SILVER KNIGHT HAULAGE AND MACHINERIES LTD

Company Registration Number:
05264216 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

SILVER KNIGHT HAULAGE AND MACHINERIES LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

SILVER KNIGHT HAULAGE AND MACHINERIES LTD

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,415,895 1,489,822
Total fixed assets: 1,415,895 1,489,822
Current assets
Stocks: 11,590 10,650
Debtors: 4 28,064 87,283
Cash at bank and in hand: 69,732 156,806
Total current assets: 109,386 254,739
Creditors: amounts falling due within one year: 5 (212,979) (249,620)
Net current assets (liabilities): (103,593) 5,119
Total assets less current liabilities: 1,312,302 1,494,941
Creditors: amounts falling due after more than one year: 6 (585,795) (715,734)
Total net assets (liabilities): 726,507 779,207
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 726,407 779,107
Shareholders funds: 726,507 779,207

The notes form part of these financial statements

SILVER KNIGHT HAULAGE AND MACHINERIES LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: D Asbury
Status: Director

The notes form part of these financial statements

SILVER KNIGHT HAULAGE AND MACHINERIES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measure at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contact. 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 and depreciation policy

Tangible fixed assets are measure 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 evenly over its expected useful life, as follows: Land and Buildings 1% Reducing Balance Motor Vehicles 18% Reducing Balance Plant and Machinery 18% Reducing Balance Fixtures and Equipment 18% Straight Line Basis.

Other accounting policies

TaxationA 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 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 re-valued land 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.

SILVER KNIGHT HAULAGE AND MACHINERIES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 8 8

SILVER KNIGHT HAULAGE AND MACHINERIES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 2,330,405
Additions 36,000
At 31 October 2023 2,366,405
Depreciation
At 01 November 2022 840,583
Charge for year 109,927
At 31 October 2023 950,510
Net book value
At 31 October 2023 1,415,895
At 31 October 2022 1,489,822

SILVER KNIGHT HAULAGE AND MACHINERIES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

Trade Debtors £26854 Prepayments £1210 Total £28064.

SILVER KNIGHT HAULAGE AND MACHINERIES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

Trade Creditors £7512 Directors Loan Account £10159 Other taxes and social security costs £26279 Bank Loans £121988 Accruals £7861 Staff Pension Scheme £689 Mortgage £38491 Total £212979.

SILVER KNIGHT HAULAGE AND MACHINERIES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due after more than one year note

Bank Loans £131693 Provisions for Liabilities £9236 Mortgage Account £444866 Total £585795.