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REGISTERED NUMBER: 07024027 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Silkwise Catering Limited

Silkwise Catering Limited (Registered number: 07024027)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Silkwise Catering Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: E Lepine





SECRETARY:





REGISTERED OFFICE: 9 Couch Lane
Devises
Wiltshire
SN10 1EB





REGISTERED NUMBER: 07024027 (England and Wales)





ACCOUNTANTS: Accounting by Design (UK) Limited
302 Cirencester Bsness Park
Love Lane
Cirencester
Gloucestershire
GL7 1XD

Silkwise Catering Limited (Registered number: 07024027)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,337 1,676
2,337 1,676

CURRENT ASSETS
Stocks 8,500 8,250
Debtors 6 32 115
Cash at bank and in hand 5,662 14,750
14,194 23,115
CREDITORS
Amounts falling due within one year 7 8,167 12,852
NET CURRENT ASSETS 6,027 10,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,364

11,939

CREDITORS
Amounts falling due after more than one year 8 (7,667 ) (11,667 )

PROVISIONS FOR LIABILITIES (444 ) (102 )
NET ASSETS 253 170

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 252 169
SHAREHOLDERS' FUNDS 253 170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Silkwise Catering Limited (Registered number: 07024027)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 8 August 2024 and were signed by:





E Lepine - Director


Silkwise Catering Limited (Registered number: 07024027)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Silkwise Catering 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

Silkwise Catering Limited (Registered number: 07024027)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 11,700
AMORTISATION
At 1 January 2023
and 31 December 2023 11,700
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 35,913
Additions 2,735
At 31 December 2023 38,648
DEPRECIATION
At 1 January 2023 34,237
Charge for year 2,074
At 31 December 2023 36,311
NET BOOK VALUE
At 31 December 2023 2,337
At 31 December 2022 1,676

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 32 115

Silkwise Catering Limited (Registered number: 07024027)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 133 404
Taxation and social security 3,883 6,368
Other creditors 151 2,080
8,167 12,852

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 7,667 11,667