SILVER COMMERCE LIMITED

Company Registration Number:
11880863 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

SILVER COMMERCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SILVER COMMERCE LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 3,995,471 2,518,658
Cost of sales: ( 2,485,415 ) ( 1,511,195 )
Gross profit(or loss): 1,510,056 1,007,463
Distribution costs: ( 154,254 ) ( 101,650 )
Administrative expenses: ( 441,452 ) ( 311,101 )
Operating profit(or loss): 914,350 594,712
Profit(or loss) before tax: 914,350 594,712
Tax: ( 203,587 ) ( 107,049 )
Profit(or loss) for the financial year: 710,763 487,663

SILVER COMMERCE LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 921,579 757,726
Total fixed assets: 921,579 757,726
Current assets
Stocks: 4 798,565 286,142
Debtors: 5 458,999 309,816
Cash at bank and in hand: 262,198 127,050
Total current assets: 1,519,762 723,008
Creditors: amounts falling due within one year: 6 ( 411,266 ) ( 161,422 )
Net current assets (liabilities): 1,108,496 561,586
Total assets less current liabilities: 2,030,075 1,319,312
Total net assets (liabilities): 2,030,075 1,319,312
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,030,074 1,319,311
Total Shareholders' funds: 2,030,075 1,319,312

The notes form part of these financial statements

SILVER COMMERCE LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 29 November 2024
and signed on behalf of the board by:

Name: Rosalie Elaine Sharland
Status: Director

The notes form part of these financial statements

SILVER COMMERCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SILVER COMMERCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 13 8

SILVER COMMERCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 465,000 102,774 54,862 128,098 185,028 935,762
Additions 21,110 42,158 94,765 85,514 243,547
Disposals
Revaluations 76,693 76,693
Transfers
At 31 March 2024 541,693 123,884 97,020 222,863 270,542 1,256,002
Depreciation
At 1 April 2023 25,938 21,756 62,853 67,489 178,036
Charge for year 24,776 19,404 44,572 67,635 156,387
On disposals
Other adjustments
At 31 March 2024 50,714 41,160 107,425 135,124 334,423
Net book value
At 31 March 2024 541,693 73,170 55,860 115,438 135,418 921,579
At 31 March 2023 465,000 76,836 33,106 65,245 117,539 757,726

SILVER COMMERCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 798,565 286,142
Total 798,565 286,142

SILVER COMMERCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 458,999 309,816
Total 458,999 309,816

SILVER COMMERCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 155,194 54,373
Taxation and social security 256,072 107,049
Total 411,266 161,422