Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08491402 Mr Adam Ambrose Mr Taylor Reeve iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08491402 2023-04-30 08491402 2024-04-30 08491402 2023-05-01 2024-04-30 08491402 frs-core:CurrentFinancialInstruments 2024-04-30 08491402 frs-core:ComputerEquipment 2024-04-30 08491402 frs-core:ComputerEquipment 2023-05-01 2024-04-30 08491402 frs-core:ComputerEquipment 2023-04-30 08491402 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 08491402 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 08491402 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 08491402 frs-core:MotorVehicles 2024-04-30 08491402 frs-core:MotorVehicles 2023-05-01 2024-04-30 08491402 frs-core:MotorVehicles 2023-04-30 08491402 frs-core:ShareCapital 2024-04-30 08491402 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08491402 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08491402 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08491402 frs-bus:SmallEntities 2023-05-01 2024-04-30 08491402 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08491402 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08491402 frs-bus:Director1 2023-05-01 2024-04-30 08491402 frs-bus:Director2 2023-05-01 2024-04-30 08491402 frs-countries:EnglandWales 2023-05-01 2024-04-30 08491402 2022-04-30 08491402 2023-04-30 08491402 2022-05-01 2023-04-30 08491402 frs-core:CurrentFinancialInstruments 2023-04-30 08491402 frs-core:ShareCapital 2023-04-30 08491402 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 08491402
Silverlined Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08491402
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,195 46,600
39,195 46,600
CURRENT ASSETS
Debtors 5 101,584 54,526
Cash at bank and in hand 166,056 163,897
267,640 218,423
Creditors: Amounts Falling Due Within One Year 6 (174,902 ) (167,611 )
NET CURRENT ASSETS (LIABILITIES) 92,738 50,812
TOTAL ASSETS LESS CURRENT LIABILITIES 131,933 97,412
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,596 ) -
NET ASSETS 128,337 97,412
CAPITAL AND RESERVES
Called up share capital 8 101 101
Profit and Loss Account 128,236 97,311
SHAREHOLDERS' FUNDS 128,337 97,412
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For the year ending 30 April 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 Adam Ambrose
Director
29th January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Silverlined Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08491402 . The registered office is Vaillant House Trident Close, Medway City Estate, Rochester, ME2 4EZ.
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. 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:
Leasehold SLM over 5 years
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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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 statement of comprehensive income 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 50,190 14,958 21,914 87,062
Additions - - 5,692 5,692
Disposals - (3,300 ) - (3,300 )
As at 30 April 2024 50,190 11,658 27,606 89,454
Depreciation
As at 1 May 2023 17,250 9,034 14,178 40,462
Provided during the period 9,350 1,435 2,126 12,911
Disposals - (3,114 ) - (3,114 )
As at 30 April 2024 26,600 7,355 16,304 50,259
...CONTINUED
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Net Book Value
As at 30 April 2024 23,590 4,303 11,302 39,195
As at 1 May 2023 32,940 5,924 7,736 46,600
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 66,094 47,703
Other debtors 35,490 6,823
101,584 54,526
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,968 17,055
Other creditors 56,413 71,942
Taxation and social security 91,521 78,614
174,902 167,611
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Balance at start of the period
-
Amounts advanced
£ 18,400
Amounts repaid
-
Balance at end of period
£ 18,400
The above loan is unsecured, interest free and repayable on demand.
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