1 December 2022 v2024.40.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC5494622022-12-012023-11-30SC5494622023-11-30SC5494622022-11-30SC549462core:WithinOneYear2023-11-30SC549462core:WithinOneYear2022-11-30SC549462core:ShareCapital2023-11-30SC549462core:ShareCapital2022-11-30SC549462core:RetainedEarningsAccumulatedLosses2023-11-30SC549462core:RetainedEarningsAccumulatedLosses2022-11-30SC549462bus:Director12022-12-012023-11-30SC549462bus:RegisteredOffice2022-12-012023-11-30SC5494622021-12-012022-11-30SC549462core:PlantMachinery2022-12-01SC549462core:PlantMachinery2022-12-012023-11-30SC549462core:PlantMachinery2023-11-30SC549462core:PlantMachinery2022-11-30SC54946212022-12-012023-11-30SC549462countries:Scotland2022-12-012023-11-30SC549462bus:AuditExemptWithAccountantsReport2022-12-012023-11-30SC549462bus:PrivateLimitedCompanyLtd2022-12-012023-11-30SC549462bus:SmallEntities2022-12-012023-11-30SC549462bus:FullAccounts2022-12-012023-11-30
Company registration number:
SC549462
SYLK TECH LTD
Unaudited Filleted Financial Statements for the year ended
30 November 2023
SYLK TECH LTD
Report to the board of directors on the preparation of the unaudited statutory financial statements of SYLK TECH LTD
Year ended
30 November 2023
As described on the statement of financial position, the Board of Directors of
SYLK TECH LTD
are responsible for the preparation of the
financial statements
for the year ended
30 November 2023
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
NKA Chartered Certified Accountants
4 Lynedoch Place
Glasgow
G3 6AB
United Kingdom
Date:
29 August 2024
SYLK TECH LTD
Statement of Financial Position
30 November 2023
20232022
Note££
Fixed assets    
Tangible assets 5
8,705
 
8,224
 
Current assets    
Debtors 6
81,739
 
31,740
 
Cash at bank and in hand
135,926
 
294,709
 
217,665
 
326,449
 
Creditors: amounts falling due within one year 7
(46,852
)
(85,509
)
Net current assets
170,813
 
240,940
 
Total assets less current liabilities 179,518   249,164  
Capital and reserves    
Called up share capital
30
 
30
 
Profit and loss account
179,488
 
249,134
 
Shareholders funds
179,518
 
249,164
 
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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 August 2024
, and are signed on behalf of the board by:
Sam Sarkar
Director
Company registration number:
SC549462
SYLK TECH LTD
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
c/o NKA CCA
,
Lynedoch Place
,
Glasgow
,
G3 6AB
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 December 2022
9,676
 
Additions
2,274
 
At
30 November 2023
11,950
 
Depreciation  
At
1 December 2022
1,452
 
Charge
1,793
 
At
30 November 2023
3,245
 
Carrying amount  
At
30 November 2023
8,705
 
At 30 November 2022
8,224
 

6 Debtors

20232022
££
Other debtors
81,739
 
31,740
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
5,000
 
10,000
 
Taxation and social security
41,852
 
75,509
 
46,852
 
85,509