Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12039590 Mr Timothy Finch Mrs Ruoyan Li Ep Wang Mrs Ruoyan Li Ep Wang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12039590 2022-12-31 12039590 2023-12-31 12039590 2023-01-01 2023-12-31 12039590 frs-core:CurrentFinancialInstruments 2023-12-31 12039590 frs-core:SharePremium 2023-12-31 12039590 frs-core:ShareCapital 2023-12-31 12039590 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12039590 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12039590 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12039590 frs-bus:SmallEntities 2023-01-01 2023-12-31 12039590 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12039590 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12039590 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 12039590 frs-bus:OrdinaryShareClass1 2023-12-31 12039590 frs-bus:Director1 2023-01-01 2023-12-31 12039590 frs-bus:Director2 2023-01-01 2023-12-31 12039590 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 12039590 frs-countries:EnglandWales 2023-01-01 2023-12-31 12039590 2021-12-31 12039590 2022-12-31 12039590 2022-01-01 2022-12-31 12039590 frs-core:CurrentFinancialInstruments 2022-12-31 12039590 frs-core:SharePremium 2022-12-31 12039590 frs-core:ShareCapital 2022-12-31 12039590 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 12039590 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 12039590
Silicon Silk Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
SAS Accounting Services Ltd
The Colchester Centre
Hawkins Road
Colchester
CO2 8JX
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2
Page 1
Statement of Financial Position
Registered number: 12039590
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 4,119 4,107
Cash at bank and in hand 63,773 52,073
67,892 56,180
Creditors: Amounts Falling Due Within One Year 5 (28,195 ) (14,944 )
NET CURRENT ASSETS (LIABILITIES) 39,697 41,236
TOTAL ASSETS LESS CURRENT LIABILITIES 39,697 41,236
NET ASSETS 39,697 41,236
CAPITAL AND RESERVES
Called up share capital 6 125,000 125,000
Share premium account 95,250 95,250
Income Statement (180,553 ) (179,014 )
SHAREHOLDERS' FUNDS 39,697 41,236
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs Ruoyan Li Ep Wang
Director
3rd September 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Silicon Silk Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12039590 . The registered office is 128 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Debtors
2023 2022
£ £
Due within one year
VAT 4,119 4,107
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 27
Accruals and deferred income 600 600
Directors' loan accounts 27,595 14,317
28,195 14,944
6. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1,000,000 Ordinary Shares of £ 0.1250 each 125,000 125,000
Page 2