SILVERWELL CAPITAL (NI) LIMITED

Company Registration Number:
NI624033 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

SILVERWELL CAPITAL (NI) LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

SILVERWELL CAPITAL (NI) LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Current assets
Debtors:   75,005 74,235
Cash at bank and in hand: 12,630 4,782
Total current assets: 87,635 79,017
Creditors: amounts falling due within one year: 3 (72,367) (73,457)
Net current assets (liabilities): 15,268 5,560
Total assets less current liabilities: 15,268 5,560
Total net assets (liabilities): 15,268 5,560
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 15,168 5,460
Shareholders funds: 15,268 5,560

The notes form part of these financial statements

SILVERWELL CAPITAL (NI) LIMITED

Balance sheet statements

For the year ending 30 April 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 December 2024
and signed on behalf of the board by:

Name: Eugene O'Boyle
Status: Director

The notes form part of these financial statements

SILVERWELL CAPITAL (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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. 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. 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.

Tangible fixed assets and depreciation policy

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 - 15% Straight Line

SILVERWELL CAPITAL (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

SILVERWELL CAPITAL (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

Corporation Tax - £1790 Other Taxes and social security - £145 Accruals and deferred income - £70,432