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REGISTERED NUMBER: 06793931 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Silverback Sport Ltd

Silverback Sport Ltd (Registered number: 06793931)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Silverback Sport Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: A Westall
N Warren





REGISTERED OFFICE: Unit 62 Shrivenham Hundred Business Park
Majors Road
Watchfield
Swindon
Wiltshire
SN6 8TY





REGISTERED NUMBER: 06793931 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Silverback Sport Ltd (Registered number: 06793931)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 250 250
Tangible assets 5 1,017 1,454
1,267 1,704

CURRENT ASSETS
Stocks 6 3,000 3,000
Debtors 7 18,496 26,464
Cash at bank 45,709 87,680
67,205 117,144
CREDITORS
Amounts falling due within one year 8 67,207 101,064
NET CURRENT (LIABILITIES)/ASSETS (2 ) 16,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,265

17,784

PROVISIONS FOR LIABILITIES 193 276
NET ASSETS 1,072 17,508

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 972 17,408
SHAREHOLDERS' FUNDS 1,072 17,508

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Silverback Sport Ltd (Registered number: 06793931)

Balance Sheet - continued
31 January 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:




A Westall - Director



N Warren - Director


Silverback Sport Ltd (Registered number: 06793931)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Silverback Sport 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.

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
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Silverback Sport Ltd (Registered number: 06793931)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2022
and 31 January 2023 1,450
AMORTISATION
At 1 February 2022
and 31 January 2023 1,200
NET BOOK VALUE
At 31 January 2023 250
At 31 January 2022 250

Silverback Sport Ltd (Registered number: 06793931)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 126 2,402 2,528
DEPRECIATION
At 1 February 2022 123 951 1,074
Charge for year - 437 437
At 31 January 2023 123 1,388 1,511
NET BOOK VALUE
At 31 January 2023 3 1,014 1,017
At 31 January 2022 3 1,451 1,454

6. STOCKS
2023 2022
£    £   
Stocks 3,000 3,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,496 26,464

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3 3
Trade creditors 30,307 61,620
Taxation and social security 16,029 15,019
Other creditors 20,868 24,422
67,207 101,064