Registered number
09863852
Flint Silver Limited
Unaudited Filleted Accounts
31 October 2023
Flint Silver Limited
Registered number: 09863852
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 167 223
167 223
Current assets
Debtors 4 22,798 6,181
Cash at bank and in hand 9,287 21,488
32,085 27,669
Creditors: amounts falling due within one year 5 (9,367) (10,423)
Net current assets 22,718 17,246
Total assets less current liabilities 22,885 17,469
Creditors: amounts falling due after more than one year 6 - -
Provisions for liabilities (32) (42)
Net assets 22,853 17,427
Capital and reserves
Called up share capital 5 5
Profit and loss account 22,848 17,422
Shareholder's funds 22,853 17,427
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr W B Holt
Director
Approved by the board on 17 April 2024
Flint Silver Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment Total
£ £
Cost
At 1 November 2022 1,672 1,672
Additions - -
Disposals - -
At 31 October 2023 1,672 1,672
Depreciation
At 1 November 2022 1,449 1,449
Charge for the year 56 56
On disposals - -
At 31 October 2023 1,505 1,505
Net book value
At 31 October 2023 167 167
At 31 October 2022 223 223
4 Debtors 2023 2022
£ £
Trade debtors 22,299 6,181
Other debtors 499 -
22,798 6,181
Amounts due after more than one year included above - -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - -
Trade creditors 608 588
Taxation and social security costs 3,366 5,116
Other creditors 5,393 4,719
9,367 10,423
6 Creditors: amounts falling due after one year 2023 2022
£ £
Trade creditors - -
Other creditors - -
- -
7 Other information
Flint Silver Limited is a private company limited by shares and incorporated in England. Its registered office is:
80 Crookston Road
Eltham
London
SE9 1YB
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