5 5 Sibor Limited 07227260 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Engineering design activities for industrial process and production Digita Accounts Production Advanced 6.30.9574.0 true 07227260 2023-05-01 2024-04-30 07227260 2024-04-30 07227260 core:CurrentFinancialInstruments 2024-04-30 07227260 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 07227260 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 07227260 core:FurnitureFittingsToolsEquipment 2024-04-30 07227260 core:MotorVehicles 2024-04-30 07227260 bus:SmallEntities 2023-05-01 2024-04-30 07227260 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07227260 bus:FilletedAccounts 2023-05-01 2024-04-30 07227260 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07227260 bus:RegisteredOffice 2023-05-01 2024-04-30 07227260 bus:CompanySecretary1 2023-05-01 2024-04-30 07227260 bus:Director1 2023-05-01 2024-04-30 07227260 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07227260 core:CommercialMotorVehicles 2023-05-01 2024-04-30 07227260 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 07227260 core:MotorVehicles 2023-05-01 2024-04-30 07227260 core:VehiclesPlantMachinery 2023-05-01 2024-04-30 07227260 countries:AllCountries 2023-05-01 2024-04-30 07227260 2023-04-30 07227260 core:FurnitureFittingsToolsEquipment 2023-04-30 07227260 core:MotorVehicles 2023-04-30 07227260 2022-05-01 2023-04-30 07227260 2023-04-30 07227260 core:CurrentFinancialInstruments 2023-04-30 07227260 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 07227260 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 07227260 core:FurnitureFittingsToolsEquipment 2023-04-30 07227260 core:MotorVehicles 2023-04-30 xbrli:pure iso4217:GBP

Registration number: 07227260

Sibor Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Sibor Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Sibor Limited

Company Information

Director

Mr Robert Mockridge

Company secretary

Mrs Helen Mockridge

Registered office

Wyvern House
Amesbury Road
Shrewton
Salisbury
Wiltshire
SP3 4HD

 

Sibor Limited

(Registration number: 07227260)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,030

27,744

Current assets

 

Stocks

5

76,538

8,783

Debtors

52,123

64,785

Cash at bank and in hand

 

502,765

650,585

 

631,426

724,153

Prepayments and accrued income

 

79,483

2,866

Creditors: Amounts falling due within one year

(267,739)

(236,586)

Net current assets

 

443,170

490,433

Total assets less current liabilities

 

466,200

518,177

Creditors: Amounts falling due after more than one year

(11,335)

(21,355)

Accruals and deferred income

 

(1,900)

(1,850)

Net assets

 

452,965

494,972

Capital and reserves

 

Called up share capital

6

200

200

Retained earnings

452,765

494,772

Shareholders' funds

 

452,965

494,972

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Sibor Limited

(Registration number: 07227260)
Abridged Balance Sheet as at 30 April 2024

Approved and authorised by the director on 30 January 2025
 

.........................................
Mr Robert Mockridge
Director

 

Sibor Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office is:
Wyvern House
Amesbury Road
Shrewton
Salisbury
Wiltshire
SP3 4HD

These financial statements were authorised for issue by the director on 30 January 2025.

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

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Sibor Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

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:

Asset class

Depreciation method and rate

Plant & Machinery

15% Reducing balance

Motor Expenses

20% Reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 5).

 

Sibor Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

22,321

16,275

38,596

At 30 April 2024

22,321

16,275

38,596

Depreciation

At 1 May 2023

5,644

5,208

10,852

Charge for the year

2,501

2,213

4,714

At 30 April 2024

8,145

7,421

15,566

Carrying amount

At 30 April 2024

14,176

8,854

23,030

At 30 April 2023

16,677

11,067

27,744

5

Stocks

2024
£

2023
£

Work in progress

33,131

8,783

Other inventories

43,407

-

76,538

8,783

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

200

200

200

200