SIDDLE LIMITED


Directors	IREDALE, Dawn Marcia
	IREDALE, Marcus John
	SIDDLE, Dale Anthony
	SIDDLE, John David
	SIDDLE, Lauren
	SIDDLE, Sandra Caroline


Company Secretary	IREDALE, Dawn Marcia


Registered Address	16 Devonshire Street
	Penrith
	Cumbria
	CA11 7SR


Registered Number	04540921 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Defined contribution pension plan
	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 no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

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 no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	40		39

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	387,000	387,000
At 31 March 25	387,000	387,000
Amortisation and impairment
At 01 April 24	387,000	387,000
At 31 March 25	387,000	387,000
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	87,218	415,774	50,124	553,116
Additions	32,030	74,295	3,803	110,128
At 31 March 25	119,248	490,069	53,927	663,244
Depreciation and impairment
At 01 April 24	56,062	198,916	41,969	296,947
Charge for year	9,249	37,398	2,751	49,398
At 31 March 25	65,311	236,314	44,720	346,345
Net book value
At 31 March 25	53,937	253,755	9,207	316,899
At 31 March 24	31,156	216,858	8,155	256,169

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	502	502
At 31 March 25	502	502
Net book value
At 31 March 25	502	502
At 31 March 24	502	502

	Notes
	¹Investments in group undertakings and participating interests

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	4,798	4,798
Other debtors	40,570	61,936
Prepayments and accrued income	17,391	46,695
Total	62,759	113,429

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	216,045	314,211
Amounts owed to related parties	258,882	274,553
Taxation and social security	67,802	40,779
Other creditors	66,717	54,421
Accrued liabilities and deferred income	14,581	33,978
Total	624,027	717,942

8.	Provisions for liabilities
	The provision for deferred tax is made up of £69,200 (2024 - £40,100) in respect of accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	69,200	40,100
Total	69,200	40,100

9.	Directors advances, credits and guarantees
	On 1 April 2024 a Director owed the Company £Nil. During the period this director was advanced a further £37,145 and repaid £34,646. As at 31 March 2025 this Director owed the Company £2,499. Interest of £276 was charged on this loan. The loan is unsecured and repayable upon demand.

10.	Related party transactions
	During the year a director had a loan account with the company. At the balance sheet date the company owed the director £64,336 (2024 - £35,511). The loan is unsecured, interest free and repayable on demand. During the year a director had a loan account with the company. At the balance sheet date the company owed the director £982 (2024 - £17,494). The loan is unsecured, interest free and repayable on demand. During the year a director had a loan account with the company. At the balance sheet date the director owed the company £Nil (2024 - £148). The loan is unsecured, interest free and repayable on demand.

10.

Related party transactions

During the year a director had a loan account with the company. At the balance sheet date the company owed the director £64,336 (2024 - £35,511). The loan is unsecured, interest free and repayable on demand.

During the year a director had a loan account with the company. At the balance sheet date the company owed the director £982 (2024 - £17,494). The loan is unsecured, interest free and repayable on demand.

During the year a director had a loan account with the company. At the balance sheet date the director owed the company £Nil (2024 - £148). The loan is unsecured, interest free and repayable on demand.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		316,899		256,169
Investments	5		502		502
			317,401		256,671
Current assets
Stocks		535,286		540,095
Debtors	6	62,759		113,429
Cash at bank and on hand		791,926		836,384
		1,389,971		1,489,908
Creditors amounts falling due within one year	7	(624,027)		(717,942)
Net current assets (liabilities)			765,944		771,966
Total assets less current liabilities			1,083,345		1,028,637
Provisions for liabilities	8		(69,200)		(40,100)
Net assets			1,014,145		988,537
Capital and reserves
Called up share capital			202		202
Profit and loss account			1,013,943		988,335
Shareholders' funds			1,014,145		988,537