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REGISTERED NUMBER: 10198631 (England and Wales)















Abridged Financial Statements for the Year Ended 31 May 2024

for

Siloc Creativ Ltd

Siloc Creativ Ltd (Registered number: 10198631)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Siloc Creativ Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Ms C Tack





SECRETARY: Carrington-may Limited





REGISTERED OFFICE: 31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW





REGISTERED NUMBER: 10198631 (England and Wales)





ACCOUNTANTS: Carrington-May
Chartered Certified Accountants
31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW

Siloc Creativ Ltd (Registered number: 10198631)

Abridged Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,291 1,884

CURRENT ASSETS
Stocks 1,790 2,120
Debtors 13,178 13,289
Cash at bank 2,068 5,355
17,036 20,764
CREDITORS
Amounts falling due within one year 14,122 16,439
NET CURRENT ASSETS 2,914 4,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,205

6,209

CREDITORS
Amounts falling due after more than one
year

(3,361

)

(5,274

)

PROVISIONS FOR LIABILITIES (245 ) (358 )
NET ASSETS 599 577

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 499 477
SHAREHOLDERS' FUNDS 599 577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Siloc Creativ Ltd (Registered number: 10198631)

Abridged Statement of Financial Position - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:





Ms C Tack - Director


Siloc Creativ Ltd (Registered number: 10198631)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Siloc Creativ Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director has considered the future cash flow and profitability of the company and considers the going concern basis of preparation to be appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Siloc Creativ Ltd (Registered number: 10198631)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 2,369
DEPRECIATION
At 1 June 2023 485
Charge for year 593
At 31 May 2024 1,078
NET BOOK VALUE
At 31 May 2024 1,291
At 31 May 2023 1,884

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the Balance Sheet date the sum of £9,958 (2023 - £9,903) was owed by the director to the company. £9,958 was the maximum amount outstanding.Interest has not been accrued or paid on the sum outstanding.This sum has been fully repaid post year end.