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Company registration number: 08300921
SIB Group Ltd
Unaudited filleted financial statements
30 June 2025
SIB Group Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
SIB Group Ltd
Directors and other information

| Directors | Mr R Buist
|  | Mr M Morris
| Company number | 08300921
| Registered office | Unit 51 Britannia Way
|  | Britannia Enterprise Park
|  | Lichfield
|  | Staffordshire
|  | WS14 9UY
| Accountants | Windsors Rybridge Ltd
|  | 9 Castle Court (2)
|  | Castlegate Way
|  | Dudley
|  | West Midlands
|  | DY1 4RH

SIB Group Ltd
Statement of financial position
30 June 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 358,528 |  |  |  | 365,849 |  |
Investments |  | 6 | 100,000 |  |  |  | 100,000 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 458,528 |  |  |  | 465,849
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 7 | 15,065 |  |  |  | 24,785 |  |
Cash at bank and in hand |  |  | 43,642 |  |  |  | 27,876 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 58,707 |  |  |  | 52,661 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 8 | ( 38,530) |  |  |  | ( 37,405) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 20,177 |  |  |  | 15,256
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 478,705 |  |  |  | 481,105
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 9 |  |  | ( 63,837) |  |  |  | ( 88,964)
Provisions for liabilities |  |  |  |  | ( 19,227) |  |  |  | ( 20,618)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 395,641 |  |  |  | 371,523
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 864 |  |  |  | 864
Profit and loss account |  |  |  |  | 394,777 |  |  |  | 370,659
|  |  |  |  | _______ |  |  |  | _______
Shareholder funds |  |  |  |  | 395,641 |  |  |  | 371,523
|  |  |  |  | _______ |  |  |  | _______

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 January 2026 , and are signed on behalf of the board by:
Mr R Buist
Director
Company registration number: 08300921
SIB Group Ltd
Notes to the financial statements
Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 51 Britannia Way, Britannia Enterprise Park, Lichfield, Staffordshire, WS14 9UY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold property | - | 0 % |
| Motor vehicles | - | 20 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

|  | Freehold property | Motor vehicles | Total |  |  |  |
|  | £ | £ | £ |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 July 2024 | 257,334 | 125,361 | 382,695 |  |  |  |
| Additions | - | 15,139 | 15,139 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 30 June 2025 | 257,334 | 140,500 | 397,834 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 July 2024 | - | 16,846 | 16,846 |  |  |  |
| Charge for the year | - | 22,460 | 22,460 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 30 June 2025 | - | 39,306 | 39,306 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 30 June 2025 | 257,334 | 101,194 | 358,528 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 30 June 2024 | 257,334 | 108,515 | 365,849 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |

6. Investments

|  | Shares in group undertakings and participating interests | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 July 2024 and 30 June 2025 | 100,000 | 100,000 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 July 2024 and 30 June 2025 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 30 June 2025 | 100,000 | 100,000 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 30 June 2024 | 100,000 | 100,000 |  |  |  |
|  | _______ | _______ |  |  |  |

7. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 14,400 | 22,800
| Other debtors |  | 665 | 1,985
|  |  | _______ | _______
|  |  | 15,065 | 24,785
|  |  | _______ | _______

8. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans |  | - | 10,000
| Corporation tax |  | 6,541 | -
| Social security and other taxes |  | 2,362 | 1,954
| Other creditors |  | 29,627 | 25,451
|  |  | _______ | _______
|  |  | 38,530 | 37,405
|  |  | _______ | _______

9. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans |  | - | 10,833
| Other creditors |  | 63,837 | 78,131
|  |  | _______ | _______
|  |  | 63,837 | 88,964
|  |  | _______ | _______

10. Directors advances, credits and guarantees

| During the year the directors entered into the following advances and credits with the company: |  |  |  |  |  |
2025 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing |  |
|  | £ | £ | £ | £ |  |
| Mr R Buist | ( 2,151) | 2,131 | - | ( 20) |  |
|  | _______ | _______ | _______ | _______ |  |
2024 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing |  |
|  | £ | £ | £ | £ |  |
| Mr R Buist | ( 23) | 25,572 | ( 27,700) | ( 2,151) |  |
|  | _______ | _______ | _______ | _______ |  |

11. Related party transactions
During the year the company entered into the following transactions with related parties:

|  | Transaction value |  | Balance owed by/(owed to) |
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Studrock Industrial Boilers Ltd | 62,000 | 48,000 | 14,400 | 22,800
|  | _______ | _______ | _______ | _______

The company holds a shareholding in Studrock Industrial Boilers Ltd, a company registered in England. During the year SIB Group Ltd charged £24,000 in rent and £38,000 in vehicle hire (2024: £48,000) to Studrock Industrial Boilers Ltd. At the balance sheet date an amount of £14,400 was owed to SIB Group Ltd by Studrock Industrial Boilers Ltd (2024: £22,800).
12. Controlling party
The ultimate controlling party is Mr R Buist , being the majority shareholder and director of the company.