1 December 2020 false No description of principal activity Taxfiler 2022.8.3 05991807business:PrivateLimitedCompanyLtd2020-12-012021-11-30 059918072020-11-30 059918072020-12-012021-11-30 05991807business:AuditExemptWithAccountantsReport2020-12-012021-11-30 05991807business:FullAccounts2020-12-012021-11-30 059918072021-11-30 05991807business:Director12020-12-012021-11-30 05991807business:CompanySecretary12020-12-012021-11-30 05991807business:RegisteredOffice2020-12-012021-11-30 059918072020-11-30 05991807core:WithinOneYear2021-11-30 05991807core:WithinOneYear2020-11-30 05991807core:AfterOneYear2021-11-30 05991807core:AfterOneYear2020-11-30 05991807core:ShareCapital2021-11-30 05991807core:ShareCapital2020-11-30 05991807core:RetainedEarningsAccumulatedLosses2021-11-30 05991807core:RetainedEarningsAccumulatedLosses2020-11-30 05991807business:SmallEntities2020-12-012021-11-30 05991807countries:EnglandWales2020-12-012021-11-30 05991807core:PlantMachinery2020-12-012021-11-30 05991807core:FurnitureFittings2020-12-012021-11-30 05991807core:ComputerEquipment2020-12-012021-11-30 05991807core:PlantMachinery2020-11-30 05991807core:FurnitureFittings2020-11-30 05991807core:ComputerEquipment2020-11-30 05991807core:PlantMachinery2021-11-30 05991807core:FurnitureFittings2021-11-30 05991807core:ComputerEquipment2021-11-30 059918072019-12-012020-11-30 iso4217:GBP xbrli:pure
Company Registration No. 05991807 (England and Wales)
Silver 6 Ltd Unaudited accounts for the year ended 30 November 2021
Silver 6 Ltd Unaudited accounts Contents
Page
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Silver 6 Ltd Company Information for the year ended 30 November 2021
Director
Mr A Yaqoob
Secretary
Mr M Yaqoob
Company Number
05991807 (England and Wales)
Registered Office
27 Victoria Avenue Wembley Middlesex HA9 6QF
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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Silver 6 Ltd Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,405 
965 
Current assets
Inventories
265,914 
206,197 
Debtors
374,405 
194,279 
Cash at bank and in hand
74,218 
16,536 
714,537 
417,012 
Creditors: amounts falling due within one year
(505,481)
(278,585)
Net current assets
209,056 
138,427 
Total assets less current liabilities
210,461 
139,392 
Creditors: amounts falling due after more than one year
(105,060)
(50,000)
Net assets
105,401 
89,392 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
105,400 
89,391 
Shareholders' funds
105,401 
89,392 
For the year ending 30 November 2021 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 September 2022 and were signed on its behalf by
Mr A Yaqoob Director Company Registration No. 05991807
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Silver 6 Ltd Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
Silver 6 Ltd is a private company, limited by shares, registered in England and Wales, registration number 05991807. The registered office is 27 Victoria Avenue, Wembley, Middlesex, HA9 6QF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% as per reducing balance method
Fixtures & fittings
25% as per straight line method
Computer equipment
33.33% as per straight line method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Silver 6 Ltd Notes to the Accounts for the year ended 30 November 2021
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2020
2,810 
5,720 
965 
9,495 
Additions
775 
- 
- 
775 
At 30 November 2021
3,585 
5,720 
965 
10,270 
Depreciation
At 1 December 2020
2,810 
5,720 
- 
8,530 
Charge for the year
13 
- 
322 
335 
At 30 November 2021
2,823 
5,720 
322 
8,865 
Net book value
At 30 November 2021
762 
- 
643 
1,405 
At 30 November 2020
- 
- 
965 
965 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
374,405 
194,279 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
64,190 
21,508 
Trade creditors
313,450 
117,238 
Taxes and social security
3,808 
7,136 
Other creditors
31,000 
31,000 
Loans from directors
91,013 
97,783 
Accruals
2,020 
3,920 
505,481 
278,585 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
105,060 
50,000 
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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