SILVERSANDS LIMITED

Company Registration Number:
02141393 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

SILVERSANDS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

SILVERSANDS LIMITED

Balance sheet

As at 30 November 2021


Notes

2021

2020


£

£
Fixed assets
Tangible assets: 3 448,600 392,291
Total fixed assets: 448,600 392,291
Current assets
Debtors: 4 956,962 1,222,564
Cash at bank and in hand: 6,078,831 6,359,741
Total current assets: 7,035,793 7,582,305
Creditors: amounts falling due within one year: 5 (5,319,882) (5,327,880)
Net current assets (liabilities): 1,715,911 2,254,425
Total assets less current liabilities: 2,164,511 2,646,716
Creditors: amounts falling due after more than one year: 6 (11,803)
Total net assets (liabilities): 2,152,708 2,646,716
Capital and reserves
Called up share capital: 50,000 50,000
Other reserves: 20,230
Profit and loss account: 2,082,478 2,596,716
Shareholders funds: 2,152,708 2,646,716

The notes form part of these financial statements

SILVERSANDS LIMITED

Balance sheet statements

For the year ending 30 November 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 August 2022
and signed on behalf of the board by:

Name: S Jones
Status: Director

The notes form part of these financial statements

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 41 49

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Tangible Assets

Total
Cost £
At 01 December 2020 1,900,043
Additions 129,352
Disposals (127,271)
At 30 November 2021 1,902,124
Depreciation
At 01 December 2020 1,507,752
Charge for year 73,043
On disposals (127,271)
At 30 November 2021 1,453,524
Net book value
At 30 November 2021 448,600
At 30 November 2020 392,291

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Creditors: amounts falling due within one year note

Hire purchase £10,117 (2020: £0)Trade creditors £53,151 (2020: £26,114)Corporation tax £0 (2020: £88,716)Other taxes and social security £83,762 (2020: £230,172)VAT £192,248 (2020: £400,263)Other creditors £32,776 (2020: £46,458)Accruals and deferred income £4,784,894 (2020: £4,494,143)Directors' loan accounts £162,934 (2020: £42,014)Total £5,319,882 (2020: £5,327,880)

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

6. Creditors: amounts falling due after more than one year note

Hire purchase £11,803 (2020: £0)

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

7. Financial commitments

The total of future minimum lease payments under non-cancellable operating leases are as follows:Land and buildings (leases expiring in 1-5 years) £70,000 (2020: £55,000)Other (leases expiring in 1-5 years) £10,093 (2020: £13,510)

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

8. Loans to directors

The company paid rent of £80,000 (2020: £55,000) to a pension scheme for the benefit of Mr A Z Tosunlar. At the period end the amount owed by Silversands Limited to the director's pension scheme was £18,394 (2020: £27,644).