Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13488512 Mr Richard Lyttle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13488512 2023-07-31 13488512 2024-07-31 13488512 2023-08-01 2024-07-31 13488512 frs-core:CurrentFinancialInstruments 2024-07-31 13488512 frs-core:ComputerEquipment 2024-07-31 13488512 frs-core:ComputerEquipment 2023-08-01 2024-07-31 13488512 frs-core:ComputerEquipment 2023-07-31 13488512 frs-core:ShareCapital 2024-07-31 13488512 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13488512 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13488512 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13488512 frs-bus:SmallEntities 2023-08-01 2024-07-31 13488512 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13488512 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13488512 frs-bus:Director1 2023-08-01 2024-07-31 13488512 frs-core:CurrentFinancialInstruments 1 2024-07-31 13488512 frs-countries:EnglandWales 2023-08-01 2024-07-31 13488512 2022-07-31 13488512 2023-07-31 13488512 2022-08-01 2023-07-31 13488512 frs-core:CurrentFinancialInstruments 2023-07-31 13488512 frs-core:ShareCapital 2023-07-31 13488512 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 13488512 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 13488512
Silverxchange Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13488512
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 991 -
991 -
CURRENT ASSETS
Stocks 5 17,750 25,470
Debtors 6 1,267 -
Cash at bank and in hand 602 39,626
19,619 65,096
Creditors: Amounts Falling Due Within One Year 7 (134,194 ) (143,585 )
NET CURRENT ASSETS (LIABILITIES) (114,575 ) (78,489 )
TOTAL ASSETS LESS CURRENT LIABILITIES (113,584 ) (78,489 )
NET LIABILITIES (113,584 ) (78,489 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (113,684 ) (78,589 )
SHAREHOLDERS' FUNDS (113,584) (78,489)
Page 1
Page 2
For the year ending 31 July 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 Richard Lyttle
Director
19/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Silverxchange Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13488512 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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. 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.
2.3. 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:
Computer Equipment 15% WDV
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 -
Additions 1,166
As at 31 July 2024 1,166
Depreciation
As at 1 August 2023 -
Provided during the period 175
As at 31 July 2024 175
...CONTINUED
Page 3
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Net Book Value
As at 31 July 2024 991
As at 1 August 2023 -
5. Stocks
2024 2023
£ £
Stock 17,750 25,470
6. Debtors
2024 2023
£ £
Due within one year
VAT 1,267 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,001 1,100
VAT - 3,072
Other creditors 4,372 4,467
Inter company account 121,510 125,913
Director's loan account 7,311 9,033
134,194 143,585
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included in the Other Creditors is an amount owed to the company director Mr R Lyttle totalling £7,311 (2023 - £9,033), no interest is to be charged.
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