Registered number
12923616
Silverwood Construction Services Ltd
Filleted Accounts
31 October 2024
Silverwood Construction Services Ltd
Registered number: 12923616
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,487 13,717
Current assets
Debtors 4 36,659 44,828
Cash at bank and in hand 13,394 73,006
50,053 117,834
Creditors: amounts falling due within one year 5 (14,244) (43,459)
Net current assets 35,809 74,375
Net assets 45,296 88,092
Capital and reserves
Called up share capital 1 1
Profit and loss account 45,295 88,091
Shareholder's funds 45,296 88,092
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Jeffries
Director
Approved by the board on 10 January 2025
Silverwood Construction Services Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and Machinery over 5 years
Motor vehicles over 5 years
Office and computer equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 2,671 27,200 1,514 31,385
Additions 1,143 - 1,415 2,558
At 31 October 2024 3,814 27,200 2,929 33,943
Depreciation
At 1 November 2023 895 16,320 453 17,668
Charge for the year 763 5,440 585 6,788
At 31 October 2024 1,658 21,760 1,038 24,456
Net book value
At 31 October 2024 2,156 5,440 1,891 9,487
At 31 October 2023 1,776 10,880 1,061 13,717
4 Debtors 2024 2023
£ £
Trade debtors 33,459 25,339
Other debtors 3,200 19,489
36,659 44,828
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts due to director 57 882
Taxation and social security costs 13,187 41,627
Other creditors 1,000 950
14,244 43,459
6 Other information
Silverwood Construction Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
40 St. Marys Way
Longfield
England
DA3 7PD
Silverwood Construction Services Ltd 12923616 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 S Jeffries No description of principal activity 12923616 2022-11-01 2023-10-31 12923616 core:WithinOneYear 2023-10-31 12923616 core:ShareCapital 2023-10-31 12923616 core:RetainedEarningsAccumulatedLosses 2023-10-31 12923616 2023-11-01 2024-10-31 12923616 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12923616 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12923616 bus:Director40 2023-11-01 2024-10-31 12923616 1 2023-11-01 2024-10-31 12923616 2 2023-11-01 2024-10-31 12923616 core:LandBuildings 2023-11-01 2024-10-31 12923616 core:PlantMachinery 2023-11-01 2024-10-31 12923616 core:Vehicles 2023-11-01 2024-10-31 12923616 countries:England 2023-11-01 2024-10-31 12923616 bus:FRS102 2023-11-01 2024-10-31 12923616 bus:FilletedAccounts 2023-11-01 2024-10-31 12923616 2024-10-31 12923616 core:WithinOneYear 2024-10-31 12923616 core:ShareCapital 2024-10-31 12923616 core:RetainedEarningsAccumulatedLosses 2024-10-31 12923616 core:LandBuildings 2024-10-31 12923616 core:PlantMachinery 2024-10-31 12923616 core:Vehicles 2024-10-31 12923616 2023-10-31 12923616 core:LandBuildings 2023-10-31 12923616 core:PlantMachinery 2023-10-31 12923616 core:Vehicles 2023-10-31 iso4217:GBP xbrli:pure