Sibmis Ltd
Registered number: 13228785
Statement of Financial Position
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 301,011 301,011
Current assets
Debtors 4 934 152
Cash at bank and in hand 18,816 68,983
19,750 69,135
Creditors: amounts falling due within one year 5 (212,003) (211,572)
Net current liabilities (192,253) (142,437)
Total assets less current liabilities 108,758 158,574
Creditors: amounts falling due after more than one year 6 (100,000) (155,053)
Net assets 8,758 3,521
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,658 3,421
Shareholder's funds 8,758 3,521
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I Bush
Director
Approved by the board on 23 May 2025
Sibmis Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings No depreciation
Investments
Unlisted investments (other than investments in subsidiaries, associates and joint ventures) are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.

Changes in fair value/Impairment losses are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees and directors 2025 2024
Number Number
Average number of directors and persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2024 301,011
At 28 February 2025 301,011
Depreciation
At 28 February 2025 -
Net book value
At 28 February 2025 301,011
At 29 February 2024 301,011
4 Debtors 2025 2024
£ £
Prepayments 934 152
5 Creditors: amounts falling due within one year 2025 2024
£ £
Accruals 852 810
Corporation tax 1,210 822
Other creditors 209,941 209,940
212,003 211,572
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 100,000 155,053
7 Other information
Sibmis Ltd is a private company limited by shares and incorporated in England. Its registered office is:
30 Bowers Close
Guildford
Surrey
GU4 7NE
Sibmis Ltd 13228785 false 2024-03-01 2025-02-28 2025-02-28 VT Final Accounts April 2025 I Bush No description of principal activity 13228785 2023-03-01 2024-02-29 13228785 core:WithinOneYear 2024-02-29 13228785 core:AfterOneYear 2024-02-29 13228785 core:ShareCapital 2024-02-29 13228785 core:RetainedEarningsAccumulatedLosses 2024-02-29 13228785 2024-03-01 2025-02-28 13228785 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13228785 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 13228785 bus:Director40 2024-03-01 2025-02-28 13228785 1 2024-03-01 2025-02-28 13228785 2 2024-03-01 2025-02-28 13228785 countries:England 2024-03-01 2025-02-28 13228785 bus:FRS102 2024-03-01 2025-02-28 13228785 bus:FilletedAccounts 2024-03-01 2025-02-28 13228785 2025-02-28 13228785 core:WithinOneYear 2025-02-28 13228785 core:AfterOneYear 2025-02-28 13228785 core:ShareCapital 2025-02-28 13228785 core:RetainedEarningsAccumulatedLosses 2025-02-28 13228785 core:LandBuildings 2025-02-28 13228785 2024-02-29 13228785 core:LandBuildings 2024-02-29 iso4217:GBP xbrli:pure