Registered number
11088237
Silk Route Global Limited
Filleted Accounts
31 March 2023
Silk Route Global Limited
Registered number: 11088237
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Stocks 10,600 10,700
Cash at bank and in hand 297 329
10,897 11,029
Net current assets 10,897 11,029
Total assets less current liabilities 10,897 11,029
Creditors: amounts falling due after more than one year 3 (35,448) (34,909)
Net liabilities (24,551) (23,880)
Capital and reserves
Called up share capital 100 100
Profit and loss account (24,651) (23,980)
Shareholder's funds (24,551) (23,880)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G. Muradova
Director
Approved by the board on 28 November 2023
Silk Route Global Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
No current or deferred tax liability is recognised in the accounts due to the existence of tax losses.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Creditors: amounts falling due after one year 2023 2022
£ £
Trade creditors 540 540
Other creditors 34,908 34,369
35,448 34,909
4 Loans to directors
Description and conditions B/fwd Introduced Withdrawn C/fwd
£ £ £ £
G. Muradova
Amount due to the director at the balance sheet date 34,369 539 - 34,908
34,369 539 - 34,908
5 Controlling party
The company is controlled by the director and sole shareholder Ms G. Muradova.
6 Other information
Silk Route Global Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Accommodation Road
London
NW11 8ED
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