REGISTERED NUMBER: 05308155 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SIP BUILDING SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Nixon

P J Barr

K J Platt

P Postle

SECRETARY:

P Hannah

REGISTERED OFFICE:

Unit 1, The Bond

Hammond Road

Knowsley Industrial Park

Liverpool

Merseyside

L33 7UL

REGISTERED NUMBER:

05308155 (England and Wales)

ACCOUNTANTS:

C A Hunter Limited

Britannia Chambers

26 George Street

St Helens

Merseyside

WA10 1BZ

FIXED ASSETS

Tangible assets

4

875,710

954,081

CURRENT ASSETS

Stocks

183,902

252,102

Debtors

5

1,377,104

1,115,212

Cash at bank and in hand

67,006

94,229

1,628,012

1,461,543

CREDITORS

Amounts falling due within one year

6

1,154,735

1,175,479

NET CURRENT ASSETS

473,277

286,064

TOTAL ASSETS LESS CURRENT LIABILITIES

1,348,987

1,240,145

CREDITORS

Amounts falling due after more than one year

7

(87,497

)

(102,240

)

PROVISIONS FOR LIABILITIES

(96,025

)

(78,491

)

NET ASSETS

1,165,465

1,059,414

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,165,265

1,059,214

SHAREHOLDERS' FUNDS

1,165,465

1,059,414

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

P J Barr - Director

1.	STATUTORY INFORMATION

SIP Building Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

-

5% on cost

Plant and machinery

-

10 - 20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

15 - 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 18 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

661,347

1,423,390

98,871

138,634

2,322,242

Additions

225

-

67,180

1,544

68,949

At 31 March 2025

661,572

1,423,390

166,051

140,178

2,391,191

DEPRECIATION

At 1 April 2024

212,600

1,005,428

17,815

132,318

1,368,161

Charge for year

31,449

89,523

22,371

3,977

147,320

At 31 March 2025

244,049

1,094,951

40,186

136,295

1,515,481

NET BOOK VALUE

At 31 March 2025

417,523

328,439

125,865

3,883

875,710

At 31 March 2024

448,747

417,962

81,056

6,316

954,081

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

723,671

655,120

Other debtors

653,433

460,092

1,377,104

1,115,212

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

70,053

67,819

Trade creditors

881,915

555,669

Taxation and social security

116,761

123,377

Other creditors

86,006

428,614

1,154,735

1,175,479

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

87,497

102,240

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is SIP Group Holdings Limited, by virtue of its holding of 100% of the company's issued share capital.