1 April 2022 false No description of principal activity Taxfiler 2023.10.1 SC211843business:PrivateLimitedCompanyLtd2022-04-012023-03-31 SC2118432022-03-31 SC2118432022-04-012023-03-31 SC211843business:AuditExemptWithAccountantsReport2022-04-012023-03-31 SC211843business:FilletedAccounts2022-04-012023-03-31 SC2118432023-03-31 SC211843business:Director12022-04-012023-03-31 SC211843business:Director22022-04-012023-03-31 SC211843business:RegisteredOffice2022-04-012023-03-31 SC2118432022-03-31 SC211843core:WithinOneYear2023-03-31 SC211843core:WithinOneYear2022-03-31 SC211843core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC211843core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 SC211843core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC211843core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 SC211843core:PreviouslyStatedAmount2023-03-31 SC211843core:PreviouslyStatedAmount2022-03-31 SC211843business:SmallEntities2022-04-012023-03-31 SC211843countries:Scotland2022-04-012023-03-31 SC2118432021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC211843 (Scotland)
Essential Silk Limited Unaudited accounts for the year ended 31 March 2023
Essential Silk Limited Unaudited accounts Contents
Page
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Essential Silk Limited Company Information for the year ended 31 March 2023
Directors
Mr Brian Gerard Mulreany Mrs Shona Mulreany
Company Number
SC211843 (Scotland)
Registered Office
C/O Calculo Ltd Red Tree Magenta, 270 Glasgow Road Glasgow G73 1SA Scotland
Accountants
Calculo Ltd Red Tree Magenta 270 Glasgow Road Glasgow G73 1SA
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Essential Silk Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
188,653 
188,653 
Current assets
Inventories
500 
500 
Cash at bank and in hand
21 
21 
521 
521 
Creditors: amounts falling due within one year
(188,321)
(188,321)
Net current liabilities
(187,800)
(187,800)
Net assets
853 
853 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
753 
753 
Shareholders' funds
853 
853 
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
Mr Brian Gerard Mulreany Director Company Registration No. SC211843
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Essential Silk Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Essential Silk Limited is a private company, limited by shares, registered in Scotland, registration number SC211843. The registered office is C/O Calculo Ltd, Red Tree Magenta, 270 Glasgow Road, Glasgow, G73 1SA, Scotland.
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.
Investments
Investments in shares are included at fair value.
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.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
188,653 
Valuation at 31 March 2023
188,653 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
100,554 
100,554 
Loans from directors
86,939 
86,939 
Accruals
828 
828 
188,321 
188,321 
6
Controlling party
The company holds 100% of the nominal value of ordinary shares in 'Executive Shaving Limited' incorporated within the UK, the principal activity of Executive Shaving Limited is online retailing of shaving and other beauty products.
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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