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REGISTERED NUMBER: 06887344 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

The Silk Forest Limited

The Silk Forest Limited (Registered number: 06887344)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

The Silk Forest Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: G Aldred
Ms J Robinson





SECRETARY: Ms J Robinson





REGISTERED OFFICE: 9 De Montfort Street
Leicester
Leicestershire
LE1 7GE





REGISTERED NUMBER: 06887344 (England and Wales)





ACCOUNTANTS: M Cubed Chartered Accountants
9 De Montfort Street
Leicester
Leicestershire
LE1 7GE

The Silk Forest Limited (Registered number: 06887344)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 10,000
Tangible assets 5 5,463 5,059
5,463 15,059

CURRENT ASSETS
Debtors 6 - 7,160
Cash at bank 14,701 20,178
14,701 27,338
CREDITORS
Amounts falling due within one year 7 (11,129 ) (17,758 )
NET CURRENT ASSETS 3,572 9,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,035

24,639

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,033 24,637
SHAREHOLDERS' FUNDS 9,035 24,639

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 30 November 2023 and were signed on its behalf by:





G Aldred - Director


The Silk Forest Limited (Registered number: 06887344)

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

1. STATUTORY INFORMATION

The Silk Forest 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.

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

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 4 ) .

The Silk Forest Limited (Registered number: 06887344)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 100,000
AMORTISATION
At 1 May 2022 90,000
Charge for year 10,000
At 30 April 2023 100,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 10,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 21,381
Additions 2,224
At 30 April 2023 23,605
DEPRECIATION
At 1 May 2022 16,322
Charge for year 1,820
At 30 April 2023 18,142
NET BOOK VALUE
At 30 April 2023 5,463
At 30 April 2022 5,059

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors - 6,485
VAT - 675
- 7,160

The Silk Forest Limited (Registered number: 06887344)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 124 1,820
Tax 1,145 6,268
Social security and other taxes 1,454 1,380
VAT 2,841 -
Other creditors - 1,034
Directors' current accounts 649 2,340
Accrued expenses 4,916 4,916
11,129 17,758

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.4.23 30.4.22
£    £   
G Aldred
Balance outstanding at start of year (197 ) (26,817 )
Amounts advanced 2,644 38,349
Amounts repaid (2,692 ) (11,729 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (245 ) (197 )

Ms J Robinson
Balance outstanding at start of year (2,143 ) (2,000 )
Amounts advanced 25,714 -
Amounts repaid (23,975 ) (143 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (404 ) (2,143 )

9. ULTIMATE CONTROLLING PARTY

Mr G Aldred and Mrs J Robinson each own 50% of the issued share capital in the company, therefore there is no ultimate controlling party.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Silk Forest Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Silk Forest Limited for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Silk Forest Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Silk Forest Limited and state those matters that we have agreed to state to the Board of Directors of The Silk Forest Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Silk Forest Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Silk Forest Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Silk Forest Limited. You consider that The Silk Forest Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Silk Forest Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M Cubed Chartered Accountants
9 De Montfort Street
Leicester
Leicestershire
LE1 7GE


30 November 2023