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Registration number: SC744378

Sibkay Ltd

Unaudited Filleted Financial Statements

for the Period from 1 October 2023 to 31 March 2025

 

Sibkay Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Sibkay Ltd

Company Information

Director

Miss Cynthia Moyo

Company secretary

Miss Cynthia Moyo

Registered office

10/6 12 Dobbies Loan Place
Glasgow
G4 0BJ

Accountants

K & N Accounting Ltd 60 Windsor Avenue
London
South West London
SW19 2RR

 

Sibkay Ltd

(Registration number: SC744378)
Balance Sheet as at 31 March 2025

Note

2025
£

2023
£

Current assets

 

Debtors

4

314

2,706

Cash at bank and in hand

 

8

-

 

322

2,706

Creditors: Amounts falling due within one year

5

-

(2,034)

Net assets

 

322

672

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

321

671

Shareholders' funds

 

322

672

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 June 2025
 

.........................................
Miss Cynthia Moyo
Company secretary and director

   
     
 

Sibkay Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
10/6 12 Dobbies Loan Place
Glasgow
G4 0BJ
Scotland

These financial statements were authorised for issue by the director on 23 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Sibkay Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Debtors

Current

2025
£

2023
£

Other debtors

314

2,706

 

314

2,706

 

Sibkay Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

5

Creditors

Creditors: amounts falling due within one year

2025
£

2023
£

Due within one year

Taxation and social security

-

2,034

6

Share capital

Allotted, called up and fully paid shares

2025

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

7

Dividends

2025

2023

£

£

Final dividend of £Nil (2023 - £8,000.00) per ordinary share

-

8,000

 

 

8

Related party transactions

 

Sibkay Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

Transactions with the director

2025

At 1 October 2023
£

Advances to director
£

At 31 March 2025
£

Miss Cynthia Moyo

Advance

-

231

231

2023

At 14 September 2022
£

Advances to director
£

At 30 September 2023
£

Miss Cynthia Moyo

Advance

-

2,706

2,706

 

Sibkay Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

Director's remuneration

The director's remuneration for the period was as follows:

2025
£

2023
£

Remuneration

-

9,100