2022-06-01 07624438 2023-05-31 07624438 2022-06-01 2023-05-31 07624438 2022-05-31 07624438 2021-06-01 2022-05-31 07624438 uk-core:WithinOneYear uk-bus:Original 2022-05-31 07624438 uk-core:WithinOneYear uk-bus:Original 2023-05-31 07624438 uk-core:ShareCapital uk-bus:Original 2023-05-31 07624438 uk-core:ShareCapital uk-bus:Original 2022-05-31 07624438 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-05-31 07624438 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-05-31 07624438 uk-bus:Director1 uk-bus:Original 2022-06-01 2023-05-31 07624438 uk-core:CommercialMotorVehicles uk-bus:Original 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure 07624438 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-06-01 2023-05-31 07624438 uk-bus:FRS102 uk-bus:Original 2022-06-01 2023-05-31 07624438 uk-bus:FilletedAccounts uk-bus:Original 2022-06-01 2023-05-31 07624438 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-06-01 2023-05-31
Silva & Silva Limited
Registered Number:07624438
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2023
Silva & Silva Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
07624438
As at 31 May 2023
Silva & Silva Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
205
270
2
205
270
Current assets
994
Cash and cash equivalents
1,245
1,245
994
Trade and other payables: amounts falling due within
one year
(1,968)
(2,301)
3
(974)
(1,056)
Net current liabilities
Total assets less current liabilities
(851)
(704)
(39)
(51)
Provisions for liabilities
(890)
Net liabilities
(755)
Capital and reserves
Called up share capital
1
1
Retained earnings
(891)
(756)
(890)
(755)
Shareholders' funds
For the year ended 31 May 2023 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07624438
For the year ended 31 May 2023
Silva & Silva Limited
Statement of Financial Position Continued
Mr Ilidio Ferreira De Silva Director
These financial statements were approved and authorised for issue by the Board on 05 October 2023 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 May 2023
Silva & Silva Limited
Notes to the Financial Statements
Statutory Information
Silva & Silva Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07624438.
Registered address:
2 Wagtail Way
Thetford
Norfolk
IP24 3HR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 May 2023
Silva & Silva Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Motor
vehicles
£
Cost or
valuation
At 01 June 2022
6,350
At 31 May 2023
6,350
Provision for depreciation and impairment
At 01 June 2022
6,080
Charge for year
65
At 31 May 2023
6,145
At 31 May 2023
Net book value
205
At 31 May 2022
270
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
1
1
Taxation and social security
1,923
834
Other creditors
377
1,133
2,301
1,968
4. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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