BrightAccountsProduction v1.0.0 v1.0.0 2023-09-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is construction of utility projects for electricity and telecommunications. 12 December 2024 3 3 NI647577 2024-08-31 NI647577 2023-08-31 NI647577 2022-08-31 NI647577 2023-09-01 2024-08-31 NI647577 2022-09-01 2023-08-31 NI647577 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI647577 uk-curr:PoundSterling 2023-09-01 2024-08-31 NI647577 uk-bus:AbridgedAccounts 2023-09-01 2024-08-31 NI647577 uk-core:ShareCapital 2024-08-31 NI647577 uk-core:ShareCapital 2023-08-31 NI647577 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI647577 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI647577 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-08-31 NI647577 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-08-31 NI647577 uk-core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 NI647577 uk-bus:FRS102 2023-09-01 2024-08-31 NI647577 uk-core:PlantMachinery 2023-09-01 2024-08-31 NI647577 uk-core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 NI647577 2023-09-01 2024-08-31 NI647577 uk-bus:Director1 2023-09-01 2024-08-31 NI647577 uk-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Silverhill Contracts Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 August 2024



Silverhill Contracts Limited
DIRECTOR'S REPORT
for the financial year ended 31 August 2024

 
The director presents their report and the unaudited financial statements for the financial year ended 31 August 2024.
     
Director
The director who served during the financial year is as follows:
     
Daniel Breslin
   
There were no changes in shareholdings between 31 August 2024 and the date of signing the financial statements.
     
In accordance with the Constitution, the director retire by rotation and, being eligible, offer themselves for re-election.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Daniel Breslin
Director
     
12 December 2024



Silverhill Contracts Limited
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 31 August 2024
2024 2023
Notes £ £

Gross profit 173,306 657,935
 
Administrative expenses (207,949) (522,004)
Other operating income - 17,000
───────── ─────────
Operating (loss)/profit (34,643) 152,931
 
Interest payable and similar expenses (14,695) (13,364)
───────── ─────────
(Loss)/profit before taxation (49,338) 139,567
 
Tax on (loss)/profit (391) (24,198)
───────── ─────────
(Loss)/profit for the financial year (49,729) 115,369
───────── ─────────
Total comprehensive income (49,729) 115,369
    ═════════   ═════════



Silverhill Contracts Limited
Company Registration Number: NI647577
ABRIDGED BALANCE SHEET
as at 31 August 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 573,334 624,085
───────── ─────────
 
Current Assets
Debtors 41,535 403,700
Creditors: amounts falling due within one year 329,910 35,591
───────── ─────────
Net Current Assets 371,445 439,291
───────── ─────────
Total Assets less Current Liabilities 944,779 1,063,376
 
Creditors:
amounts falling due after more than one year (30,668) (99,536)
───────── ─────────
Net Assets 914,111 963,840
═════════ ═════════
 
Capital and Reserves
Called up share capital 1,500 1,500
Retained earnings 912,611 962,340
───────── ─────────
Equity attributable to owners of the company 914,111 963,840
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 12 December 2024
           
           
________________________________          
Daniel Breslin          
Director          
           



Silverhill Contracts Limited
STATEMENT OF CHANGES IN EQUITY
as at 31 August 2024

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 September 2022 1,500 846,971 848,471
───────── ───────── ─────────
Profit for the financial year - 115,369 115,369
───────── ───────── ─────────
At 31 August 2023 1,500 962,340 963,840
  ───────── ───────── ─────────
Loss for the financial year - (49,729) (49,729)
  ───────── ───────── ─────────
At 31 August 2024 1,500 912,611 914,111
  ═════════ ═════════ ═════════



Silverhill Contracts Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 August 2024

   
1. General Information
 
Silverhill Contracts Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI647577. The registered office of the company is 8 Lawrence Hill, Derry, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is construction of utility projects for electricity and telecommunications. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 August 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 25% Reducing balance
  Fixtures, fittings and equipment - 25% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at 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 where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 3, (2023 - 3).
 
  2024 2023
  Number Number
 
General 3 3
  ═════════ ═════════
         
4. Tangible assets
  Plant and Fixtures, Total
  machinery fittings and  
    equipment  
  £ £ £
Cost
At 1 September 2023 1,111,765 13,741 1,125,506
Additions 275,282 - 275,282
Disposals (246,663) - (246,663)
  ───────── ───────── ─────────
At 31 August 2024 1,140,384 13,741 1,154,125
  ───────── ───────── ─────────
Depreciation
At 1 September 2023 494,982 6,439 501,421
Charge for the financial year 189,289 1,826 191,115
On disposals (111,745) - (111,745)
  ───────── ───────── ─────────
At 31 August 2024 572,526 8,265 580,791
  ───────── ───────── ─────────
Net book value
At 31 August 2024 567,858 5,476 573,334
  ═════════ ═════════ ═════════
At 31 August 2023 616,783 7,302 624,085
  ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 August 2024.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.