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REGISTERED NUMBER: 07212534 (England and Wales)















Unaudited Financial Statements For The Year Ended 30th April 2024

for

Silver Bar Ltd

Silver Bar Ltd (Registered number: 07212534)






Contents of the Financial Statements
For The Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Silver Bar Ltd

Company Information
For The Year Ended 30th April 2024







DIRECTORS: Y Ben-Yair
Mrs E Ben-Yair





REGISTERED OFFICE: 1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX





REGISTERED NUMBER: 07212534 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

Silver Bar Ltd (Registered number: 07212534)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,647 51,258

CURRENT ASSETS
Stocks 32,283 55,437
Debtors 5 331,482 358,044
Cash at bank 56,889 71,773
420,654 485,254
CREDITORS
Amounts falling due within one year 6 195,939 279,087
NET CURRENT ASSETS 224,715 206,167
TOTAL ASSETS LESS CURRENT LIABILITIES 274,362 257,425

CREDITORS
Amounts falling due after more than one year 7 21,667 41,667
NET ASSETS 252,695 215,758

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 252,693 215,756
SHAREHOLDERS' FUNDS 252,695 215,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 1st October 2024 and were signed on its behalf by:





Mrs E Ben-Yair - Director


Silver Bar Ltd (Registered number: 07212534)

Notes to the Financial Statements
For The Year Ended 30th April 2024

1. STATUTORY INFORMATION

Silver Bar Ltd 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 10 (2023 - 10 ) .

Silver Bar Ltd (Registered number: 07212534)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1st May 2023 26,732 160,765 10,620 198,117
Additions - 3,472 2,249 5,721
At 30th April 2024 26,732 164,237 12,869 203,838
DEPRECIATION
At 1st May 2023 - 139,346 7,513 146,859
Charge for year - 6,150 1,182 7,332
At 30th April 2024 - 145,496 8,695 154,191
NET BOOK VALUE
At 30th April 2024 26,732 18,741 4,174 49,647
At 30th April 2023 26,732 21,419 3,107 51,258

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,000 17,500
Amounts owed by participating interests 287,005 339,870
Other debtors 10,477 674
331,482 358,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 39,841 41,954
Amounts owed to participating interests 4,659 -
Taxation and social security 53,220 66,181
Other creditors 78,219 150,952
195,939 279,087

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 21,667 41,667