Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-011falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC258672 2022-12-01 2023-11-30 SC258672 2021-12-01 2022-11-30 SC258672 2023-11-30 SC258672 2022-11-30 SC258672 c:Director1 2022-12-01 2023-11-30 SC258672 c:RegisteredOffice 2022-12-01 2023-11-30 SC258672 d:FurnitureFittings 2022-12-01 2023-11-30 SC258672 d:FurnitureFittings 2023-11-30 SC258672 d:FurnitureFittings 2022-11-30 SC258672 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC258672 d:CurrentFinancialInstruments 2023-11-30 SC258672 d:CurrentFinancialInstruments 2022-11-30 SC258672 d:Non-currentFinancialInstruments 2023-11-30 SC258672 d:Non-currentFinancialInstruments 2022-11-30 SC258672 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 SC258672 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 SC258672 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 SC258672 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 SC258672 d:ShareCapital 2023-11-30 SC258672 d:ShareCapital 2022-11-30 SC258672 d:RetainedEarningsAccumulatedLosses 2023-11-30 SC258672 d:RetainedEarningsAccumulatedLosses 2022-11-30 SC258672 c:OrdinaryShareClass1 2022-12-01 2023-11-30 SC258672 c:OrdinaryShareClass1 2023-11-30 SC258672 c:FRS102 2022-12-01 2023-11-30 SC258672 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC258672 c:FullAccounts 2022-12-01 2023-11-30 SC258672 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC258672 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC258672










SILVANUS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
SILVANUS LIMITED
 

COMPANY INFORMATION


DIRECTOR
Mr P J Bourke 




REGISTERED NUMBER
SC258672



REGISTERED OFFICE
Pentland House
Saltire Centre

Glenrothes

Fife

KY6 2AH




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
SILVANUS LIMITED
REGISTERED NUMBER:SC258672

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
107
143

  
107
143

Current assets
  

Debtors: amounts falling due within one year
 5 
2,567
3,666

Cash at bank and in hand
  
984
2,164

  
3,551
5,830

Creditors: amounts falling due within one year
 6 
(2,170)
(3,596)

Net current assets
  
 
 
1,381
 
 
2,234

Total assets less current liabilities
  
1,488
2,377

Creditors: amounts falling due after more than one year
 7 
(1,450)
(2,300)

Provisions for liabilities
  

Deferred tax
  
(20)
(27)

  
 
 
(20)
 
 
(27)

Net assets
  
18
50


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
17
49

  
18
50


Page 1

 
SILVANUS LIMITED
REGISTERED NUMBER:SC258672

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers 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 director acknowledges his 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 statement of income and retained earnings 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: 




Mr P J Bourke
Director

Date: 29 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SILVANUS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Silvanus Limited is limited by shares and incorporated in Scotland with registration number SC258672. The address of the registered office is Pentland House, Saltire Centre, Glenrothes, Fife, KY6 2AH. The place of business is 29 Carnegie Drive, Falkirk, FK1 4ET.
The financial statements are presented in Sterling which is the functional currency of the Company and
rounded to the nearest £.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
SILVANUS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
SILVANUS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 December 2022
685



At 30 November 2023

685



Depreciation


At 1 December 2022
542


Charge for the year on owned assets
36



At 30 November 2023

578



Net book value



At 30 November 2023
107



At 30 November 2022
143

Page 5

 
SILVANUS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
2,062
3,243

Prepayments and accrued income
505
423

2,567
3,666



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
600
350

Other taxation and social security
1,070
2,861

Accruals and deferred income
500
385

2,170
3,596



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,450
2,300

1,450
2,300



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



Page 6