SILVIAC LIMITED

Company Registration Number:
04730312 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

SILVIAC LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

SILVIAC LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 206 229
Investments: 4 410,000 410,000
Total fixed assets: 410,206 410,229
Current assets
Debtors:   7,405 7,405
Cash at bank and in hand: 48 48
Total current assets: 7,453 7,453
Creditors: amounts falling due within one year: 5 (351,476) (347,501)
Net current assets (liabilities): (344,023) (340,048)
Total assets less current liabilities: 66,183 70,181
Provision for liabilities: (11,366) (11,366)
Total net assets (liabilities): 54,817 58,815
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 54,814 58,812
Shareholders funds: 54,817 58,815

The notes form part of these financial statements

SILVIAC 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 31 January 2025
and signed on behalf of the board by:

Name: R Crosbie
Status: Director

The notes form part of these financial statements

SILVIAC 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

Tangible fixed assets and depreciation policy

Depreciation is provided at the following rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 10% on written down basis Motor vehicles - 10% on written down basis

Valuation and information policy

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Other accounting policies

*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 and 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 rate and laws that have been enacted or substantively enacted by the balance sheet date. *Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

SILVIAC 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

SILVIAC LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 561
At 30 April 2024 561
Depreciation
At 01 May 2023 332
Charge for year 23
At 30 April 2024 355
Net book value
At 30 April 2024 206
At 30 April 2023 229

SILVIAC LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Fixed investments

-

SILVIAC LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

The balance sheet value of £351,476 (2023 - £347,501) can be broken down as follows:- Tax - 2024 -£1,200 / 2023 - £1,200 Director's current account - 2024 - £345,644 / 2023 - £341,869 Accrued expenses - 2024 - £4,632 / 2023 - £4.432