Silverfin false 31/03/2022 31/03/2022 01/01/2021 Colin Harold Roy Morris 08 August 2022 The principal activity of the Company during the financial period was that of an investment holding company. 00562421 2022-03-31 00562421 2020-12-31 00562421 core:CurrentFinancialInstruments 2022-03-31 00562421 core:CurrentFinancialInstruments 2020-12-31 00562421 core:ShareCapital 2022-03-31 00562421 core:ShareCapital 2020-12-31 00562421 core:RetainedEarningsAccumulatedLosses 2022-03-31 00562421 core:RetainedEarningsAccumulatedLosses 2020-12-31 00562421 2021-01-01 2022-03-31 00562421 bus:FullAccounts 2021-01-01 2022-03-31 00562421 bus:SmallEntities 2021-01-01 2022-03-31 00562421 bus:AuditExemptWithAccountantsReport 2021-01-01 2022-03-31 00562421 bus:PrivateLimitedCompanyLtd 2021-01-01 2022-03-31 00562421 bus:Director1 2021-01-01 2022-03-31 00562421 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure

Company No: 00562421 (England and Wales)

W.E.SALWAY LIMITED

Unaudited Financial Statements
For the financial period from 01 January 2021 to 31 March 2022
Pages for filing with the registrar

W.E.SALWAY LIMITED

Unaudited Financial Statements

For the financial period from 01 January 2021 to 31 March 2022

Contents

W.E.SALWAY LIMITED

COMPANY INFORMATION

For the financial period from 01 January 2021 to 31 March 2022
W.E.SALWAY LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 January 2021 to 31 March 2022
DIRECTOR Colin Harold Roy Morris
SECRETARY Monika Morris
REGISTERED OFFICE 3 Filers Way
Weston Gateway Business Park
Weston-Super-Mare
BS24 7JP
United Kingdom
COMPANY NUMBER 00562421 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
3 Filers Way
Weston Gateway Business Park
Weston-super-Mare
Somerset
BS24 7JP
W.E.SALWAY LIMITED

BALANCE SHEET

As at 31 March 2022
W.E.SALWAY LIMITED

BALANCE SHEET (continued)

As at 31 March 2022
Note 31.03.2022 31.12.2020
£ £
Fixed assets
Investment property 3 0 210,000
0 210,000
Current assets
Cash at bank and in hand 4 241,932 77,581
241,932 77,581
Creditors
Amounts falling due within one year 5 ( 105,921) ( 102,785)
Net current assets/(liabilities) 136,011 (25,204)
Total assets less current liabilities 136,011 184,796
Net assets 136,011 184,796
Capital and reserves
Called-up share capital 3,000 3,000
Profit and loss account 133,011 181,796
Total shareholder's funds 136,011 184,796

For the financial period ending 31 March 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of W.E.Salway Limited (registered number: 00562421) were approved and authorised for issue by the Director on 08 August 2022. They were signed on its behalf by:

Colin Harold Roy Morris
Director
W.E.SALWAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2021 to 31 March 2022
W.E.SALWAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2021 to 31 March 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

W.E.Salway Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Filers Way, Weston Gateway Business Park, Weston-Super-Mare, BS24 7JP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Reporting period length

Reporting period length

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are measured at transaction price.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
01.01.2021 to
31.03.2022
Year ended
31.12.2020
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 January 2021 210,000
Disposals (210,000)
As at 31 March 2022 0

4. Cash and cash equivalents

31.03.2022 31.12.2020
£ £
Cash at bank and in hand 241,932 77,581

5. Creditors: amounts falling due within one year

31.03.2022 31.12.2020
£ £
Other creditors 105,921 102,785

6. Ultimate controlling party

Parent Company:

G.W. Hurley & Sons Limited
3 Filers Way
Weston Gateway Business Park
Weston-super-Mare
BS24 7JP