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Registration number: 06663125

Silicon Blade Consultants Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 September 2022 to 31 January 2024

 

Silicon Blade Consultants Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Silicon Blade Consultants Limited

Company Information

Directors

Mr I A Menzies-Runciman

Ms S Menzies-Runciman

Company secretary

Ms S Menzies-Runciman

Registered office

Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

 

Silicon Blade Consultants Limited

(Registration number: 06663125)
Balance Sheet as at 31 January 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

5

1,718

4,120

Current assets

 

Debtors

6

24,475

12,912

Cash at bank and in hand

 

-

27,590

 

24,475

40,502

Creditors: Amounts falling due within one year

7

(25,577)

(30,219)

Net current (liabilities)/assets

 

(1,102)

10,283

Net assets

 

616

14,403

Capital and reserves

 

Called up share capital

133

133

Profit and loss account

483

14,270

Total equity

 

616

14,403

For the financial period ending 31 January 2024 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 February 2024 and signed on its behalf by:
 

.........................................
Mr I A Menzies-Runciman
Director

   
     
 

Silicon Blade Consultants Limited

Notes to the Financial Statements for the Period from 1 September 2022 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

The principal place of business is:
Le Bois
393 Route de la Guimenerie
49490 Meigne Le Vicomte
France

These financial statements were authorised for issue by the Board on 22 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Silicon Blade Consultants Limited

Notes to the Financial Statements for the Period from 1 September 2022 to 31 January 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Silicon Blade Consultants Limited

Notes to the Financial Statements for the Period from 1 September 2022 to 31 January 2024

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2022 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2022
£

Depreciation expense

2,402

1,647

 

Silicon Blade Consultants Limited

Notes to the Financial Statements for the Period from 1 September 2022 to 31 January 2024

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 September 2022

12,468

12,468

At 31 January 2024

12,468

12,468

Depreciation

At 1 September 2022

8,348

8,348

Charge for the period

2,402

2,402

At 31 January 2024

10,750

10,750

Carrying amount

At 31 January 2024

1,718

1,718

At 31 August 2022

4,120

4,120

6

Debtors

2024
£

2022
£

Trade debtors

-

12,912

Other debtors

24,475

-

24,475

12,912

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2022
£

Due within one year

 

Taxation and social security

 

-

5,449

Other related parties

 

-

193

Corporation tax liability

 

25,577

24,577

 

25,577

30,219

 

Silicon Blade Consultants Limited

Notes to the Financial Statements for the Period from 1 September 2022 to 31 January 2024

8

Share capital

Allotted, called up and fully paid shares

 

2024

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary A shares of £1 each

33

33

33

33

 

133

133

133

133

9

Related party transactions

Transactions with directors

2024

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Mr I A Menzies-Runciman

Interest free loan repayable on demand

(96)

19,040

(6,761)

12,183

         
       

Ms S Menzies-Runciman

Interest free loan repayable on demand

(96)

19,040

(6,761)

12,183

         
       

 

2022

At 1 September 2021
£

Advances to director
£

At 31 August 2022
£

Mr I A Menzies-Runciman

Interest free loan repayable on demand

4,144

(4,240)

(96)

       
     

Ms S Menzies-Runciman

Interest free loan repayable on demand

4,144

(4,240)

(96)