1 December 2022 false No description of principal activity Taxfiler 2024.5 05991807business:PrivateLimitedCompanyLtd2022-12-012023-11-30 059918072022-11-30 059918072022-12-012023-11-30 05991807business:AuditExemptWithAccountantsReport2022-12-012023-11-30 05991807business:FilletedAccounts2022-12-012023-11-30 059918072023-11-30 05991807business:Director12022-12-012023-11-30 05991807business:CompanySecretary12022-12-012023-11-30 05991807business:RegisteredOffice2022-12-012023-11-30 059918072022-11-30 05991807core:WithinOneYear2023-11-30 05991807core:WithinOneYear2022-11-30 05991807core:AfterOneYear2023-11-30 05991807core:AfterOneYear2022-11-30 05991807core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 05991807core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 05991807core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 05991807core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 05991807core:PreviouslyStatedAmount2023-11-30 05991807core:PreviouslyStatedAmount2022-11-30 05991807business:SmallEntities2022-12-012023-11-30 05991807countries:EnglandWales2022-12-012023-11-30 05991807core:PlantMachinery2022-12-012023-11-30 05991807core:MotorVehicles2022-12-012023-11-30 05991807core:FurnitureFittings2022-12-012023-11-30 05991807core:ComputerEquipment2022-12-012023-11-30 05991807core:PlantMachinery2022-11-30 05991807core:MotorVehicles2022-11-30 05991807core:FurnitureFittings2022-11-30 05991807core:ComputerEquipment2022-11-30 05991807core:PlantMachinery2023-11-30 05991807core:MotorVehicles2023-11-30 05991807core:FurnitureFittings2023-11-30 05991807core:ComputerEquipment2023-11-30 059918072021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 05991807 (England and Wales)
Silver 6 Ltd Unaudited accounts for the year ended 30 November 2023
Silver 6 Ltd Unaudited accounts Contents
Page
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Silver 6 Ltd Company Information for the year ended 30 November 2023
Director
Mr A Yaqoob
Secretary
Mr M Yaqoob
Company Number
05991807 (England and Wales)
Registered Office
27 Victoria Avenue Wembley Middlesex HA9 6QF
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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Silver 6 Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
44,920 
931 
Current assets
Inventories
127,490 
208,318 
Debtors
466,158 
187,758 
Cash at bank and in hand
109,479 
89,065 
703,127 
485,141 
Creditors: amounts falling due within one year
(523,874)
(292,176)
Net current assets
179,253 
192,965 
Total assets less current liabilities
224,173 
193,896 
Creditors: amounts falling due after more than one year
(75,314)
(70,497)
Net assets
148,859 
123,399 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
148,858 
123,398 
Shareholders' funds
148,859 
123,399 
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 August 2024 and were signed on its behalf by
Mr A Yaqoob Director Company Registration No. 05991807
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Silver 6 Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Silver 6 Ltd is a private company, limited by shares, registered in England and Wales, registration number 05991807. The registered office is 27 Victoria Avenue, Wembley, Middlesex, HA9 6QF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% as per reducing balance method
Motor vehicles
20% as per reducing balance method
Fixtures & fittings
25% as per straight line method
Computer equipment
33.33% as per straight line method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Silver 6 Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
3,585 
- 
5,720 
965 
10,270 
Additions
- 
46,771 
- 
- 
46,771 
At 30 November 2023
3,585 
46,771 
5,720 
965 
57,041 
Depreciation
At 1 December 2022
2,975 
- 
5,720 
644 
9,339 
Charge for the year
122 
2,339 
- 
321 
2,782 
At 30 November 2023
3,097 
2,339 
5,720 
965 
12,121 
Net book value
At 30 November 2023
488 
44,432 
- 
- 
44,920 
At 30 November 2022
610 
- 
- 
321 
931 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
466,158 
187,758 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,968 
21,939 
VAT
33,078 
72,756 
Obligations under finance leases and hire purchase contracts
11,236 
- 
Trade creditors
235,504 
66,801 
Taxes and social security
4,566 
4,502 
Other creditors
136,801 
31,000 
Loans from directors
93,391 
93,033 
Accruals
2,330 
2,145 
523,874 
292,176 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
32,243 
70,497 
Obligations under finance leases and hire purchase contracts
43,071 
- 
75,314 
70,497 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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