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Company No: 11522485 (England and Wales)

SIPSUP LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

SIPSUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

SIPSUP LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
SIPSUP LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
DIRECTOR E Swete
REGISTERED OFFICE Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
United Kingdom
COMPANY NUMBER 11522485 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
SIPSUP LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025
SIPSUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

AS AT 31 MARCH 2025
Note 2025 2024
£ £
Current assets
Stocks 6,943 6,066
Debtors 3 3,690 6,051
Cash at bank and in hand 4 2,728 661
13,361 12,778
Creditors: amounts falling due within one year 5 ( 202,331) ( 158,702)
Net current liabilities (188,970) (145,924)
Total assets less current liabilities (188,970) (145,924)
Net liabilities ( 188,970) ( 145,924)
Capital and reserves
Called-up share capital 118 118
Profit and loss account ( 189,088 ) ( 146,042 )
Total shareholders' deficit ( 188,970) ( 145,924)

For the financial year 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 financial statements of Sipsup Limited (registered number: 11522485) were approved and authorised for issue by the Director on 08 August 2025. They were signed on its behalf by:

E Swete
Director
SIPSUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
SIPSUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sipsup Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT, United Kingdom.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic or Ireland' and the requirements of the Companies Act 2006.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company has net current liabilities of £188,970 which may indicate that it is not a going concern. The intercompany creditor has confirmed that they will not call in their loan in preference to other creditors. The directors are therefore satisfied that the business will be able to meet its liabilities as they fall due. Accordingly, the financial statements have been prepared on a going concern basis.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has not further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2025 2024
£ £
Trade debtors 2,873 6,051
VAT recoverable 817 0
3,690 6,051

4. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 2,728 661

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 10,309 811
Amounts owed to Group undertakings 189,488 154,795
Accruals 1,500 1,497
Other taxation and social security 870 1,444
Other creditors 164 155
202,331 158,702

6. Financial commitments

Pensions

The company operates a defined contribution pension scheme on behalf of its employees. It's assets are held separately from the company. During the year £832 (2024: £787) was paid in employer contributions and there were £70 (2024: £155) outstanding liabilities at the Balance Sheet date.