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REGISTERED NUMBER: 09719458 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

SILVERLINE CONSTRUCTION LIMITED

SILVERLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09719458)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

SILVERLINE CONSTRUCTION LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2023

| DIRECTOR: | J Phillips

| REGISTERED OFFICE: | 103 Newland Road

| Worthing

| West Sussex

| BN11 1LB

| REGISTERED NUMBER: | 09719458 (England and Wales)

| ACCOUNTANTS: | Galloways Accounting (Hove) Limited

| The Old Casino

| 28 Fourth Avenue

| Hove

| East Sussex

| BN3 2PJ

SILVERLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09719458)

BALANCE SHEET

31 JULY 2023

| 2023 | 2022 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 15,614 |  | 23,401 |  |

CURRENT ASSETS

Stocks | 5 | 19,475 |  | 19,475 |  |

Debtors | 6 | - |  | 562 |  |

Cash at bank | 97,749 |  | 25,946 |  |

117,224 |  | 45,983 |  |

CREDITORS

Amounts falling due within one year | 7 | 93,021 |  | 56,591 |  |

NET CURRENT ASSETS/(LIABILITIES) | 24,203 |  | (10,608 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 39,817 |  | 12,793 |  |

PROVISIONS FOR LIABILITIES | 8 | 3,358 |  | 4,446 |  |

NET ASSETS | 36,459 |  | 8,347 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 36,457 |  | 8,345 |  |

SHAREHOLDERS' FUNDS | 36,459 |  | 8,347 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 4 October 2023 and were signed by:

J Phillips - Director

SILVERLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09719458)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

1. | STATUTORY INFORMATION

| Silverline Construction Limited 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.

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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 25% on reducing balance

| Motor vehicles | - | 25% on cost

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2022 - 1 ) .

SILVERLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09719458)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2023

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 August 2022

| and 31 July 2023 | 28,392 |  | 15,500 |  | 43,892 |  |

| DEPRECIATION

| At 1 August 2022 | 12,741 |  | 7,750 |  | 20,491 |  |

| Charge for year | 3,912 |  | 3,875 |  | 7,787 |  |

| At 31 July 2023 | 16,653 |  | 11,625 |  | 28,278 |  |

| NET BOOK VALUE

| At 31 July 2023 | 11,739 |  | 3,875 |  | 15,614 |  |

| At 31 July 2022 | 15,651 |  | 7,750 |  | 23,401 |  |

5. | STOCKS

2023 | 2022 |

£ | £ |

| Work-in-progress | 19,475 |  | 19,475 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| VAT | - |  | 562 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Trade creditors | 858 |  | - |  |

| Credit Card Control | - |  | 8,668 |  |

| Capital on Tap - Credit Card | 5,900 |  | - |  |

| Tax | 24,417 |  | 2,383 |  |

| Social security and other taxes | 297 |  | 134 |  |

| VAT | 17,425 |  | - |  |

| Directors' current accounts | 42,874 |  | 44,281 |  |

| Accrued expenses | 1,250 |  | 1,125 |  |

93,021 |  | 56,591 |  |

8. | PROVISIONS FOR LIABILITIES

2023 | 2022 |

£ | £ |

| Deferred tax

| Deferred Tax Provision B/Fwd | 4,446 |  | 5,934 |  |

| Deferred Tax Provision in Year | (1,088 | ) | (1,488 | ) |

3,358 |  | 4,446 |  |

SILVERLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09719458)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2023

8. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 August 2022 | 4,446 |  |

| Provided during year | (1,088 | ) |

| Accelerated Capital Allowances |

| Balance at 31 July 2023 | 3,358 |  |

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| During the year, Mr J Phillips decreased his loan to the company. As at 31st July 2023, the company owed him £42,874 (2022: £44,282). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. | ULTIMATE CONTROLLING PARTY

| As there is no majority shareholder the company is controlled by the Board.