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
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
SIP Circle LTD
Statement of financial position
as at 31 July 2023
Intangible assets
14,000
-
Tangible assets
150,435
81,556
Cash at bank and in hand
(2,823)
18,035
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)
-
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
SIP Circle LTD
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
At 31 July 2023
17,257
131,334
1,844
150,435
At 31 July 2022
12,276
67,135
2,145
81,556
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
27,083
8,333
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
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).