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REGISTERED NUMBER: 09719458 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

SILVERLINE CONSTRUCTION LIMITED

SILVERLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09719458)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SILVERLINE CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: J Phillips





REGISTERED OFFICE: The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 09719458 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

SILVERLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09719458)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,805 15,614

CURRENT ASSETS
Stocks 5 19,475 19,475
Cash at bank 13,627 97,749
33,102 117,224
CREDITORS
Amounts falling due within one year 6 44,708 93,021
NET CURRENT (LIABILITIES)/ASSETS (11,606 ) 24,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,801

)

39,817

PROVISIONS FOR LIABILITIES 7 2,201 3,358
NET (LIABILITIES)/ASSETS (5,002 ) 36,459

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,004 ) 36,457
SHAREHOLDERS' FUNDS (5,002 ) 36,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 13 September 2024 and were signed by:





J Phillips - Director


SILVERLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09719458)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Silverline Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SILVERLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09719458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 28,392 15,500 43,892
DEPRECIATION
At 1 August 2023 16,653 11,625 28,278
Charge for year 2,934 3,875 6,809
At 31 July 2024 19,587 15,500 35,087
NET BOOK VALUE
At 31 July 2024 8,805 - 8,805
At 31 July 2023 11,739 3,875 15,614

5. STOCKS
2024 2023
£    £   
Work-in-progress 19,475 19,475

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,817 858
Capital on Tap - Credit Card 256 5,900
Tax - 24,417
Social security and other taxes 139 297
VAT 527 17,425
Directors' current accounts 40,669 42,874
Accrued expenses 1,300 1,250
44,708 93,021

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred Tax Provision B/Fwd 3,358 4,446
Deferred Tax Provision in Year (1,157 ) (1,088 )
2,201 3,358

Deferred
tax
£   
Balance at 1 August 2023 3,358
Provided during year (1,157 )
Accelerated Capital Allowances
Balance at 31 July 2024 2,201

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Mr J Phillips decreased his loan to the company. As at 31st July 2024, the company owed him £40,669 (2023: £42,874). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

SILVERLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09719458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.