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Siib Ltd

Unaudited financial statements for the year ended 30 June 2024


Company information

Siib Ltd is a private company limited by shares, registered in England and Wales, registered number 10210610.

The company's registered office is: 76 Shirley Crescent, Beckenham, London, BR3 4AZ, United Kingdom.

Balance Sheet

as at 30 June 2024

2024 2023
£ £
Current assets 79,729.61 35,977.20
Creditors: amounts falling due within one year (53,596.17) (17,175.88)
Net current assets / (liabilities) 26,133.44 18,801.32
Total assets less current liabilities 26,133.44 18,801.32
Creditors: amounts falling due after more than one year (13,949.00) 0.00
Net assets 12,184.44 18,801.32
Capital and reserves 12,184.44 18,801.32

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

These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Directors' responsibilities:

Approved by the board of directors and signed on behalf of the board,

Edoardo Ceola
24 March 2025

Notes to the accounts

  1. Average number of employees

    During the year the average number of employees was 3 (2023: 3).

  2. Contingent Liabilities Note

    The company has adopted a prudent approach in writing down receivables deemed partially uncollectible. For the financial year ended 30 June 2024, a 40% impairment has been recorded on a trade receivable, amounting to a total of £11,945. The remaining balance of £17,918 will be continuously monitored and, unless contrary evidence arises, will be fully written off by 30 June 2025. The company will continue to assess the likelihood of debt recovery and will adjust the impairment percentage as necessary in future periods. This estimate has been made based on the information currently available and does not preclude any future adjustments depending on the debtor's financial position.

  3. Director Advances Credits Note

    As of 30 June 2024, the company holds a balance of £13,949 payable to the directors, classified under current/non-current liabilities. The management of this liability will be monitored based on the company’s cash flow and agreements with the directors.