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Company Registration No. 04206214 (England and Wales)
Silver Imitation Accessories (SIA) Ltd. Unaudited accounts for the year ended 30 April 2024
Silver Imitation Accessories (SIA) Ltd. Unaudited accounts Contents
Page
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Silver Imitation Accessories (SIA) Ltd. Company Information for the year ended 30 April 2024
Directors
Nimisha Mamtora Tushar Bhagwanji Mamtora
Secretary
Nimisha Mamtora
Company Number
04206214 (England and Wales)
Registered Office
8 Fulham Broadway London SW6 1AA England
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Silver Imitation Accessories (SIA) Ltd. Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
1 
Tangible assets
2,663,479 
2,671,665 
2,663,480 
2,671,666 
Current assets
Inventories
15,250 
16,100 
Debtors
1,627,504 
1,467,297 
Cash at bank and in hand
148,593 
254,434 
1,791,347 
1,737,831 
Creditors: amounts falling due within one year
(389,188)
(555,020)
Net current assets
1,402,159 
1,182,811 
Total assets less current liabilities
4,065,639 
3,854,477 
Creditors: amounts falling due after more than one year
(1,518,904)
(1,567,613)
Provisions for liabilities
Deferred tax
(30,782)
(30,782)
Net assets
2,515,953 
2,256,082 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,515,951 
2,256,080 
Shareholders' funds
2,515,953 
2,256,082 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
Tushar Bhagwanji Mamtora Director Company Registration No. 04206214
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Silver Imitation Accessories (SIA) Ltd. Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Silver Imitation Accessories (SIA) Ltd. is a private company, limited by shares, registered in England and Wales, registration number 04206214. The registered office is 8 Fulham Broadway , London, SW6 1AA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives using the straight-line method. The rates applicable are:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
25% Reducing Balance
Stock
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Government grants
Grants received in relation to the Coronavirus Job Retention Scheme have been offset against employee costs. Grants received for Business Rates Relief and Small Business Grant Fund are recognised in the profit and loss account as other income
Pension costs
The company operates a defined contribution scheme for the benefit of its directors and employees. The contributions payable are recognised in the profit and loss account when they fall due. Amounts due at the year end are shown in accruals as Creditors.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Silver Imitation Accessories (SIA) Ltd. Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
44,439 
At 30 April 2024
44,439 
Amortisation
At 1 May 2023
44,438 
At 30 April 2024
44,438 
Net book value
At 30 April 2024
1 
At 30 April 2023
1 
Intangible assets are being written off in equal annual instalments over its estimated economic life.
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
2,592,555 
71,412 
302,457 
6,951 
2,973,375 
Additions
- 
- 
4,679 
- 
4,679 
At 30 April 2024
2,592,555 
71,412 
307,136 
6,951 
2,978,054 
Depreciation
At 1 May 2023
- 
59,996 
237,726 
3,988 
301,710 
Charge for the year
- 
1,712 
10,412 
741 
12,865 
At 30 April 2024
- 
61,708 
248,138 
4,729 
314,575 
Net book value
At 30 April 2024
2,592,555 
9,704 
58,998 
2,222 
2,663,479 
At 30 April 2023
2,592,555 
11,416 
64,731 
2,963 
2,671,665 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
20,875 
31,844 
Other debtors
1,596,629 
1,425,453 
1,617,504 
1,457,297 
Amounts falling due after more than one year
Other debtors
10,000 
10,000 
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Silver Imitation Accessories (SIA) Ltd. Notes to the Accounts for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
55,913 
71,424 
Trade creditors
129,041 
156,409 
Taxes and social security
111,302 
192,199 
Other creditors
150 
146 
Loans from directors
6,999 
28,096 
Accruals
85,783 
106,746 
389,188 
555,020 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
602,657 
691,366 
Other creditors
916,247 
876,247 
1,518,904 
1,567,613 
9
Transactions with related parties
Included within Debtors are amounts due from Rescom Ltd and Devonshire Property Enterprises Ltd. Creditors include amounts due to Sia Beauty Ltd. The loans are unsecured and interest free. Mr Tushar Mamtora and Mrs Nimisha Mamtora are shareholders and directors of each of these companies.
10
Average number of employees
During the year the average number of employees was 52 (2023: 52).
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