Company registration number 10855867 (England and Wales)
SILENT ZED LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
8 JULY 2023
PAGES FOR FILING WITH REGISTRAR
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
SILENT ZED LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
SILENT ZED LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr J R Dalziel
Mrs S L Dalziel
Company number
10855867
Registered office
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
Accountants
TC Group
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
SILENT ZED LIMITED
BALANCE SHEET
AS AT
8 JULY 2023
08 July 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,776
2,370
Current assets
Cash at bank and in hand
32,405
33,145
Creditors: amounts falling due within one year
5
(32,763)
(34,275)
Net current liabilities
(358)
(1,130)
Total assets less current liabilities
1,418
1,240
Provisions for liabilities
(337)
(450)
Net assets
1,081
790
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
981
690
Total equity
1,081
790

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 year ended 8 July 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 year 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.

SILENT ZED LIMITED
BALANCE SHEET (CONTINUED)
AS AT
8 JULY 2023
08 July 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 5 April 2024 and are signed on its behalf by:
Mrs S L Dalziel
Director
Company Registration No. 10855867
SILENT ZED LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 8 JULY 2023
- 4 -
1
Accounting policies
Company information

Silent Zed Limited is a private company limited by shares incorporated in England and Wales. The registered office is 30-31 St.James Place, Mangotsfield, Bristol, United Kingdom, BS16 9JB.

1.1
Accounting convention

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Computers
25% on reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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.

SILENT ZED LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 8 JULY 2023
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

 

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 9 July 2022 and 8 July 2023
1,290
2,830
4,120
Depreciation and impairment
At 9 July 2022
883
867
1,750
Depreciation charged in the year
103
491
594
At 8 July 2023
986
1,358
2,344
Carrying amount
At 8 July 2023
304
1,472
1,776
At 8 July 2022
407
1,963
2,370
SILENT ZED LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 8 JULY 2023
- 6 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
7,347
8,268
Other creditors
25,416
26,007
32,763
34,275
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