IRIS Accounts Production v23.3.1.45 03231716 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032317162022-06-30032317162023-06-30032317162022-07-012023-06-30032317162021-06-30032317162021-07-012022-06-30032317162022-06-3003231716ns10:Originalns15:EnglandWales2022-07-012023-06-3003231716ns14:PoundSterlingns10:Original2022-07-012023-06-3003231716ns10:Originalns10:Director12022-07-012023-06-3003231716ns10:Original2022-07-012023-06-3003231716ns10:Original2023-06-3003231716ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3003231716ns10:Originalns10:SmallEntities2022-07-012023-06-3003231716ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3003231716ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3003231716ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3003231716ns10:Originalns10:FullAccounts2022-07-012023-06-3003231716ns10:Originalns10:Director22022-07-012023-06-3003231716ns10:Originalns10:RegisteredOffice2022-07-012023-06-3003231716ns10:Original2022-06-3003231716ns10:Originalns5:CurrentFinancialInstruments2023-06-3003231716ns10:Originalns5:CurrentFinancialInstruments2022-06-3003231716ns10:Originalns5:Non-currentFinancialInstruments2023-06-3003231716ns10:Originalns5:Non-currentFinancialInstruments2022-06-3003231716ns5:ShareCapitalns10:Original2023-06-3003231716ns5:ShareCapitalns10:Original2022-06-3003231716ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3003231716ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-06-3003231716ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3003231716ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3003231716ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-012023-06-3003231716ns10:Originalns5:FurnitureFittings2022-07-012023-06-3003231716ns10:Originalns5:MotorVehicles2022-07-012023-06-3003231716ns10:Originalns5:ComputerEquipment2022-07-012023-06-3003231716ns10:Original2021-07-012022-06-3003231716ns10:Originalns5:LandBuildings2022-06-3003231716ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-06-3003231716ns10:Originalns5:FurnitureFittings2022-06-3003231716ns10:Originalns5:LandBuildings2022-07-012023-06-3003231716ns10:Originalns5:LandBuildings2023-06-3003231716ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-06-3003231716ns10:Originalns5:FurnitureFittings2023-06-3003231716ns10:Originalns5:LandBuildings2022-06-3003231716ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-06-3003231716ns10:Originalns5:FurnitureFittings2022-06-3003231716ns10:Originalns5:MotorVehicles2022-06-3003231716ns10:Originalns5:ComputerEquipment2022-06-3003231716ns10:Original2022-06-3003231716ns10:Originalns5:MotorVehicles2023-06-3003231716ns10:Originalns5:ComputerEquipment2023-06-3003231716ns10:Originalns5:MotorVehicles2022-06-3003231716ns10:Originalns5:ComputerEquipment2022-06-3003231716ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3003231716ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-06-3003231716ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-06-30
REGISTERED NUMBER: 03231716 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

SILVERFORCE LTD

SILVERFORCE LTD (Registered number: 03231716)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SILVERFORCE LTD

Company Information
for the Year Ended 30 JUNE 2023







DIRECTORS: Mr R Kanbi
Mrs R Kanbi





REGISTERED OFFICE: Alpha House
296 Kenton Road
Harrow
HA3 8DD





REGISTERED NUMBER: 03231716 (England and Wales)





ACCOUNTANTS: Frasers Young Limited
Chartered Certified Accountants
Alpha House
296 Kenton Road
Harrow
HA3 8DD

SILVERFORCE LTD (Registered number: 03231716)

Balance Sheet
30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,365,470 2,599,906

CURRENT ASSETS
Stocks 42,500 37,255
Cash at bank 489,996 847,468
532,496 884,723
CREDITORS
Amounts falling due within one year 5 (399,126 ) (392,633 )
NET CURRENT ASSETS 133,370 492,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,498,840

3,091,996

CREDITORS
Amounts falling due after more than one year 6 (1,005,500 ) -

PROVISIONS FOR LIABILITIES (327,883 ) (207,443 )
NET ASSETS 3,165,457 2,884,553

CAPITAL AND RESERVES
Called up share capital 12,500 12,500
Fair value reserve 7 972,604 884,362
Retained earnings 2,180,353 1,987,691
SHAREHOLDERS' FUNDS 3,165,457 2,884,553

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SILVERFORCE LTD (Registered number: 03231716)

Balance Sheet - continued
30 JUNE 2023


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 12 March 2024 and were signed on its behalf by:





Mr R Kanbi - Director


SILVERFORCE LTD (Registered number: 03231716)

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


1. STATUTORY INFORMATION

SILVERFORCE LTD 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the life of the lease
Fixtures and fittings - 25 % on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 20% on reducing balance

Freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 - 5 ) .

SILVERFORCE LTD (Registered number: 03231716)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Short and
property leasehold fittings
£    £    £   
COST OR VALUATION
At 1 July 2022 2,572,958 62,924 31,272
Additions 1,875,066 - -
Disposals (302,958 ) - -
Revaluations 205,000 - -
At 30 June 2023 4,350,066 62,924 31,272
DEPRECIATION
At 1 July 2022 - 62,924 30,981
Charge for year - - 73
At 30 June 2023 - 62,924 31,054
NET BOOK VALUE
At 30 June 2023 4,350,066 - 218
At 30 June 2022 2,572,958 - 291

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 July 2022 49,831 11,477 2,728,462
Additions - 1,896 1,876,962
Disposals - - (302,958 )
Revaluations - - 205,000
At 30 June 2023 49,831 13,373 4,507,466
DEPRECIATION
At 1 July 2022 24,915 9,736 128,556
Charge for year 12,458 909 13,440
At 30 June 2023 37,373 10,645 141,996
NET BOOK VALUE
At 30 June 2023 12,458 2,728 4,365,470
At 30 June 2022 24,916 1,741 2,599,906

SILVERFORCE LTD (Registered number: 03231716)

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


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2023 is represented by:

Fixtures
Freehold Short and
property leasehold fittings
£    £    £   
Valuation in 2017 1,091,805 - -
Valuation in 2023 205,000 - -
Cost 3,053,261 62,924 31,272
4,350,066 62,924 31,272

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2017 - - 1,091,805
Valuation in 2023 - - 205,000
Cost 49,831 13,373 3,210,661
49,831 13,373 4,507,466

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 28,149 25,014
Taxation and social security 92,366 93,032
Other creditors 278,611 274,587
399,126 392,633

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other creditors 1,005,500 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,005,500 -

SILVERFORCE LTD (Registered number: 03231716)

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


7. RESERVES
Fair
value
reserve
£   
At 1 July 2022 884,362
Fairvalue Adjustment 88,242

At 30 June 2023 972,604

8. ULTIMATE CONTROLLING PARTY

The controlling party is Directors..