SILVERSANDS LIMITED

Company Registration Number:
02141393 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

SILVERSANDS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

SILVERSANDS LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 459,237 436,081
Total fixed assets: 459,237 436,081
Current assets
Debtors: 4 730,964 792,248
Cash at bank and in hand: 5,000,228 6,040,379
Total current assets: 5,731,192 6,832,627
Creditors: amounts falling due within one year: 5 (3,778,140) (4,708,157)
Net current assets (liabilities): 1,953,052 2,124,470
Total assets less current liabilities: 2,412,289 2,560,551
Creditors: amounts falling due after more than one year: 6   (1,696)
Total net assets (liabilities): 2,412,289 2,558,855
Capital and reserves
Called up share capital: 50,000 50,000
Other reserves: 20,230 20,230
Profit and loss account: 2,342,059 2,488,625
Shareholders funds: 2,412,289 2,558,855

The notes form part of these financial statements

SILVERSANDS LIMITED

Balance sheet statements

For the year ending 30 November 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: A Z Tosunlar
Status: Director

The notes form part of these financial statements

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 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

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 40 42

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 1,947,939
Additions 153,461
Disposals (17,392)
At 30 November 2023 2,084,008
Depreciation
At 01 December 2022 1,511,858
Charge for year 130,305
On disposals (17,392)
At 30 November 2023 1,624,771
Net book value
At 30 November 2023 459,237
At 30 November 2022 436,081

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

Hire purchase £0 (2022: £10,117)Trade creditors £33,899 (£8,734)Corporation tax £177,675 (£193,790)Other taxes and social security £343,938 (£400.124)Other creditors £16,048 (£23,479)Accruals and deferred income £2,700,879 (£3,817,220)Directors' loan accounts £505,701 (£254,693)Total £3,778,140 (2022: £4,708,157)

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

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

Hire Purchase £nil (2022: £1,696)

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

7. Financial commitments

The total of future minimum lease payments under non-cancellable operating leases, for land and buildings, is £70,000 (2022: £70,000)

SILVERSANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

8. Related party transactions

Name of the related party: Silversands Directors' Pension Scheme
Relationship:
Pension Scheme
Description of the Transaction: Rent £70,000 (2022: £70,000)
£
Balance at 01 December 2022 3,500
Balance at 30 November 2023 0