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Registered number: 12667904
Silberhorn Media Capital Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12667904
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,440 3,069
2,440 3,069
CURRENT ASSETS
Debtors 5 10,510 13,189
Cash at bank and in hand 203,168 381,520
213,678 394,709
Creditors: Amounts Falling Due Within One Year 6 (26,026 ) (72,240 )
NET CURRENT ASSETS (LIABILITIES) 187,652 322,469
TOTAL ASSETS LESS CURRENT LIABILITIES 190,092 325,538
NET ASSETS 190,092 325,538
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 189,992 325,438
SHAREHOLDERS' FUNDS 190,092 325,538
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
J Baker
Director
21/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Silberhorn Media Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12667904 . The registered office is Office 8, No. 11 Riverside, Riverside Park, Farnham, Surrey, GU9 7UG.
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.The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
2.2. Turnover
Turnover comprises revenue recognised by the company in respect of consultancy services supplied during the year, exclusive of Value Added Tax, and adjusted for accrued and deferred income as necessary. Revenue is recognised in the month that the service is provided.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Computer Equipment 33.33% Straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of
the reporting period.
Current tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.7. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
2.8. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 6,078
Additions 1,638
As at 30 June 2024 7,716
Depreciation
As at 1 July 2023 3,009
Provided during the period 2,267
As at 30 June 2024 5,276
Net Book Value
As at 30 June 2024 2,440
As at 1 July 2023 3,069
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,671 11,034
Prepayments and accrued income 2,839 2,155
10,510 13,189
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,693 2,104
Corporation tax 1,354 31,775
Taxes and social security 4,379 3,731
Accruals and deferred income 5,338 1,920
Director's loan account 13,262 32,710
26,026 72,240
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
8. Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9. Related Party Transactions
At the Balance Sheet date the company owed £13,262 (2023: £32,710) was owed to the director.
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