ACCOUNTS - Final Accounts preparation

Company registration number: 11690868

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	SIPARTECH INTERNATIONAL LIMITED


SIPARTECH INTERNATIONAL LIMITED

COMPANY INFORMATION

Directors	J Santina
	B Vadon


Registered number	11690868


Registered office	Room 107, 1st Floor
	The Lighthouse Building
	368 Grays Inn Road
	London
	WC1V 8BB


Independent auditors	Hazlewoods LLP
	Chartered Accountants & Statutory Auditor
	Windsor House
	Bayshill Road
	Cheltenham
	Gloucestershire
	GL50 3AT


Accountants	Menzies LLP
	Chartered Accountants
	Victoria House
	50 - 58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


SIPARTECH INTERNATIONAL LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


SIPARTECH INTERNATIONAL LIMITED REGISTERED NUMBER:11690868

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		119		179
			119		179
Current assets
Debtors: amounts falling due within one year	5	251,041		160,386
Cash at bank and in hand		20,432		7,871
		271,473		168,257
Creditors: amounts falling due within one year	6	(249,717)		(155,020)
Net current assets			21,756		13,237
Total assets less current liabilities			21,875		13,416

Net assets			21,875		13,416

Capital and reserves
Called up share capital	7,000	7,000
Profit and loss account	14,875	6,416
	21,875	13,416

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

J Santina

Director

Date: 2 October 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1


SIPARTECH INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Sipartech International Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office, which is also the principal place of business, is disclosed on the company information page.
The financial statements are presented in sterling, which is the functional and presentational currency of the company, and are rounded to the nearest pound sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

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 of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The 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 income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2


SIPARTECH INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2024	1,361
	At 31 December 2024	1,361
	Depreciation
	At 1 January 2024	1,182
	Charge for the year on owned assets	60
	At 31 December 2024	1,242
	Net book value
	At 31 December 2024	119
	At 31 December 2023	179

Page 3


SIPARTECH INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Other debtors	79,000	80,883
Prepayments and accrued income	172,041	79,503
	251,041	160,386

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	216,639	10,279
Amounts owed to group undertakings	-	112,300
Corporation tax	4,154	2,853
Other taxation and social security	5,457	6,209
Other creditors	3,731	1,444
Accruals and deferred income	19,736	21,935
	249,717	155,020

7.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 2 October 2025 by Simon Worsley (Senior Statutory Auditor) on behalf of Hazlewoods LLP.

Page 4