SIPWELL EVENTS LTD

Company Registration Number:
14109107 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

SIPWELL EVENTS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

SIPWELL EVENTS LTD

Company Information

for the Period Ended 31 May 2024




Director: philip heslop
Registered office: Neptune Cottage
Sea Bank
Boston
England
PE21 0AD
Company Registration Number: 14109107 (England and Wales)

SIPWELL EVENTS LTD

Directors' Report Period Ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal Activities

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Political and charitable donations

none

Company policy on the employment of disabled persons

equal opportunities employer

Directors

The directors shown below have held office during the whole of the period from 01 June 2023 to 31 May 2024
philip heslop

This report was approved by the board of directors on 9 October 2024
And Signed On Behalf Of The Board By:

Name: philip heslop
Status: Director

SIPWELL EVENTS LTD

Profit and Loss Account

for the Period Ended 31 May 2024


Notes

2024
£
13 months to
31 May 2023
£
Turnover 56,528 17,250
Cost of sales ( 24,335 ) ( 7,829 )
Gross Profit or (Loss) 32,193 9,421
Income from coronavirus (COVID-19) business support grants 0 -
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 0 ) ( 0 )
Other operating income 0 0
Operating Profit or (Loss) 32,193 9,421
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 32,193 9,421
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period 32,193 9,421

The notes form part of these financial statements

SIPWELL EVENTS LTD

Balance sheet

As at 31 May 2024


Notes

2024
£
13 months to
31 May 2023
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 11,000 11,000
Total fixed assets: 11,000 11,000
Current assets
Stocks: 2,000 1,500
Debtors: 6 0 0
Cash at bank and in hand: 1,267 0
Total current assets: 3,267 1,500
Prepayments and accrued income: 0 0
Net current assets (liabilities): 3,267 1,500
Total assets less current liabilities: 14,267 12,500
Creditors: amounts falling due after more than one year: 7 ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 14,267 12,500

The notes form part of these financial statements

SIPWELL EVENTS LTD

Balance sheet continued

As at 31 May 2024


Notes

2024
£
13 months to
31 May 2023
£
Capital and reserves
Called up share capital: 14,267 12,500
Revaluation reserve: 8 0 0
Profit and loss account: 0 0
Shareholders funds: 14,267 12,500

For the year ending 31 May 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 9 October 2024
And Signed On Behalf Of The Board By:

Name: philip heslop
Status: Director

The notes form part of these financial statements

SIPWELL EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    accounts have been conducted through quikbooks. All sales are card based, and therefore traceable

    Tangible fixed assets depreciation policy

    no deprecation added

    Intangible fixed assets amortisation policy

    no intangible assets

    Valuation information and policy

    current value of van and equipment

SIPWELL EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024
    13 months to
    31 May 2023
    Average number of employees during the period 2 1

SIPWELL EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

SIPWELL EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Intangible assets

Goodwill Total
Cost £ £
At 01 June 2023 0 0
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 May 2024 0 0
Amortisation
Amortisation at 01 June 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 31 May 2024 0 0
Net book value
Net book value at 31 May 2024 0 0
Net book value at 31 May 2023 0 0

SIPWELL EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Tangible assets

Fixtures & fittings Motor vehicles Total
Cost £ £ £
At 01 June 2023 3,000 8,000 11,000
Additions 0 0 0
Disposals ( 0 ) ( 0 ) ( 0 )
Revaluations 0 0 0
Transfers 0 0 0
At 31 May 2024 3,000 8,000 11,000
Depreciation
At 01 June 2023 0 0 0
Charge for year 0 0 0
On disposals ( 0 ) ( 0 ) ( 0 )
Other adjustments 0 0 0
At 31 May 2024 0 0 0
Net book value
At 31 May 2024 3,000 8,000 11,000
At 31 May 2023 3,000 8,000 11,000

purchase of van and bar structures

SIPWELL EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Debtors


2024
£
13 months to
31 May 2023
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 0
Debtors due after more than one year: 0 0

no debtors, just stock

SIPWELL EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

7.Creditors: amounts falling due after more than one year


2024
£
13 months to
31 May 2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0

SIPWELL EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

8. Revaluation reserve


2024
£
Balance at 01 June 2023 0
Surplus or deficit after revaluation 0
Balance at 31 May 2024 0