Acorah Software Products - Accounts Production 16.1.200 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11064039 Mr David Holmes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11064039 2023-11-30 11064039 2024-11-30 11064039 2023-12-01 2024-11-30 11064039 frs-core:CurrentFinancialInstruments 2024-11-30 11064039 frs-core:Non-currentFinancialInstruments 2024-11-30 11064039 frs-core:ComputerEquipment 2024-11-30 11064039 frs-core:ComputerEquipment 2023-12-01 2024-11-30 11064039 frs-core:ComputerEquipment 2023-11-30 11064039 frs-core:FurnitureFittings 2024-11-30 11064039 frs-core:FurnitureFittings 2023-12-01 2024-11-30 11064039 frs-core:FurnitureFittings 2023-11-30 11064039 frs-core:ShareCapital 2024-11-30 11064039 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11064039 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11064039 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11064039 frs-bus:SmallEntities 2023-12-01 2024-11-30 11064039 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11064039 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11064039 frs-bus:Director1 2023-12-01 2024-11-30 11064039 frs-bus:Director1 2023-11-30 11064039 frs-bus:Director1 2024-11-30 11064039 frs-core:CurrentFinancialInstruments 1 2024-11-30 11064039 frs-core:CurrentFinancialInstruments 2 2024-11-30 11064039 frs-core:CurrentFinancialInstruments 3 2024-11-30 11064039 frs-core:CurrentFinancialInstruments 5 2024-11-30 11064039 frs-core:CurrentFinancialInstruments 6 2024-11-30 11064039 frs-countries:EnglandWales 2023-12-01 2024-11-30 11064039 2022-11-30 11064039 2023-11-30 11064039 2022-12-01 2023-11-30 11064039 frs-core:CurrentFinancialInstruments 2023-11-30 11064039 frs-core:Non-currentFinancialInstruments 2023-11-30 11064039 frs-core:ShareCapital 2023-11-30 11064039 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11064039 frs-core:CurrentFinancialInstruments 1 2023-11-30 11064039 frs-core:CurrentFinancialInstruments 2 2023-11-30 11064039 frs-core:CurrentFinancialInstruments 3 2023-11-30 11064039 frs-core:CurrentFinancialInstruments 5 2023-11-30 11064039 frs-core:CurrentFinancialInstruments 6 2023-11-30
Registered number: 11064039
Silvergate Wills Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Newton and Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11064039
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,961 2,354
1,961 2,354
CURRENT ASSETS
Stocks 5 54,509 44,235
Debtors 6 137,626 121,423
Cash at bank and in hand 52,667 10,911
244,802 176,569
Creditors: Amounts Falling Due Within One Year 7 (178,818 ) (113,409 )
NET CURRENT ASSETS (LIABILITIES) 65,984 63,160
TOTAL ASSETS LESS CURRENT LIABILITIES 67,945 65,514
Creditors: Amounts Falling Due After More Than One Year 8 (63,901 ) (76,031 )
NET ASSETS/(LIABILITIES) 4,044 (10,517 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 4,043 (10,518 )
SHAREHOLDERS' FUNDS 4,044 (10,517)
Page 1
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For the year ending 30 November 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
Mr David Holmes
Director
30/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Silvergate Wills Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11064039 . The registered office is Silvergate House, 81 Ellison Street, Jarrow, Tyne and Wear, NE32 3JU.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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 year 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.
...CONTINUED
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2.6. Taxation - continued
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 asset reflects 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: 4 (2023: 2)
4 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 4,713 2,335 7,048
Additions - 261 261
As at 30 November 2024 4,713 2,596 7,309
Depreciation
As at 1 December 2023 3,874 820 4,694
Provided during the period 210 444 654
As at 30 November 2024 4,084 1,264 5,348
Net Book Value
As at 30 November 2024 629 1,332 1,961
As at 1 December 2023 839 1,515 2,354
5. Stocks
2024 2023
£ £
Work in progress 54,509 44,235
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 52,626 20,997
Silvergate Mortgages - Loan 39,100 37,000
Loan - First Call Properties Ltd 43,900 39,300
One Quote Property Maintenance Ltd - Loan 2,000 -
Director's loan account - 24,126
137,626 121,423
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,550 4,772
Bank loans and overdrafts 7,096 7,096
Other loans 12,464 12,000
Corporation tax 13,214 310
PAYE & Social Security (Current liabilities - creditors < 1 year) 11,172 15,770
VAT 35,294 17,965
Wages Control Account (Current liabilities - creditors < 1 year) 38 -
Pension Control Account (Current liabilities - creditors < 1 year) 387 428
Credit Card - Capital on Tap 46,737 38,985
Credit Card - American Express 20,350 13,083
Accruals and deferred income 240 3,000
Director's loan account 29,276 -
178,818 113,409
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 31,934 39,031
Other loans 31,967 37,000
63,901 76,031
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr David Holmes 24,126 - - - -
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
Silvergate Wills Ltd has a loan of £43,900 due from First Call Properties Ltd as at 30th Nov 2024. Mr D Holmes is the majority shareholder and director of First Call Properties Ltd.
Silvergate Wills Ltd has traded with Silvergate Mortgages Ltd. A total of £17,000 has been paid to Silvergate Mortgages Ltd for services utilisied in the period. Silvergate Wills has a loan of £39,100 due from Silvergate Mortgages Ltd as at 30th Nov 2024. Mr D Holmes is a director of the company. 
Silvergate Wills Ltd has traded with One Quote Property Maintenace Ltd. A total of £3,000 has been paid to One Quote Property Maintenace Ltd for services utilised in the period. Silvergate Wills Ltd has also loaned One Quote Property Maintenance Ltd £2,000 in the period, the loan remained outstanding as at 30th Nov 2024.
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