Accounts filed on 31-10-2021

Accounts filed on 31-10-2021

SIP CONSULTANCY LIMITED - Company Information

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Registered number: 4159209
SIP Consultancy Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/10/2021
Prepared By:
Professional Renaissance Ltd
Certified Public Accountants
7 Bell Yard
London
WC2A 2JR
SIP Consultancy Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/10/2021
DIRECTORS
Mr J Hamer
SECRETARY
Mrs S Hamer
REGISTERED OFFICE
The Business Store
98-100 High Road
Rayleigh
Essex
SS6 7AE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 4159209
ACCOUNTANTS
Professional Renaissance Ltd
Certified Public Accountants
7 Bell Yard
London
WC2A 2JR
SIP Consultancy Ltd
ACCOUNTS
FOR THEYEARENDED31/10/2021
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
SIP Consultancy Ltd
BALANCE SHEET AT 31/10/2021
20212020
Notes££
FIXED ASSETS
Tangible assets347,78257,184
CURRENT ASSETS
Debtors4233,874315,767
Cash at bank and in hand342,831191,627
576,705507,394
CREDITORS: Amounts falling due within one year595,509132,993
NET CURRENT ASSETS481,196374,401
TOTAL ASSETS LESS CURRENT LIABILITIES528,978431,585
CREDITORS: Amounts falling due after more than one year6190,00040,000
NET ASSETS338,978391,585
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account338,976391,583
SHAREHOLDERS' FUNDS338,978391,585
For the year ending 31/10/2021 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/07/2022 and signed on their behalf by
.............................
Mr J Hamer
Director
SIP Consultancy Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
2. EMPLOYEES
20212020
No.No.
Average number of employees23
3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentMotor CarsTotal
££££££
Cost
At 01/11/2020102,91044,6354,9751,85511,224165,599
At 31/10/2021102,91044,6354,9751,85511,224165,599
Depreciation
At 01/11/202053,97539,7754,6268129,227108,415
For the year7,3401,215872614999,402
At 31/10/202161,31540,9904,7131,0739,726117,817
Net Book Amounts
At 31/10/202141,5953,6452627821,49847,782
At 31/10/202048,9354,8603491,0431,99757,184
SIP Consultancy Ltd
4. DEBTORS 20212020
££
Amounts falling due within one year
Trade debtors97,928201,821
PAYE control94,72887,728
Other debtors15,000-
Prepayments22,46822,468
230,124312,017
Amounts falling due over more than one year
Long term debtor3,7503,750
3,7503,750
233,874315,767
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20212020
££
UK corporation tax11,24713,729
VAT-28,730
Directors current account2,29937,527
Bank Loan10,00010,000
Trade creditors71,96338,376
Accruals-4,631
95,509132,993
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20212020
££
Bank loans (unsecured) >1yr190,00040,000
190,00040,000
SIP Consultancy Ltd
7. SHARE CAPITAL 20212020
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
8. CONTROLLING PARTY
The company was controlled during the year by Mr and Mrs Hamer by virtue of their equal 50% holding of the company issued ordinary share capital.