2023-04-012024-03-312024-03-31false07172926SILICA 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SILICA LIMITED

Registered Number
07172926
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

SILICA LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

CORNFORTH, Peter Thomas

Registered Address

C/O Tfa Accountants Limited, Arena Business Centre
Holyrood Close
Poole
BH17 7FJ

Registered Number

07172926 (England and Wales)
SILICA LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3244,803142,484
Tangible assets41,2641,690
246,067144,174
Current assets
Current asset investments33
Cash at bank and on hand19,42820,676
19,43120,679
Creditors amounts falling due within one year(2,597)(1,820)
Net current assets (liabilities)16,83418,859
Total assets less current liabilities262,901163,033
Provisions for liabilities(240)(321)
Net assets262,661162,712
Capital and reserves
Called up share capital11
Revaluation reserve93,359687
Profit and loss account169,301162,024
Shareholders' funds262,661162,712
The financial statements were approved and authorised for issue by the Director on 1 November 2024, and are signed on its behalf by:
CORNFORTH, Peter Thomas
Director
Registered Company No. 07172926
SILICA LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at their revalued amount at the end of the year. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Intangible assets

Total

£
Cost or valuation
At 01 April 23142,484
Additions9,647
Revaluations92,672
At 31 March 24244,803
Net book value
At 31 March 24244,803
At 31 March 23142,484
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 237,991
Additions746
At 31 March 248,737
Depreciation and impairment
At 01 April 236,302
Charge for year1,171
At 31 March 247,473
Net book value
At 31 March 241,264
At 31 March 231,690