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REGISTERED NUMBER: 08040845 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

SILENT GLISS GLOBAL LIMITED

SILENT GLISS GLOBAL LIMITED (REGISTERED NUMBER: 08040845)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


SILENT GLISS GLOBAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: B Bratschi
P Bronnimann
Silent Gliss Holding Limited
M Lauper





REGISTERED OFFICE: Pyramid Business Park
Poorhole Lane
Broadstairs
Kent
CT10 2PT





REGISTERED NUMBER: 08040845 (England and Wales)





AUDITORS: Spain Brothers & Co
Chartered Accountants and Statutory Auditors
Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE

SILENT GLISS GLOBAL LIMITED (REGISTERED NUMBER: 08040845)

ABRIDGED BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 441 624

CURRENT ASSETS
Debtors 632,021 621,365
Cash at bank 266,059 162,227
898,080 783,592
CREDITORS
Amounts falling due within one year 332,073 346,589
NET CURRENT ASSETS 566,007 437,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,448

437,627

CAPITAL AND RESERVES
Called up share capital 300,000 300,000
Retained earnings 266,448 137,627
SHAREHOLDERS' FUNDS 566,448 437,627

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th March 2024 and were signed on its behalf by:





P Bronnimann - Director


SILENT GLISS GLOBAL LIMITED (REGISTERED NUMBER: 08040845)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Silent Gliss Global Limited (the company) 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.

The nature of the company's operations and principal activities is that of suppliers, under licence, of specialised curtain track and blind systems.

2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements are presented in sterling which is the functional currency of the company. There is no rounding.

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

Turnover is recognised when risks and rewards are transferred on despatch of goods.

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 equipment - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and any accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

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.


SILENT GLISS GLOBAL LIMITED (REGISTERED NUMBER: 08040845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 7,809
Disposals (3,308 )
At 31st December 2023 4,501
DEPRECIATION
At 1st January 2023 7,185
Charge for year 183
Eliminated on disposal (3,308 )
At 31st December 2023 4,060
NET BOOK VALUE
At 31st December 2023 441
At 31st December 2022 624

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Paul Flood BFP FCA (Senior Statutory Auditor)
for and on behalf of Spain Brothers & Co

SILENT GLISS GLOBAL LIMITED (REGISTERED NUMBER: 08040845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


7. RELATED PARTY DISCLOSURES

In the year ended 31st December 2023, the company's turnover and other income, including management time, with other group companies amounted to £419,872 (2022 £137,133) and the company purchased services, products and management time to the value of £2,248,237 (2022 £2,152,119).

Amounts owed to other group companies of £201,587 (2022 £193,990) are included in creditors, and amounts owed by other group companies of £178,466 (2022 £141,940) are included in debtors, at the year end.

8. PARENT UNDERTAKING AND ULTIMATE CONTROLLING PARTY

The parent undertaking is Silent Gliss Limited, a company incorporated in England and Wales. Their registered office is Pyramid Business Park, Poorhole Lane, Broadstairs, Kent, CT10 2PT.

The ultimate parent undertaking and controlling party is Silent Gliss Holding AG, a company incorporated in Switzerland.