Company Registration No. 13348276 (England and Wales)
SIP Circle LTD
Unaudited accounts
for the year ended 31 July 2025
SIP Circle LTD
Unaudited accounts
Contents
SIP Circle LTD
Company Information
for the year ended 31 July 2025
Director
Ms Roberta HERRIDGE
Company Number
13348276 (England and Wales)
Registered Office
63 Silver Street
Salisbury
Wiltshire
SP1 2NG
England
SIP Circle LTD
Statement of financial position
as at 31 July 2025
Intangible assets
12,000
18,000
Tangible assets
96,470
126,694
Cash at bank and in hand
465
1,222
Creditors: amounts falling due within one year
(174,872)
(191,978)
Net current liabilities
(134,837)
(144,475)
Net (liabilities)/assets
(26,367)
219
Called up share capital
2
2
Profit and loss account
(26,369)
217
Shareholders' funds
(26,367)
219
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2026 and were signed on its behalf by
Ms Roberta HERRIDGE
Director
Company Registration No. 13348276
SIP Circle LTD
Notes to the Accounts
for the year ended 31 July 2025
SIP Circle LTD is a private company, limited by shares, registered in England and Wales, registration number 13348276. The registered office is 63 Silver Street, Salisbury, Wiltshire, SP1 2NG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
SIP Circle LTD
Notes to the Accounts
for the year ended 31 July 2025
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
24,183
163,781
11,069
199,033
Additions
300
496
1,544
2,340
At 31 July 2025
24,483
164,277
12,613
201,373
At 1 August 2024
11,172
56,094
5,073
72,339
Charge for the year
4,837
24,642
3,085
32,564
At 31 July 2025
16,009
80,736
8,158
104,903
At 31 July 2025
8,474
83,541
4,455
96,470
At 31 July 2024
13,011
107,687
5,996
126,694
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
27,083
27,083
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
118,695
78,822
Trade creditors
25,826
32,247
Taxes and social security
6,082
1,679
Other creditors
1,328
3,208
Loans from directors
22,941
76,022
8
Average number of employees
During the year the average number of employees was 6 (2024: 6).