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REGISTERED NUMBER: 06454344 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st December 2021

for

SILVAFLAME-CLEERVUE CO. LTD

SILVAFLAME-CLEERVUE CO. LTD (REGISTERED NUMBER: 06454344)

Contents of the Financial Statements
for the year ended 31st December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SILVAFLAME-CLEERVUE CO. LTD

Company Information
for the year ended 31st December 2021







DIRECTORS: Mrs J Edwards
J Snaith





REGISTERED OFFICE: 22 Park Street
Bridgtown
Cannock
Staffordshire
WS11 0BX





REGISTERED NUMBER: 06454344 (England and Wales)





ACCOUNTANTS: DJH Mitten Clarke
(The practising name of
Baker (Midlands) Limited)
3rd Floor
International House
Hatherton Street
Walsall
WS4 2LA

SILVAFLAME-CLEERVUE CO. LTD (REGISTERED NUMBER: 06454344)

Balance Sheet
31st December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 58,383 66,549
58,383 66,549

CURRENT ASSETS
Stocks 79,552 68,579
Debtors 6 123,925 95,242
Cash at bank and in hand 114,019 120,424
317,496 284,245
CREDITORS
Amounts falling due within one year 7 77,743 55,502
NET CURRENT ASSETS 239,753 228,743
TOTAL ASSETS LESS CURRENT LIABILITIES 298,136 295,292

CREDITORS
Amounts falling due after more than one
year

8

(42,209

)

(46,610

)

PROVISIONS FOR LIABILITIES (10,200 ) (8,840 )
NET ASSETS 245,727 239,842

CAPITAL AND RESERVES
Called up share capital 98 98
Capital redemption reserve 34 34
Retained earnings 245,595 239,710
SHAREHOLDERS' FUNDS 245,727 239,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SILVAFLAME-CLEERVUE CO. LTD (REGISTERED NUMBER: 06454344)

Balance Sheet - continued
31st December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th April 2022 and were signed on its behalf by:




Mrs J Edwards - Director



J Snaith - Director


SILVAFLAME-CLEERVUE CO. LTD (REGISTERED NUMBER: 06454344)

Notes to the Financial Statements
for the year ended 31st December 2021


1. STATUTORY INFORMATION

Silvaflame-Cleervue Co. Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the balance sheet date and the amounts reported for revenues and expenses during the year. However the nature of estimation means that actual outcomes could differ from those estimates.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policy adopted for the recognition of turnover is as follows:

Sale of Goods

Turnover from the sale of goods, rental of equipment and the provision of management services is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover 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 . This is usually on the dispatch of goods and completion of the management services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.
Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - at varying rates on cost
Fixtures anf fittings - at varying rates of cost
Motor vehicles - at varying rates of cost
Computer equipment - at varying rates of cost


The directors perform annual impairment reviews to ensure that the recoverable amount is higher than the carrying value.includes costs directly attributable to making the asset capable of operating as intended.

SILVAFLAME-CLEERVUE CO. LTD (REGISTERED NUMBER: 06454344)

Notes to the Financial Statements - continued
for the year ended 31st December 2021


2. ACCOUNTING POLICIES - continued

Government grants
The company received Coronavirus Job Retention Scheme government grants during the year ended 31st December 2021.The grant is recognised at fair value when there is reasonable assurance that the company will comply with conditions attaching to them and the grant will be received using the performance model.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stocks to its present location and condition.Cost is calculated using the first-in,first-out formula.Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

SILVAFLAME-CLEERVUE CO. LTD (REGISTERED NUMBER: 06454344)

Notes to the Financial Statements - continued
for the year ended 31st December 2021


2. ACCOUNTING POLICIES - continued

Employee benefits
The company provides a range of benefits to employees, including annual bonus arrangements and defined contribution pension plans.

i. Short term benefits

Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

ii. Defined contribution pension plans

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Operating leases
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Cash and cash equivalents
Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with an insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 11 ) .

SILVAFLAME-CLEERVUE CO. LTD (REGISTERED NUMBER: 06454344)

Notes to the Financial Statements - continued
for the year ended 31st December 2021


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2021
and 31st December 2021 2,000
AMORTISATION
At 1st January 2021
and 31st December 2021 2,000
NET BOOK VALUE
At 31st December 2021 -
At 31st December 2020 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2021 32,441 1,550 95,210 4,646 133,847
Additions 3,745 - 25,555 635 29,935
Disposals - - (69,690 ) - (69,690 )
At 31st December 2021 36,186 1,550 51,075 5,281 94,092
DEPRECIATION
At 1st January 2021 13,846 1,422 47,491 4,539 67,298
Charge for year 4,845 127 10,900 342 16,214
Eliminated on disposal - - (47,803 ) - (47,803 )
At 31st December 2021 18,691 1,549 10,588 4,881 35,709
NET BOOK VALUE
At 31st December 2021 17,495 1 40,487 400 58,383
At 31st December 2020 18,595 128 47,719 107 66,549

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 105,324 79,773
Other debtors 18,601 15,469
123,925 95,242

Included in Other debtors are Prepayments of £3,050. (2020: £4,400).

SILVAFLAME-CLEERVUE CO. LTD (REGISTERED NUMBER: 06454344)

Notes to the Financial Statements - continued
for the year ended 31st December 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 51,057 40,820
Taxation and social security 15,894 6,473
Other creditors 10,792 8,209
77,743 55,502

Included in Other creditors are Accruals of £5,788. (2020: £4,819).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Other creditors 42,209 46,610

9. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due within one year or on demand:
Other loans 5,004 3,390

Amounts falling due between one and two years:
Other loans - 1-2 years 42,209 46,610

Included in Other Creditors less than 12 months and greater than 12 months, is the Government Bounce Back Loan of £50,000 which is repayable over 60 monthly payments of £833.33 commencing December 2021 at a rate of 2.50% per annumI

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2021 and 31st December 2020:

2021 2020
£    £   
Mrs J Edwards
Balance outstanding at start of year - -
Amounts advanced 15,000 -
Amounts repaid (4,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,500 -

SILVAFLAME-CLEERVUE CO. LTD (REGISTERED NUMBER: 06454344)

Notes to the Financial Statements - continued
for the year ended 31st December 2021


11. FINANCIAL COMMITMENTS

Total financial commitments under non-cancellable operating leases which are not included in the balance sheet amount to £21,441 (2020 : £52,000).