Company Registration No. 11147642 (England and Wales)
SILVERFOX RECORDS LTD
Unaudited accounts
for the year ended 31 January 2024
SILVERFOX RECORDS LTD
Unaudited accounts
Contents
SILVERFOX RECORDS LTD
Company Information
for the year ended 31 January 2024
Company Number
11147642 (England and Wales)
Registered Office
OLIO VILLA , OLIO LANE
ST LUKES ROAD
CHELTENHAM
GLOS
GL53 7JG
ENGLAND
SILVERFOX RECORDS LTD
Statement of financial position
as at 31 January 2024
Tangible assets
344,536
342,986
Inventories
140,500
76,100
Cash at bank and in hand
73,398
119,943
Creditors: amounts falling due within one year
(24,777)
(35,661)
Net current assets
189,121
160,382
Total assets less current liabilities
533,657
503,368
Creditors: amounts falling due after more than one year
(131,000)
(131,000)
Net assets
402,657
372,368
Called up share capital
1
1
Profit and loss account
402,656
372,367
Shareholders' funds
402,657
372,368
For the year ending 31 January 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 June 2024 and were signed on its behalf by
MR.A.PIERCE
Director
Company Registration No. 11147642
SILVERFOX RECORDS LTD
Notes to the Accounts
for the year ended 31 January 2024
SILVERFOX RECORDS LTD is a private company, limited by shares, registered in England and Wales, registration number 11147642. The registered office is OLIO VILLA , OLIO LANE, ST LUKES ROAD, CHELTENHAM, GLOS, GL53 7JG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation charged
Fixtures & fittings
25% per annum on Cost
Computer equipment
25% per annum on Cost
Sales are stated excluding discounts and value added tax
SILVERFOX RECORDS LTD
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
341,060
1,450
476
342,986
At 31 January 2024
341,060
3,000
476
344,536
At 31 January 2024
-
-
-
-
At 31 January 2024
341,060
3,000
476
344,536
At 31 January 2023
341,060
1,450
476
342,986
Finished goods
140,500
76,100
Stock is valued at the lower of cost or net realisable value
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
15,939
27,218
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
131,000
131,000
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).