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
SIBLING & CO LIMITED
Company Information
for the year ended 31 October 2024
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
SIBLING & CO LIMITED
Statement of financial position
as at 31 October 2024
Tangible assets
4,270
5,393
Cash at bank and in hand
161,166
178,029
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
Net assets
161,235
165,697
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
SIBLING & CO LIMITED
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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 in shares are included at fair value.
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.
SIBLING & CO LIMITED
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Computer equipment
5
Investments
Other investments
Valuation at 1 November 2023
12,000
Valuation at 31 October 2024
12,000
Work in progress
7,680
30,120
Amounts falling due within one year
Trade debtors
19,028
49,258
Accrued income and prepayments
271
739
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,356
10,595
Other creditors
4,736
4,736
Loans from directors
21,108
58,892
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
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).