Acorah Software Products - Accounts Production 15.0.500 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07099882 Mr D J Hitchen Ms P J Hitchen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07099882 2023-05-31 07099882 2024-05-31 07099882 2023-06-01 2024-05-31 07099882 frs-core:CurrentFinancialInstruments 2024-05-31 07099882 frs-core:ComputerEquipment 2024-05-31 07099882 frs-core:ComputerEquipment 2023-06-01 2024-05-31 07099882 frs-core:ComputerEquipment 2023-05-31 07099882 frs-core:FurnitureFittings 2024-05-31 07099882 frs-core:FurnitureFittings 2023-06-01 2024-05-31 07099882 frs-core:FurnitureFittings 2023-05-31 07099882 frs-core:MotorVehicles 2024-05-31 07099882 frs-core:MotorVehicles 2023-06-01 2024-05-31 07099882 frs-core:MotorVehicles 2023-05-31 07099882 frs-core:PlantMachinery 2024-05-31 07099882 frs-core:PlantMachinery 2023-06-01 2024-05-31 07099882 frs-core:PlantMachinery 2023-05-31 07099882 frs-core:ShareCapital 2024-05-31 07099882 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07099882 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07099882 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07099882 frs-bus:SmallEntities 2023-06-01 2024-05-31 07099882 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07099882 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07099882 frs-bus:Director1 2023-06-01 2024-05-31 07099882 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 07099882 frs-countries:EnglandWales 2023-06-01 2024-05-31 07099882 2022-05-31 07099882 2023-05-31 07099882 2022-06-01 2023-05-31 07099882 frs-core:CurrentFinancialInstruments 2023-05-31 07099882 frs-core:ShareCapital 2023-05-31 07099882 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07099882
Silver Business Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07099882
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,425 42,035
30,425 42,035
CURRENT ASSETS
Debtors 5 - 14,732
Cash at bank and in hand 64,258 38,872
64,258 53,604
Creditors: Amounts Falling Due Within One Year 6 (24,056 ) (13,043 )
NET CURRENT ASSETS (LIABILITIES) 40,202 40,561
TOTAL ASSETS LESS CURRENT LIABILITIES 70,627 82,596
NET ASSETS 70,627 82,596
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 70,625 82,594
SHAREHOLDERS' FUNDS 70,627 82,596
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D J Hitchen
Director
27/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Silver Business Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07099882 . The registered office is 21 Manor Road, Caddington, Bedfordshire, LU1 4EE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.4. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.
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.
2.5. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 15)
13 15
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 367 43,083 11,291 29,156 83,897
Additions - - 3,165 - 3,165
As at 31 May 2024 367 43,083 14,456 29,156 87,062
Depreciation
As at 1 June 2023 313 15,680 6,147 19,722 41,862
Provided during the period 54 6,851 3,117 4,753 14,775
As at 31 May 2024 367 22,531 9,264 24,475 56,637
Net Book Value
As at 31 May 2024 - 20,552 5,192 4,681 30,425
As at 1 June 2023 54 27,403 5,144 9,434 42,035
5. Debtors
2024 2023
£ £
Due within one year
VAT - 14,732
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 9 3,530
Other taxes and social security 3,386 5,740
VAT 16,462 -
Other creditors 344 67
Accruals and deferred income 2,444 2,295
Director's loan account 1,411 1,411
24,056 13,043
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Related Party Transactions
The director and shareholder Mr D Hitchen is also a director and shareholder of Cartridge King (Jersey) Limited.
During the year Silver Business Consulting Limited invoiced Cartridge King (Jersey) Limited for administration services with a value of £713,444 (2023 : £863,043). There were no balances owing at the year end.
During the year Cartridge King (Jersey) Limited invoiced Silver Business Consulting Limited for processing, ink and cartridges with a value of £160,445 (2023 : £253,245). There were no balances owing at the year end.
All transaction were at arm's length.
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