PTP Accounts Production v24.2.0.383 06396148 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063961482023-03-31063961482024-03-31063961482023-04-012024-03-31063961482022-03-31063961482022-04-012023-03-31063961482023-03-3106396148ns15:EnglandWales2023-04-012024-03-3106396148ns14:PoundSterling2023-04-012024-03-3106396148ns10:Director12023-04-012024-03-3106396148ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106396148ns10:SmallEntities2023-04-012024-03-3106396148ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106396148ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106396148ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106396148ns10:FullAccounts2023-04-012024-03-3106396148ns10:RegisteredOffice2023-04-012024-03-3106396148ns5:CurrentFinancialInstruments2024-03-3106396148ns5:CurrentFinancialInstruments2023-03-3106396148ns5:Non-currentFinancialInstruments2024-03-3106396148ns5:Non-currentFinancialInstruments2023-03-3106396148ns5:ShareCapital2024-03-3106396148ns5:ShareCapital2023-03-3106396148ns5:RetainedEarningsAccumulatedLosses2024-03-3106396148ns5:RetainedEarningsAccumulatedLosses2023-03-3106396148ns5:FurnitureFittings2023-04-012024-03-3106396148ns5:MotorVehicles2023-04-012024-03-3106396148ns5:ComputerEquipment2023-04-012024-03-3106396148ns5:LandBuildings2023-03-3106396148ns5:FurnitureFittings2023-03-3106396148ns5:MotorVehicles2023-03-3106396148ns5:ComputerEquipment2023-03-3106396148ns5:LandBuildings2023-04-012024-03-3106396148ns5:LandBuildings2024-03-3106396148ns5:FurnitureFittings2024-03-3106396148ns5:MotorVehicles2024-03-3106396148ns5:ComputerEquipment2024-03-3106396148ns5:LandBuildings2023-03-3106396148ns5:FurnitureFittings2023-03-3106396148ns5:MotorVehicles2023-03-3106396148ns5:ComputerEquipment2023-03-3106396148ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106396148ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31063961481ns10:Director12023-03-31063961481ns10:Director12022-03-31063961481ns10:Director12023-04-012024-03-31063961481ns10:Director12022-04-012023-03-31063961481ns10:Director12024-03-31063961481ns10:Director12023-03-31
REGISTERED NUMBER: 06396148 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Silverline Recruitment (UK) Ltd

Silverline Recruitment (UK) Ltd (Registered number: 06396148)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Silverline Recruitment (UK) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Miss Mariana Vasile





REGISTERED OFFICE: 74A High Street
Wanstead
London
E11 2RJ





REGISTERED NUMBER: 06396148 (England and Wales)





ACCOUNTANTS: Ashford Associates UK Limited
Chartered Certified Accountants
74A High Street
Wanstead
London
E11 2RJ

Silverline Recruitment (UK) Ltd (Registered number: 06396148)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 910,899 750,205

CURRENT ASSETS
Debtors 5 1,162,748 260,879
Cash at bank 122,777 34,780
1,285,525 295,659
CREDITORS
Amounts falling due within one year 6 762,555 167,930
NET CURRENT ASSETS 522,970 127,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,433,869

877,934

CREDITORS
Amounts falling due after more than one year 7 (687,592 ) (453,988 )

PROVISIONS FOR LIABILITIES (70,382 ) (38,582 )
NET ASSETS 675,895 385,364

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 675,795 385,264
SHAREHOLDERS' FUNDS 675,895 385,364

Silverline Recruitment (UK) Ltd (Registered number: 06396148)

Statement of Financial Position - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 February 2025 and were signed by:





Miss Mariana Vasile - Director


Silverline Recruitment (UK) Ltd (Registered number: 06396148)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Silverline Recruitment (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment,Fixtures & furniture - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
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 or 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 rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

Silverline Recruitment (UK) Ltd (Registered number: 06396148)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Freehold Equipment,Fixtures Motor Computer
property & furniture vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 510,077 10,163 679,180 21,103 1,220,523
Additions - - 294,500 - 294,500
At 31 March 2024 510,077 10,163 973,680 21,103 1,515,023
DEPRECIATION
At 1 April 2023 - 8,142 442,935 19,241 470,318
Charge for year - 505 132,686 615 133,806
At 31 March 2024 - 8,647 575,621 19,856 604,124
NET BOOK VALUE
At 31 March 2024 510,077 1,516 398,059 1,247 910,899
At 31 March 2023 510,077 2,021 236,245 1,862 750,205

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,162,748 253,879
Other debtors - 7,000
1,162,748 260,879

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 487,395 134,039
Amounts owed to associates 22,461 -
Taxation and social security 238,458 27,780
Other creditors 14,241 6,111
762,555 167,930

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 360,762 392,951
Hire purchase contracts 326,830 61,037
687,592 453,988

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 315,982 315,982
Repayment of Bank Loan (76,517 ) (67,053 )
Funding circle loan 97,186 110,000
Bounce back loan 24,111 34,022
360,762 392,951

Silverline Recruitment (UK) Ltd (Registered number: 06396148)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Miss Mariana Vasile
Balance outstanding at start of year (1,111 ) (15,596 )
Amounts advanced - 14,485
Amounts repaid (13,130 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,241 ) (1,111 )

The above loan was interest free to company and repayable on demand.

ULTIMATE CONTROLLING PARTIES

Ms Mariana Vasile owns 100% shareholding in the company. Therefore, she was the ultimate controlling party.