0 0 0 false false false false true false false false false false false false false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,745 xbrli:pure xbrli:shares iso4217:GBP SC620315 2022-03-01 2023-02-28 SC620315 2023-02-28 SC620315 2022-02-28 SC620315 2021-03-01 2022-02-28 SC620315 2022-02-28 SC620315 2021-02-28 SC620315 bus:RegisteredOffice 2022-03-01 2023-02-28 SC620315 bus:Director1 2022-03-01 2023-02-28 SC620315 bus:Director2 2022-03-01 2023-02-28 SC620315 core:WithinOneYear 2023-02-28 SC620315 core:WithinOneYear 2022-02-28 SC620315 core:ShareCapital 2023-02-28 SC620315 core:ShareCapital 2022-02-28 SC620315 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC620315 core:RetainedEarningsAccumulatedLosses 2022-02-28 SC620315 bus:SmallEntities 2022-03-01 2023-02-28 SC620315 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 SC620315 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 SC620315 bus:FullAccounts 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: SC620315
SILVERBIRCH HOMES BY SMH LTD.
Unaudited Financial Statements
28 February 2023
SILVERBIRCH HOMES BY SMH LTD.
Strategic Report
Year ended 28 February 2023
This report was approved by the board of directors on 24 November 2023 and signed on behalf of the board by:
Mr. C. SMITH
Director
Registered office:
UNIT 3 LEITHEN WORKSHOPS
INNERLEITHEN
EH44 6HY
SILVERBIRCH HOMES BY SMH LTD.
Directors' Report
Year ended 28 February 2023
The directors present their report and the unaudited financial statements of the company for the year ended 28 February 2023 .
Directors
The directors who served the company during the year were as follows:
Mr. C. SMITH
Mr. C McMATH
Dividends
The directors do not recommend the payment of a dividend.
This report was approved by the board of directors on 24 November 2023 and signed on behalf of the board by:
Mr. C. SMITH
Director
Registered office:
UNIT 3 LEITHEN WORKSHOPS
INNERLEITHEN
EH44 6HY
SILVERBIRCH HOMES BY SMH LTD.
Statement of Income and Retained Earnings
Year ended 28 February 2023
2023
2022
Note
£
£
Administrative expenses
1,745
----
-------
Operating loss
( 1,745)
----
-------
Loss before taxation
( 1,745)
Tax on loss
----
-------
Loss for the financial year and total comprehensive income
( 1,745)
----
-------
All the activities of the company are from continuing operations.
SILVERBIRCH HOMES BY SMH LTD.
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Current assets
Cash at bank and in hand
290,148
290,148
Creditors: amounts falling due within one year
4
206,371
206,370
---------
---------
Net current assets
83,777
83,778
--------
--------
Total assets less current liabilities
83,777
83,778
--------
--------
Net assets
83,777
83,778
--------
--------
Capital and reserves
Called up share capital
5
2
3
Profit and loss account
83,775
83,775
--------
--------
Shareholders funds
83,777
83,778
--------
--------
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of directors and authorised for issue on 24 November 2023 , and are signed on behalf of the board by:
Mr. C. SMITH
Director
Company registration number: SC620315
SILVERBIRCH HOMES BY SMH LTD.
Statement of Cash Flows
Year ended 28 February 2023
2023
2022
£
£
Cash flows from operating activities
Loss for the financial year
( 1,745)
Adjustments for:
Accrued income
( 35)
Changes in:
Trade and other creditors
198
----
-------
Cash generated from operations
( 1,582)
----
-------
Net cash used in operating activities
( 1,582)
----
-------
Cash flows from financing activities
Proceeds from borrowings
1
62,925
----
--------
Net cash from financing activities
1
62,925
----
--------
Net increase in cash and cash equivalents
1
61,343
Cash and cash equivalents at beginning of year
290,148
212,305
---------
---------
Cash and cash equivalents at end of year
290,149
273,648
---------
---------
SILVERBIRCH HOMES BY SMH LTD.
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is UNIT 3 LEITHEN WORKSHOPS, INNERLEITHEN, EH44 6HY.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
22,595
22,595
Accruals and deferred income
150
150
Director loan accounts
183,626
183,625
---------
---------
206,371
206,370
---------
---------
5. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
6. Analysis of changes in net debt
At 1 Mar 2022
Cash flows
At 28 Feb 2023
£
£
£
Cash at bank and in hand
290,148
290,148
Debt due within one year
(183,625)
(1)
(183,626)
---------
----
---------
106,523
( 1)
106,522
---------
----
---------