SIBERIAN CHIC LIMITED 08514374 true 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is sale of clothing Digita Accounts Production Advanced 6.30.9574.0 true Mr Gavin Chapman true 08514374 2022-11-01 2023-10-31 08514374 2023-10-31 08514374 bus:OrdinaryShareClass1 2023-10-31 08514374 core:RetainedEarningsAccumulatedLosses 2023-10-31 08514374 core:ShareCapital 2023-10-31 08514374 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 08514374 core:FurnitureFittingsToolsEquipment 2023-10-31 08514374 bus:FRS102 2022-11-01 2023-10-31 08514374 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08514374 bus:FullAccounts 2022-11-01 2023-10-31 08514374 bus:RegisteredOffice 2022-11-01 2023-10-31 08514374 bus:Director1 2022-11-01 2023-10-31 08514374 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 08514374 bus:EntityNoLongerTradingButTradedInPast 2022-11-01 2023-10-31 08514374 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08514374 countries:UnitedKingdom 2022-11-01 2023-10-31 08514374 2022-10-31 08514374 core:FurnitureFittingsToolsEquipment 2022-10-31 08514374 2021-11-01 2022-10-31 08514374 2022-10-31 08514374 bus:OrdinaryShareClass1 2022-10-31 08514374 core:RetainedEarningsAccumulatedLosses 2022-10-31 08514374 core:ShareCapital 2022-10-31 08514374 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 08514374 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08514374

SIBERIAN CHIC LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

SIBERIAN CHIC LIMITED

Profit and Loss Account for the Year Ended 31 October 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

SIBERIAN CHIC LIMITED

(Registration number: 08514374)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

167

167

Current assets

 

Stocks

4

20,000

20,000

Cash at bank and in hand

 

2,399

2,399

 

22,399

22,399

Creditors: Amounts falling due within one year

6

(145,291)

(145,291)

Net current liabilities

 

(122,892)

(122,892)

Net liabilities

 

(122,725)

(122,725)

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

(122,727)

(122,727)

Shareholders' deficit

 

(122,725)

(122,725)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 July 2024
 

.........................................
Mr Gavin Chapman
Director

 

SIBERIAN CHIC LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
249 Silbury Boulevard
Milton Keynes
Bucks
MK9 1NA

These financial statements were authorised for issue by the director on 31 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

SIBERIAN CHIC LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

SIBERIAN CHIC LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

1,249

1,249

At 31 October 2023

1,249

1,249

Depreciation

At 1 November 2022

1,082

1,082

At 31 October 2023

1,082

1,082

Carrying amount

At 31 October 2023

167

167

At 31 October 2022

167

167

4

Stocks

2023
£

2022
£

Other inventories

20,000

20,000

5

Cash and cash equivalents

2023
£

2022
£

Cash at bank

2,399

2,399

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Amounts due to related parties

143,729

143,729

Accruals

 

1,562

1,562

 

145,291

145,291

7

Share capital

Allotted, called up and fully paid shares

 

SIBERIAN CHIC LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

8

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).