Company Registration No. SC211843 (Scotland)
Essential Silk Limited
Unaudited accounts
for the year ended 31 March 2023
Essential Silk Limited
Unaudited accounts
Contents
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
Essential Silk Limited
Statement of financial position
as at 31 March 2023
Investments
188,653
188,653
Cash at bank and in hand
21
21
Creditors: amounts falling due within one year
(188,321)
(188,321)
Net current liabilities
(187,800)
(187,800)
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
Essential Silk Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investments in shares are included at fair value.
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
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).