021-11-01 2022-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11014647









SIOBAHN & CO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
SIOBAHN & CO LIMITED
REGISTERED NUMBER: 11014647

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,355
4,579

  
3,355
4,579

Current assets
  

Stocks
 5 
107,673
65,648

Debtors: amounts falling due within one year
 6 
8,053
-

Cash at bank and in hand
 7 
5,764
12,552

  
121,490
78,200

Creditors: amounts falling due within one year
 8 
(272,826)
(164,046)

Net current liabilities
  
 
 
(151,336)
 
 
(85,846)

Total assets less current liabilities
  
(147,981)
(81,267)

  

Net liabilities
  
(147,981)
(81,267)


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
(147,983)
(81,269)

  
(147,981)
(81,267)

Page 1

 
SIOBAHN & CO LIMITED
REGISTERED NUMBER: 11014647
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Farley
Director

Date: 23 April 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
SIOBAHN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Siobahn & Co Limited is a private company limited by shares and incorporated in England and Wales. The registered office is 124 Brondesbury Park, Lonaon,England, NW2 5JP.
The financial statements are presented in Pounds Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been drawn up on the going concern basis. The company is dependent upon the continuing support of its shareholders in order to meet its ongoing commitments. The Directors are confident that support from these parties will continue. On this basis, the Directors consider it appropriate to prepare the financial statements on the going concern basis. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
SIOBAHN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SIOBAHN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 5

 
SIOBAHN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2021
4,167
1,901
6,068



At 31 October 2022

4,167
1,901
6,068



Depreciation


At 1 November 2021
1,172
317
1,489


Charge for the year on owned assets
749
475
1,224



At 31 October 2022

1,921
792
2,713



Net book value



At 31 October 2022
2,246
1,109
3,355



At 31 October 2021
2,995
1,584
4,579


5.


Stocks

2022
2021
£
£

Finished goods and goods for resale
107,673
65,648

107,673
65,648


Page 6

 
SIOBAHN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

6.


Debtors

2022
2021
£
£


Trade debtors
6,977
-

Other debtors
1,076
-

8,053
-



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
5,764
12,552

5,764
12,552



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
7,231
-

Other taxation and social security
-
4,013

Other creditors
263,095
156,608

Accruals and deferred income
2,500
3,425

272,826
164,046



9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



2 (2021 - 2) Ordinary shares of £1.00 each
2
2


 
Page 7