Company registration number 14206075 (England and Wales)
Silolabs Limited
Unaudited Financial Statements
For The Period Ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
SILOLABS LIMITED
Silolabs Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SILOLABS LIMITED
Silolabs Limited
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
31 December 2023
30 June 2023
Notes
£
£
£
£
Current assets
Debtors
3
803
249
Cash at bank and in hand
5,458
4,129
6,261
4,378
Creditors: amounts falling due within one year
4
(23,189)
(12,912)
Net current liabilities
(16,928)
(8,534)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(17,028)
(8,634)
Total equity
(16,928)
(8,534)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial Period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 March 2024 and are signed on its behalf by:
S Collinson
Director
Company Registration No. 14206075
SILOLABS LIMITED
Silolabs Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
SiloLabs Limited is a private company limited by shares incorporated in England and Wales. The registered office is Riverside Industrial Park, Catterall, Preston, Lancashire, United Kingdom, PR3 0HP.
1.1
Reporting period
The company has shortened the year end from 30 June 2024 to 31 December 2023. The period was shortened to better suit the business. As a result, comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include deposits held at call with banks.
1.4
Financial instruments
The company has financial assets (debtors and bank balances) and liabilities (creditors and accruals) of a kind that qualify as basic financial instruments. They are initially recognised at transaction value and subsequently measured at their settlement value.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2023
2023
Number
Number
Total
3
Debtors
2023
2023
Amounts falling due within one year:
£
£
Other debtors
803
249
SILOLABS LIMITED
Silolabs Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 3 -
4
Creditors: amounts falling due within one year
2023
2023
£
£
Trade creditors
564
1,162
Other creditors
22,625
11,750
23,189
12,912
5
Called up share capital
2023
2023
2023
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
90
90
90
90
Ordinary B shares of £1 each
5
5
5
5
Ordinary C shares of £1 each
5
5
5
5
100
100
100
100