Company No:
Contents
| 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 |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Current assets | ||||
| Stocks |
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| Debtors | 3 |
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| Cash at bank and in hand | 4 |
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| 13,361 | 12,778 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (188,970) | (145,924) | ||
| Total assets less current liabilities | (188,970) | (145,924) | ||
| Net liabilities | (
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account | (
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| Total shareholders' deficit | (
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Director's responsibilities:
The financial statements of Sipsup Limited (registered number:
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E Swete
Director |
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.
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 £.
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.
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.
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.
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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| Cash at bank and in hand |
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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.