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Company Registration No. 08151053 (England and Wales)
SIBLING & CO LIMITED Unaudited accounts for the year ended 31 October 2024
SIBLING & CO LIMITED Unaudited accounts Contents
Page
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SIBLING & CO LIMITED Company Information for the year ended 31 October 2024
Director
Mrs H.L. Barratt
Secretary
Mrs H.L. Barratt
Company Number
08151053 (England and Wales)
Registered Office
66a Great Titchfield Street London W1W 7QJ England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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SIBLING & CO LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,270 
5,393 
Investments
12,000 
12,000 
16,270 
17,393 
Current assets
Inventories
7,680 
30,120 
Debtors
19,299 
50,049 
Cash at bank and in hand
161,166 
178,029 
188,145 
258,198 
Creditors: amounts falling due within one year
(42,369)
(108,869)
Net current assets
145,776 
149,329 
Total assets less current liabilities
162,046 
166,722 
Provisions for liabilities
Deferred tax
(811)
(1,025)
Net assets
161,235 
165,697 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
161,035 
165,497 
Shareholders' funds
161,235 
165,697 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 June 2025 and were signed on its behalf by
Mrs H.L. Barratt Director Company Registration No. 08151053
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SIBLING & CO LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
SIBLING & CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08151053. The registered office is 66a Great Titchfield Street, London, W1W 7QJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight line basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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SIBLING & CO LIMITED Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2023
16,163 
At 31 October 2024
16,163 
Depreciation
At 1 November 2023
10,770 
Charge for the year
1,123 
At 31 October 2024
11,893 
Net book value
At 31 October 2024
4,270 
At 31 October 2023
5,393 
5
Investments
Other investments 
£ 
Valuation at 1 November 2023
12,000 
Valuation at 31 October 2024
12,000 
6
Inventories
2024 
2023 
£ 
£ 
Work in progress
7,680 
30,120 
7,680 
30,120 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
52 
Trade debtors
19,028 
49,258 
Accrued income and prepayments
271 
739 
19,299 
50,049 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,518 
- 
Trade creditors
- 
21,201 
Taxes and social security
5,356 
10,595 
Other creditors
4,736 
4,736 
Loans from directors
21,108 
58,892 
Accruals
6,651 
13,445 
42,369 
108,869 
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SIBLING & CO LIMITED Notes to the Accounts for the year ended 31 October 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
811 
1,025 
2024 
2023 
£ 
£ 
Provision at start of year
1,025 
41 
(Credited)/charged to the profit and loss account
(214)
984 
Provision at end of year
811 
1,025 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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