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Company Registration No. 04206214 (England and Wales)
Silver Imitation Accessories (SIA) Ltd. Unaudited accounts for the year ended 30 April 2023
Silver Imitation Accessories (SIA) Ltd. Unaudited accounts Contents
Page
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Silver Imitation Accessories (SIA) Ltd. Company Information for the year ended 30 April 2023
Directors
Nimisha Mamtora Tushar Bhagwanji Mamtora
Secretary
Nimisha Mamtora
Company Number
04206214 (England and Wales)
Registered Office
8 Fulham Broadway London SW6 1AA England
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Silver Imitation Accessories (SIA) Ltd. Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
1 
Tangible assets
2,671,665 
2,684,982 
2,671,666 
2,684,983 
Current assets
Inventories
16,100 
16,100 
Debtors
1,467,297 
968,831 
Cash at bank and in hand
254,434 
234,911 
1,737,831 
1,219,842 
Creditors: amounts falling due within one year
(555,020)
(535,664)
Net current assets
1,182,811 
684,178 
Total assets less current liabilities
3,854,477 
3,369,161 
Creditors: amounts falling due after more than one year
(1,567,613)
(1,429,070)
Provisions for liabilities
Deferred tax
(30,782)
(30,782)
Net assets
2,256,082 
1,909,309 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,256,080 
1,909,307 
Shareholders' funds
2,256,082 
1,909,309 
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by
Tushar Bhagwanji Mamtora Director Company Registration No. 04206214
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Silver Imitation Accessories (SIA) Ltd. Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Silver Imitation Accessories (SIA) Ltd. is a private company, limited by shares, registered in England and Wales, registration number 04206214. The registered office is 8 Fulham Broadway , London, SW6 1AA, 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 using the straight-line method. The rates applicable are:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
25% Reducing Balance
Stock
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Government grants
Grants received in relation to the Coronavirus Job Retention Scheme have been offset against employee costs. Grants received for Business Rates Relief and Small Business Grant Fund are recognised in the profit and loss account as other income
Pension costs
The company operates a defined contribution scheme for the benefit of its directors and employees. The contributions payable are recognised in the profit and loss account when they fall due. Amounts due at the year end are shown in accruals as Creditors.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Silver Imitation Accessories (SIA) Ltd. Notes to the Accounts for the year ended 30 April 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2022
44,439 
At 30 April 2023
44,439 
Amortisation
At 1 May 2022
44,438 
At 30 April 2023
44,438 
Net book value
At 30 April 2023
1 
At 30 April 2022
1 
Intangible assets are being written off in equal annual instalments over its estimated economic life.
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2022
2,592,555 
71,142 
302,367 
6,203 
2,972,267 
Additions
- 
270 
90 
748 
1,108 
At 30 April 2023
2,592,555 
71,412 
302,457 
6,951 
2,973,375 
Depreciation
At 1 May 2022
- 
57,982 
226,303 
3,000 
287,285 
Charge for the year
- 
2,014 
11,423 
988 
14,425 
At 30 April 2023
- 
59,996 
237,726 
3,988 
301,710 
Net book value
At 30 April 2023
2,592,555 
11,416 
64,731 
2,963 
2,671,665 
At 30 April 2022
2,592,555 
13,160 
76,064 
3,203 
2,684,982 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
31,844 
62,181 
Other debtors
1,425,453 
819,150 
1,457,297 
881,331 
Amounts falling due after more than one year
Other debtors
10,000 
87,500 
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Silver Imitation Accessories (SIA) Ltd. Notes to the Accounts for the year ended 30 April 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
71,424 
53,752 
Trade creditors
156,409 
204,755 
Taxes and social security
192,199 
119,799 
Other creditors
146 
146 
Loans from directors
28,096 
19,699 
Accruals
106,746 
137,513 
555,020 
535,664 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
691,366 
765,323 
Other creditors
876,247 
663,747 
1,567,613 
1,429,070 
9
Transactions with related parties
Included within Debtors are amounts due from Rescom Ltd and Devonshire Property Enterprises Ltd. Creditors include amounts due to Sia Beauty Ltd. The loans are unsecured and interest free. Mr Tushar Mamtora and Mrs Nimisha Mamtora are shareholders and directors of each of these companies.
10
Average number of employees
During the year the average number of employees was 52 (2022: 54).
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