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REGISTERED NUMBER: SC173237 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Sibbald Limited

Sibbald Limited (Registered number: SC173237)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sibbald Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: D G Sibbald
J S Sibbald
N Ritchie





REGISTERED OFFICE: Shona's Way
Sibbald Park
Blackridge
West Lothian
EH48 3BN





REGISTERED NUMBER: SC173237 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Second Floor
Airbles House
270 Airbles Road
Motherwell
ML1 3AT

Sibbald Limited (Registered number: SC173237)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 902,250 739,475

CURRENT ASSETS
Stocks 3,275 3,275
Debtors 5 714,350 841,338
Cash at bank and in hand 336,138 434,769
1,053,763 1,279,382
CREDITORS
Amounts falling due within one year 6 722,515 1,017,368
NET CURRENT ASSETS 331,248 262,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,233,498

1,001,489

CREDITORS
Amounts falling due after more than
one year

7

(81,192

)

(105,788

)

PROVISIONS FOR LIABILITIES (160,309 ) (102,060 )
NET ASSETS 991,997 793,641

CAPITAL AND RESERVES
Called up share capital 500,000 500,000
Retained earnings 491,997 293,641
991,997 793,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sibbald Limited (Registered number: SC173237)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:




D G Sibbald - Director



J S Sibbald - Director


Sibbald Limited (Registered number: SC173237)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Sibbald Limited is a private company, limited by shares , registered in Scotland. 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. ACCOUNTING POLICIES

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

Turnover
Turnover 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.
Improvements to property - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.


Sibbald Limited (Registered number: SC173237)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2024 - 45 ) .

Sibbald Limited (Registered number: SC173237)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 65,462 1,262,148 218,764
Additions - 275,358 22,949
Disposals - (73,500 ) -
At 31 March 2025 65,462 1,464,006 241,713
DEPRECIATION
At 1 April 2024 65,462 772,944 188,088
Charge for year - 103,660 8,044
Eliminated on disposal - - -
At 31 March 2025 65,462 876,604 196,132
NET BOOK VALUE
At 31 March 2025 - 587,402 45,581
At 31 March 2024 - 489,204 30,676

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 740,346 219,894 2,506,614
Additions 149,116 8,109 455,532
Disposals (14,750 ) - (88,250 )
At 31 March 2025 874,712 228,003 2,873,896
DEPRECIATION
At 1 April 2024 531,300 209,345 1,767,139
Charge for year 86,775 9,716 208,195
Eliminated on disposal (3,688 ) - (3,688 )
At 31 March 2025 614,387 219,061 1,971,646
NET BOOK VALUE
At 31 March 2025 260,325 8,942 902,250
At 31 March 2024 209,046 10,549 739,475

Sibbald Limited (Registered number: SC173237)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 638,529 761,430
Other debtors 67,060 73,907
Prepayments 8,761 6,001
714,350 841,338

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 8,333 8,333
Hire purchase contracts 100,961 88,500
Trade creditors 177,351 287,544
Tax 1,834 (15 )
Social security and other taxes 34,698 59,860
VAT 128,851 99,770
Other creditors - 7,406
Directors' current accounts 1,800 31,098
Accrued expenses 268,687 434,872
722,515 1,017,368

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 15,542 21,080
Hire purchase contracts 65,650 84,708
81,192 105,788

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 23,875 29,413
Hire purchase contracts 166,611 173,208
190,486 202,621