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REGISTERED NUMBER: 02116389 (England and Wales)















Financial Statements

for the Year Ended 31 October 2024

for

Sibert Instruments Ltd

Sibert Instruments Ltd (Registered number: 02116389)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sibert Instruments Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: I J Locke





REGISTERED OFFICE: Unit 5 Grove Park
Mill Lane
Alton
Hampshire
GU34 2QG





REGISTERED NUMBER: 02116389 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Sibert Instruments Ltd (Registered number: 02116389)

Statement of Financial Position
31 October 2024

31/10/24 31/10/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 12,993 20,508

CURRENT ASSETS
Inventories 181,337 254,176
Debtors 6 113,554 98,256
Cash at bank and in hand 798,509 714,352
1,093,400 1,066,784
CREDITORS
Amounts falling due within one year 7 (429,342 ) (419,750 )
NET CURRENT ASSETS 664,058 647,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

677,051

667,542

CREDITORS
Amounts falling due after more than one
year

8

-

(2,725

)
NET ASSETS 677,051 664,817

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 676,951 664,717
SHAREHOLDERS' FUNDS 677,051 664,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Sibert Instruments Ltd (Registered number: 02116389)

Statement of Financial Position - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2025 and were signed by:





I J Locke - Director


Sibert Instruments Ltd (Registered number: 02116389)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Sibert Instruments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Sibert Instruments Ltd (Registered number: 02116389)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 November 2023 61,188 28,348 53,634 143,170
Additions - - 1,038 1,038
At 31 October 2024 61,188 28,348 54,672 144,208
Depreciation
At 1 November 2023 56,593 12,504 53,565 122,662
Charge for year 2,763 5,539 251 8,553
At 31 October 2024 59,356 18,043 53,816 131,215
Net book value
At 31 October 2024 1,832 10,305 856 12,993
At 31 October 2023 4,595 15,844 69 20,508

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 74,973 62,665
Other debtors 38,581 35,591
113,554 98,256

Sibert Instruments Ltd (Registered number: 02116389)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts - 1,788
Trade creditors 156,420 63,534
Taxation and social security 9,545 10,264
Other creditors 263,377 344,164
429,342 419,750

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Bank loans - 2,725

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/10/24 31/10/23
£    £   
Within one year 27,500 27,500
Between one and five years 34,375 61,875
61,875 89,375