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Company Registration No. 12652366 (England and Wales)
Silver Industries Limited Unaudited accounts for the year ended 30 June 2023
Silver Industries Limited Unaudited accounts Contents
Page
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Silver Industries Limited Company Information for the year ended 30 June 2023
Director
Stelian-Emanuel Estives
Company Number
12652366 (England and Wales)
Registered Office
27 Old Gloucester Street London WC1N 3AX England
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Silver Industries Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
475,001 
483,334 
Tangible assets
25,376 
26,584 
500,377 
509,918 
Current assets
Inventories
50,185 
63,518 
Debtors
35,870 
49,182 
Cash at bank and in hand
15,386 
20,404 
101,441 
133,104 
Creditors: amounts falling due within one year
(129,067)
(134,728)
Net current liabilities
(27,626)
(1,624)
Total assets less current liabilities
472,751 
508,294 
Creditors: amounts falling due after more than one year
(484,454)
(518,592)
Net liabilities
(11,703)
(10,298)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(11,704)
(10,299)
Shareholders' funds
(11,703)
(10,298)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 July 2023 and were signed on its behalf by
Stelian-Emanuel Estives Director Company Registration No. 12652366
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Silver Industries Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Silver Industries Limited is a private company, limited by shares, registered in England and Wales, registration number 12652366. The registered office is 27 Old Gloucester Street, , London, WC1N 3AX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
500,000 
At 30 June 2023
500,000 
Amortisation
At 1 July 2022
16,666 
Charge for the year
8,333 
At 30 June 2023
24,999 
Net book value
At 30 June 2023
475,001 
At 30 June 2022
483,334 
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Silver Industries Limited Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
29,000 
At 30 June 2023
29,000 
Depreciation
At 1 July 2022
2,416 
Charge for the year
1,208 
At 30 June 2023
3,624 
Net book value
At 30 June 2023
25,376 
At 30 June 2022
26,584 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
35,870 
49,182 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,277 
6,723 
Obligations under finance leases and hire purchase contracts
46,170 
48,293 
Trade creditors
44,900 
43,681 
Other creditors
31,720 
36,031 
129,067 
134,728 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,308 
42,184 
Obligations under finance leases and hire purchase contracts
381,036 
398,135 
Other creditors
69,110 
78,273 
484,454 
518,592 
9
Average number of employees
During the year the average number of employees was 20 (2022: 20).
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