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REGISTERED NUMBER: 01990093 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

SILKWOOD DEVELOPMENTS LIMITED

SILKWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01990093)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SILKWOOD DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr P D Humphrey
Mr M Humphrey
Mr M G Humphrey





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 01990093 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

SILKWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01990093)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 318 392

CURRENT ASSETS
Stocks - 204,017
Debtors 5 - 19
Cash at bank 230,883 299,868
230,883 503,904
CREDITORS
Amounts falling due within one year 6 302,111 429,742
NET CURRENT (LIABILITIES)/ASSETS (71,228 ) 74,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,910

)

74,554

CREDITORS
Amounts falling due after more than one
year

7

13,950

129,111
NET LIABILITIES (84,860 ) (54,557 )

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 9 (85,010 ) (54,707 )
SHAREHOLDERS' FUNDS (84,860 ) (54,557 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th August 2024 and were signed on its behalf by:





Mr M Humphrey - Director


SILKWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01990093)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Silkwood Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1st April 2023
and 31st March 2024 500 250 750
DEPRECIATION
At 1st April 2023 261 97 358
Charge for year 60 14 74
At 31st March 2024 321 111 432
NET BOOK VALUE
At 31st March 2024 179 139 318
At 31st March 2023 239 153 392

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
VAT - 19

SILKWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01990093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 10,161 9,911
VAT 433 -
Directors' current accounts 288,517 416,830
Accrued expenses 3,000 3,001
302,111 429,742

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans - 1-2 years 13,950 24,111
Other creditors - 105,000
13,950 129,111

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £ £
150 Ordinary £1 150 150

9. RESERVES
Retained
earnings
£

At 1st April 2023 (54,707 )
Deficit for the year (30,303 )
At 31st March 2024 (85,010 )