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REGISTERED NUMBER: 01359429 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Silbury Accountants Limited

Silbury Accountants Limited (Registered number: 01359429)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Silbury Accountants Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: A C Eustace





REGISTERED OFFICE: Oak Apple House
North Street
Milborne Port
Sherborne
DT9 5EW





REGISTERED NUMBER: 01359429 (England and Wales)





ACCOUNTANTS: Silbury Accountants Limited
Chartered Accountants
Oak Apple House
North Street
Milborne Port
Sherborne
DT9 5EW

Silbury Accountants Limited (Registered number: 01359429)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 11,226 13,140

CURRENT ASSETS
Debtors 5 42,201 48,678
Cash at bank 122,981 113,622
165,182 162,300
CREDITORS
Amounts falling due within one year 6 90,790 94,142
NET CURRENT ASSETS 74,392 68,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,618

81,298

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 85,518 81,198
SHAREHOLDERS' FUNDS 85,618 81,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 February 2024 and were signed by:





A C Eustace - Director


Silbury Accountants Limited (Registered number: 01359429)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 15% on cost
Plant and machinery etc - 33% on cost and 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 6 (2022 - 6 ) .

Silbury Accountants Limited (Registered number: 01359429)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 12,753 26,432 39,185
DEPRECIATION
At 1 November 2022 3,640 22,405 26,045
Charge for year 910 1,004 1,914
At 31 October 2023 4,550 23,409 27,959
NET BOOK VALUE
At 31 October 2023 8,203 3,023 11,226
At 31 October 2022 9,113 4,027 13,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 42,201 48,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 14,209 35,821
Taxation and social security 46,821 28,161
Other creditors 29,760 30,160
90,790 94,142

7. LEASING AGREEMENTS
The total amount due under non-cancellable operating leases is £170,000 (2022 £176,000).

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 ordinary 1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A C Eustace.