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REGISTERED NUMBER: 07183089 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SILVER & CO DESIGN LTD

SILVER & CO DESIGN LTD (REGISTERED NUMBER: 07183089)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SILVER & CO DESIGN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J Silver





REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 07183089 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

SILVER & CO DESIGN LTD (REGISTERED NUMBER: 07183089)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,964 26,842
22,964 26,842

CURRENT ASSETS
Stocks 33,215 51,100
Debtors 6 66,201 146,905
Cash at bank and in hand 163,449 191,277
262,865 389,282
CREDITORS
Amounts falling due within one year 7 66,801 156,608
NET CURRENT ASSETS 196,064 232,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,028

259,516

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 218,928 259,416
SHAREHOLDERS' FUNDS 219,028 259,516

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SILVER & CO DESIGN LTD (REGISTERED NUMBER: 07183089)

BALANCE SHEET - continued
30 APRIL 2024


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 5 August 2024 and were signed by:





J Silver - Director


SILVER & CO DESIGN LTD (REGISTERED NUMBER: 07183089)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Silver & Co Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, was being amortised evenly over its estimated useful life of 20 years. Following a review during the year ended 30 April 2013, the directors estimate that the amount be amortised over 10 years. During the year ended 30 April 2015, in light of recent accounting best practice, it was estimated by the directors that the useful life of goodwill be amortised over 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures,fittings and equipment - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.


SILVER & CO DESIGN LTD (REGISTERED NUMBER: 07183089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 126,000
AMORTISATION
At 1 May 2023
and 30 April 2024 126,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Cost or valuation at 30 April 2024 is represented by:

Goodwill
£   
Valuation in 2013 (100,000 )
Cost 226,000
126,000

SILVER & CO DESIGN LTD (REGISTERED NUMBER: 07183089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures,fittings
to and Computer
property equipment equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 14,530 22,685 66,233 103,448
DEPRECIATION
At 1 May 2023 - 20,372 56,234 76,606
Charge for year - 578 3,300 3,878
At 30 April 2024 - 20,950 59,534 80,484
NET BOOK VALUE
At 30 April 2024 14,530 1,735 6,699 22,964
At 30 April 2023 14,530 2,313 9,999 26,842

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,046 96,009
Other debtors 161 30,000
Prepayments 15,994 20,896
66,201 146,905

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,473 21,707
Tax 11,321 44,389
Social security and other taxes 1,606 3,059
VAT 24,789 53,059
Other creditors 1,289 32,573
Directors' current accounts - 21
Accrued expenses 7,323 1,800
66,801 156,608

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary £1 100 100

SILVER & CO DESIGN LTD (REGISTERED NUMBER: 07183089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. RESERVES
Retained
earnings
£   

At 1 May 2023 259,416
Profit for the year 37,012
Dividends (77,500 )
At 30 April 2024 218,928