IRIS Accounts Production v23.3.1.45 04204791 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false false true false 121693 125000 2184 3307 119509 121693 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042047912022-09-30042047912023-09-30042047912022-10-012023-09-30042047912021-09-30042047912021-10-012022-09-30042047912022-09-3004204791ns10:Originalns15:EnglandWales2022-10-012023-09-3004204791ns14:PoundSterlingns10:Original2022-10-012023-09-3004204791ns10:Originalns10:Director12022-10-012023-09-3004204791ns10:Original2022-10-012023-09-3004204791ns10:Originalns10:Director22022-10-012023-09-3004204791ns10:Original2023-09-3004204791ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3004204791ns10:Originalns10:SmallEntities2022-10-012023-09-3004204791ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3004204791ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3004204791ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3004204791ns10:Originalns10:FullAccounts2022-10-012023-09-3004204791ns10:Original12022-10-012023-09-3004204791ns10:Original42ns10:Director22022-09-3004204791ns10:Original42ns10:Director22021-09-3004204791ns10:Original42ns10:Director22022-10-012023-09-3004204791ns10:Original42ns10:Director22021-10-012022-09-3004204791ns10:Original42ns10:Director22023-09-3004204791ns10:Original42ns10:Director22022-09-3004204791ns10:Originalns10:RegisteredOffice2022-10-012023-09-3004204791ns10:Original2022-09-3004204791ns10:Originalns5:CurrentFinancialInstruments2023-09-3004204791ns10:Originalns5:CurrentFinancialInstruments2022-09-3004204791ns5:ShareCapitalns10:Original2023-09-3004204791ns5:ShareCapitalns10:Original2022-09-3004204791ns10:Originalns5:SharePremium2023-09-3004204791ns10:Originalns5:SharePremium2022-09-3004204791ns10:Originalns5:RevaluationReserve2023-09-3004204791ns10:Originalns5:RevaluationReserve2022-09-3004204791ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3004204791ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3004204791ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-10-012023-09-3004204791ns10:Original2021-10-012022-09-3004204791ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-09-3004204791ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-09-3004204791ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-09-3004204791ns10:Originalns5:PlantMachinery2022-09-3004204791ns10:Originalns5:PlantMachinery2022-10-012023-09-3004204791ns10:Originalns5:PlantMachinery2023-09-3004204791ns10:Originalns5:PlantMachinery2022-09-3004204791ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3004204791ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3004204791ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-09-3004204791ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-09-3004204791ns10:Originalns5:RevaluationReserve2022-09-3004204791ns10:Original1ns10:Director12022-09-3004204791ns10:Original1ns10:Director12021-09-3004204791ns10:Original1ns10:Director12022-10-012023-09-3004204791ns10:Original1ns10:Director12021-10-012022-09-3004204791ns10:Original1ns10:Director12023-09-3004204791ns10:Original1ns10:Director12022-09-30
REGISTERED NUMBER: 04204791 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Silkmoth Limited

Silkmoth Limited (Registered number: 04204791)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Silkmoth Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: C Dean
Dr W Dean





REGISTERED OFFICE: Charter House
1-3 Charter Way
Macclesfield
Cheshire
SK10 2NG





REGISTERED NUMBER: 04204791 (England and Wales)





ACCOUNTANTS: Clayton and Clayton Accountants LLP
Chartered Certified Accountants
64 Market Street
New Mills
HIGH PEAK
SK22 4AA

Silkmoth Limited (Registered number: 04204791)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 594,250 510,000
Tangible assets 5 17,859 8,983
612,109 518,983

CURRENT ASSETS
Debtors 6 596,492 562,709
Cash at bank 375,009 349,897
971,501 912,606
CREDITORS
Amounts falling due within one year 7 125,611 113,329
NET CURRENT ASSETS 845,890 799,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,457,999

1,318,260

PROVISIONS FOR LIABILITIES 1,899 1,507
NET ASSETS 1,456,100 1,316,753

Silkmoth Limited (Registered number: 04204791)

Balance Sheet - continued
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 998 998
Share premium 7,245 7,245
Revaluation reserve 8 576,780 492,530
Retained earnings 871,077 815,980
1,456,100 1,316,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2023 and were signed on its behalf by:




C Dean - Director



Dr W Dean - Director


Silkmoth Limited (Registered number: 04204791)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Silkmoth Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
As part of the company's offering to its customers, the company own a large number of domain names which enable it to facilitate and host its online retail portals. These domains hold an intrinsic value based upon the amount of sales generated for the customers.

The value of these domains are assessed on a regular basis for any impairment or increase in value.

As new customers are taken on by the company, additional domains are purchased.

The company operates a number of trading domains as well as those used for protective purposes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Silkmoth Limited (Registered number: 04204791)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 October 2022 510,000
Revaluations 84,250
At 30 September 2023 594,250
NET BOOK VALUE
At 30 September 2023 594,250
At 30 September 2022 510,000

Silkmoth Limited (Registered number: 04204791)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2023 is represented by:

Other
intangible
assets
£   
Valuation in 2014 327,235
Valuation in 2018 17,470
Valuation in 2021 165,295
Valuation in 2023 84,250
594,250

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 34,090
Additions 12,946
At 30 September 2023 47,036
DEPRECIATION
At 1 October 2022 25,107
Charge for year 4,070
At 30 September 2023 29,177
NET BOOK VALUE
At 30 September 2023 17,859
At 30 September 2022 8,983

6. DEBTORS
30.9.23 30.9.22
£    £   
Amounts falling due within one year:
Trade debtors 195,447 156,468
Amounts owed by group undertakings 278,326 278,326
Other debtors 3,210 2,915
476,983 437,709

Silkmoth Limited (Registered number: 04204791)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. DEBTORS - continued
30.9.23 30.9.22
£    £   
Amounts falling due after more than one year:
Other debtors 119,509 125,000

Aggregate amounts 596,492 562,709

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 14,328 6,468
Taxation and social security 98,729 82,671
Other creditors 12,554 24,190
125,611 113,329

8. RESERVES
Revaluation
reserve
£   
At 1 October 2022 492,530
Revaluation 84,250

At 30 September 2023 576,780

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
C Dean and Dr W Dean
Balance outstanding at start of year 121,693 125,000
Amounts repaid (2,184 ) (3,307 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 119,509 121,693

10. ULTIMATE CONTROLLING PARTY

The controlling party is Silkmoth Group Limited Co No. 10091101.