Registered number
04854085
Silent Roar Limited
Filleted Accounts
31 December 2023
Silent Roar Limited
Registered number: 04854085
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 74,950 68,791
Current assets
Stocks 3,261 3,150
Debtors 5 10,578 13,432
Cash at bank and in hand 51,957 32,928
65,796 49,510
Creditors: amounts falling due within one year 6 (25,357) (4,336)
Net current assets 40,439 45,174
Total assets less current liabilities 115,389 113,965
Creditors: amounts falling due after more than one year 7 (4,284) (7,251)
Provisions for liabilities (14,195) (13,015)
Net assets 96,910 93,699
Capital and reserves
Called up share capital 2 2
Profit and loss account 96,908 93,697
Shareholders' funds 96,910 93,699
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jacqui Barker
Director
Approved by the board on 11 September 2024
Silent Roar Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and Buildings 20% reducing balance
Plant and Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 23,500
At 31 December 2023 23,500
Amortisation
At 1 January 2023 23,500
At 31 December 2023 23,500
Net book value
At 31 December 2023 -
Goodwill has been fully amortised.
4 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 16,968 26,341 63,641 106,950
Additions - 3,581 58,929 62,510
Disposals - - (54,991) (54,991)
At 31 December 2023 16,968 29,922 67,579 114,469
Depreciation
At 1 January 2023 16,719 16,723 4,717 38,159
Charge for the year 50 1,990 1,153 3,193
On disposals - - (1,833) (1,833)
At 31 December 2023 16,769 18,713 4,037 39,519
Net book value
At 31 December 2023 199 11,209 63,542 74,950
At 31 December 2022 249 9,618 58,924 68,791
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