The Sipapu Company Ltd FILLETED ACCOUNTS COVER
|
|
|||||||||
Company No. 10995679
|
|||||||||
|
|||||||||
|
|||||||||
The Sipapu Company Ltd BALANCE SHEET REGISTRAR
|
at
|
|
|||||||||
Company No.
|
|
Notes
|
2019
|
2018
|
||||||
£
|
£
|
|||||||||
Fixed assets
|
||||||||||
Tangible assets
|
2
|
|
|
|||||||
|
|
|||||||||
Current assets
|
||||||||||
Debtors
|
3
|
|
|
|||||||
Cash at bank and in hand
|
|
|
||||||||
|
|
|||||||||
Creditors: Amount falling due within one year
|
4
|
(
|
(
|
|||||||
Net current assets
|
|
|
||||||||
Total assets less current liabilities
|
|
|
||||||||
Creditors: Amounts falling due after more than one year
|
5
|
(
|
(
|
|||||||
Net liabilities
|
(
|
(
|
||||||||
Capital and reserves
|
||||||||||
Called up share capital
|
|
|
||||||||
Profit and loss account
|
6
|
(
|
(
|
|||||||
Total equity
|
(
|
(
|
||||||||
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
|
||||||||||
Approved by the board on 18 December 2019
|
||||||||||
And signed on its behalf by:
|
||||||||||
N.L.C. Cummins
|
||||||||||
Director
|
||||||||||
The Sipapu Company Ltd NOTES TO THE ACCOUNTS REGISTRAR
|
for the year ended 31 March 2019
|
||||||||||||||
1
|
Accounting policies
|
|||||||||||||
Basis of preparation
|
||||||||||||||
|
||||||||||||||
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.
|
||||||||||||||
|
||||||||||||||
Turnover
|
||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
||||||||||||||
Taxation
|
||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
||||||||||||||
Current tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
|
||||||||||||||
Trade and other debtors
|
||||||||||||||
|
||||||||||||||
Trade and other creditors
|
||||||||||||||
|
||||||||||||||
Foreign currencies
|
||||||||||||||
|
||||||||||||||
2
|
Tangible fixed assets
|
|||||||||||||
Land and buildings
|
Total
|
|||||||||||||
£
|
£
|
|||||||||||||
Cost or revaluation
|
||||||||||||||
At 1 April 2018
|
|
|
||||||||||||
At 31 March 2019
|
|
|
||||||||||||
Net book values
|
||||||||||||||
At 31 March 2019
|
|
|
||||||||||||
At 31 March 2018
|
|
|
||||||||||||
3
|
Debtors
|
|||||||||||||
2019
|
2018
|
|||||||||||||
£
|
£
|
|||||||||||||
VAT recoverable
|
|
|
||||||||||||
Loans to directors
|
|
|
||||||||||||
Other debtors
|
|
|
||||||||||||
|
|
|||||||||||||
4
|
Creditors:
|
|||||||||||||
amounts falling due within one year
|
||||||||||||||
2019
|
2018
|
|||||||||||||
£
|
£
|
|||||||||||||
Bank loans and overdrafts
|
(
|
|
||||||||||||
Accruals and deferred income
|
|
|
||||||||||||
|
|
|||||||||||||
5
|
Creditors:
|
|||||||||||||
amounts falling due after more than one year
|
||||||||||||||
2019
|
2018
|
|||||||||||||
£
|
£
|
|||||||||||||
Other creditors
|
|
|
||||||||||||
|
|
|||||||||||||
6
|
Reserves
|
|||||||||||||
|
||||||||||||||
7
|
Advances and credits to directors
|
|||||||||||||
Included within Other debtors are the following loans to directors:
|
||||||||||||||
Director
|
Description
|
At 1 April 2018
|
Advanced
|
Repaid
|
At 31 March 2019
|
|||||||||
£
|
£
|
£
|
£
|
|||||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|||||||||||
8
|
Additional information
|
|||||||||||||
|
||||||||||||||
Its registered number is:
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||