Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr M P Lacey 08/08/2018 Mrs S B Lacey 27/11/2013 01 November 2024 The principal activity of the Company during the financial year was that of general management consultancy activities. 08792541 2024-03-31 08792541 bus:Director1 2024-03-31 08792541 bus:Director2 2024-03-31 08792541 2023-03-31 08792541 core:CurrentFinancialInstruments 2024-03-31 08792541 core:CurrentFinancialInstruments 2023-03-31 08792541 core:ShareCapital 2024-03-31 08792541 core:ShareCapital 2023-03-31 08792541 core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 08792541 core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 08792541 core:RetainedEarningsAccumulatedLosses 2024-03-31 08792541 core:RetainedEarningsAccumulatedLosses 2023-03-31 08792541 core:OtherPropertyPlantEquipment 2023-03-31 08792541 core:OtherPropertyPlantEquipment 2024-03-31 08792541 core:CostValuation 2023-03-31 08792541 core:DisposalsRepaymentsInvestments 2024-03-31 08792541 core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 08792541 core:CostValuation 2024-03-31 08792541 2023-04-01 2024-03-31 08792541 bus:FilletedAccounts 2023-04-01 2024-03-31 08792541 bus:SmallEntities 2023-04-01 2024-03-31 08792541 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08792541 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08792541 bus:Director1 2023-04-01 2024-03-31 08792541 bus:Director2 2023-04-01 2024-03-31 08792541 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-04-01 2024-03-31 08792541 2022-04-01 2023-03-31 08792541 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 08792541 (England and Wales)

S B LACEY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

S B LACEY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

S B LACEY LIMITED

BALANCE SHEET

As at 31 March 2024
S B LACEY LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,044 0
Investments 4 121,070 109,776
122,114 109,776
Current assets
Cash at bank and in hand 38,425 44,366
38,425 44,366
Creditors: amounts falling due within one year 5 ( 1,237) ( 1,292)
Net current assets 37,188 43,074
Total assets less current liabilities 159,302 152,850
Provision for liabilities ( 4,378) ( 1,908)
Net assets 154,924 150,942
Capital and reserves
Called-up share capital 100 100
Fair value reserve 16,152 8,209
Profit and loss account 138,672 142,633
Total shareholders' funds 154,924 150,942

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of S B Lacey Limited (registered number: 08792541) were approved and authorised for issue by the Board of Directors on 01 November 2024. They were signed on its behalf by:

Mrs S B Lacey
Director
S B LACEY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
S B LACEY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

S B Lacey Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 33 Lower Blandford Road, Shaftesbury, Dorset, SP7 8NR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover consists of income from general management consultancy and is recognised when those services are provided.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation


Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 898 898
Additions 1,139 1,139
Disposals ( 898) ( 898)
At 31 March 2024 1,139 1,139
Accumulated depreciation
At 01 April 2023 898 898
Charge for the financial year 95 95
Disposals ( 898) ( 898)
At 31 March 2024 95 95
Net book value
At 31 March 2024 1,044 1,044
At 31 March 2023 0 0

4. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 April 2023 109,776 109,776
Disposals ( 665) ( 665)
Movement in fair value 11,959 11,959
At 31 March 2024 121,070 121,070
Carrying value at 31 March 2024 121,070 121,070
Carrying value at 31 March 2023 109,776 109,776

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 1,237 1,292