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Company Registration No. 13348276 (England and Wales)
SIP Circle LTD Unaudited accounts for the year ended 31 July 2023
SIP Circle LTD Unaudited accounts Contents
Page
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SIP Circle LTD Company Information for the year ended 31 July 2023
Director
Ms Roberta HERRIDGE
Company Number
13348276 (England and Wales)
Registered Office
63 Silver Street Salisbury Wiltshire SP1 2NG England
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SIP Circle LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
14,000 
- 
Tangible assets
150,435 
81,556 
164,435 
81,556 
Current assets
Inventories
4,398 
4,398 
Debtors
40,005 
20,379 
Cash at bank and in hand
(2,823)
18,035 
41,580 
42,812 
Creditors: amounts falling due within one year
(128,554)
(119,016)
Net current liabilities
(86,974)
(76,204)
Total assets less current liabilities
77,461 
5,352 
Creditors: amounts falling due after more than one year
(56,491)
- 
Net assets
20,970 
5,352 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
20,968 
5,350 
Shareholders' funds
20,970 
5,352 
For the year ending 31 July 2023 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 director acknowledges her 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 and authorised for issue on 30 July 2024 and were signed on its behalf by
Ms Roberta HERRIDGE Director Company Registration No. 13348276
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SIP Circle LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
SIP Circle LTD is a private company, limited by shares, registered in England and Wales, registration number 13348276. The registered office is 63 Silver Street, Salisbury, Wiltshire, SP1 2NG, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2022
- 
Additions
15,000 
At 31 July 2023
15,000 
Amortisation
At 1 August 2022
- 
Charge for the year
1,000 
At 31 July 2023
1,000 
Net book value
At 31 July 2023
14,000 
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SIP Circle LTD Notes to the Accounts for the year ended 31 July 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
14,467 
76,196 
2,822 
93,485 
Additions
9,195 
86,665 
822 
96,682 
At 31 July 2023
23,662 
162,861 
3,644 
190,167 
Depreciation
At 1 August 2022
2,191 
9,061 
677 
11,929 
Charge for the year
4,214 
22,466 
1,123 
27,803 
At 31 July 2023
6,405 
31,527 
1,800 
39,732 
Net book value
At 31 July 2023
17,257 
131,334 
1,844 
150,435 
At 31 July 2022
12,276 
67,135 
2,145 
81,556 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
12,922 
5,535 
Amounts falling due after more than one year
Trade debtors
- 
6,511 
Other debtors
27,083 
8,333 
27,083 
14,844 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
22,539 
15,152 
Trade creditors
9,961 
4,849 
Taxes and social security
- 
1,034 
Other creditors
5,089 
1,003 
Loans from directors
90,965 
84,195 
Deferred income
- 
12,783 
128,554 
119,016 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
56,491 
- 
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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