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Registered number: 08967761
Silver Lion Europe Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Martax Accountants
Chartered Certified Accountants
Unit 113 Kingspark Business Centre
152 - 178 Kingston Road
New Malden
Surrey
KT3 3ST
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08967761
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 420 420
Investments 6 7,136 7,136
7,556 7,556
CURRENT ASSETS
Stocks 7 6,000 21,500
Debtors 8 5,856 10,999
Cash at bank and in hand 34,293 4,333
46,149 36,832
Creditors: Amounts Falling Due Within One Year 9 (14,310 ) (8,470 )
NET CURRENT ASSETS (LIABILITIES) 31,839 28,362
TOTAL ASSETS LESS CURRENT LIABILITIES 39,395 35,918
Creditors: Amounts Falling Due After More Than One Year 10 (38,243 ) (41,178 )
NET ASSETS/(LIABILITIES) 1,152 (5,260 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 1,052 (5,360 )
SHAREHOLDERS' FUNDS 1,152 (5,260)
Page 1
Page 2
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Szilveszter
Director
10 December 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Silver Lion Europe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08967761 . The registered office is Berrycentre, 158 Chiltern Drive, Surbiton, Surrey, KT5 8LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings over 5 years
Computer Equipment over 3 years
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 420
As at 31 March 2024 420
Net Book Value
As at 31 March 2024 420
As at 1 April 2023 420
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 8,021
Additions 185
As at 31 March 2024 8,206
Depreciation
As at 1 April 2023 8,021
Provided during the period 185
As at 31 March 2024 8,206
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
6. Investments
Unlisted
£
Cost
As at 1 April 2023 7,136
As at 31 March 2024 7,136
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 7,136
As at 1 April 2023 7,136
7. Stocks
2024 2023
£ £
Finished goods 6,000 21,500
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,824 7,303
VAT - 2,769
Other taxes and social security 1,032 927
5,856 10,999
Page 4
Page 5
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,047 3,247
VAT 6,279 -
Wages Payable (Current liabilities - creditors < 1 year) 3,451 4,668
Directors' loan accounts 1,533 555
14,310 8,470
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 38,243 41,178
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5