Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-018falsepromotion, marketing and residential development of land8falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09458673 2023-04-01 2024-03-31 09458673 2022-04-01 2023-03-31 09458673 2024-03-31 09458673 2023-03-31 09458673 c:Director2 2023-04-01 2024-03-31 09458673 d:CurrentFinancialInstruments 2024-03-31 09458673 d:CurrentFinancialInstruments 2023-03-31 09458673 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09458673 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09458673 d:ShareCapital 2024-03-31 09458673 d:ShareCapital 2023-03-31 09458673 d:RetainedEarningsAccumulatedLosses 2024-03-31 09458673 d:RetainedEarningsAccumulatedLosses 2023-03-31 09458673 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09458673 c:OrdinaryShareClass1 2024-03-31 09458673 c:OrdinaryShareClass1 2023-03-31 09458673 c:FRS102 2023-04-01 2024-03-31 09458673 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09458673 c:FullAccounts 2023-04-01 2024-03-31 09458673 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09458673 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09458673









SILVERSAW LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SILVERSAW LIMITED
REGISTERED NUMBER: 09458673

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
273,389
261,379

Debtors: amounts falling due within one year
 5 
1,421
-

Cash at bank and in hand
 6 
56
151

  
274,866
261,530

Creditors: amounts falling due within one year
 7 
(313,970)
(298,033)

Net current liabilities
  
 
 
(39,104)
 
 
(36,503)

Total assets less current liabilities
  
(39,104)
(36,503)

  

Net liabilities
  
(39,104)
(36,503)


Capital and reserves
  

Called up share capital 
 8 
111
111

Profit and loss account
  
(39,215)
(36,614)

  
(39,104)
(36,503)


Page 1

 
SILVERSAW LIMITED
REGISTERED NUMBER: 09458673
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


D Cox
Director

Date: 19 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SILVERSAW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Silversaw Limited is a Company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company meets its day to day working capital requirements through a Directors loan. The
Directors intend to continue to support the Company. As a result they have adopted the going
concern basis of accounting.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
SILVERSAW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).


4.


Stocks

2024
2023
£
£

Stocks
273,389
261,379

273,389
261,379



5.


Debtors

2024
2023
£
£


Tax recoverable
1,421
-

1,421
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
56
151

56
151



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
8,394
-

Other creditors
302,856
294,913

Accruals and deferred income
2,720
3,120

313,970
298,033


Page 4

 
SILVERSAW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



11,112 (2023 - 11,112) Ordinary shares of £0.01 each
111
111



9.


Related party transactions

At the year end, the Company owed the Directors £302,856 (2023: £294,701) which is repayable on demand.  

 
Page 5