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REGISTERED NUMBER: 08414848 (England and Wales)















Financial Statements

for the Period 28th February 2023 to 28th February 2024

for

SILVER ARC LIMITED

SILVER ARC LIMITED (REGISTERED NUMBER: 08414848)






Contents of the Financial Statements
FOR THE PERIOD 28TH FEBRUARY 2023 TO 28TH FEBRUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


SILVER ARC LIMITED

Company Information
FOR THE PERIOD 28TH FEBRUARY 2023 TO 28TH FEBRUARY 2024







DIRECTORS: Mr Abid Hussain
Mr Usman Zahoor





REGISTERED OFFICE: 1 Quality Court
Chancery Lane
London
WC2A 1HR





REGISTERED NUMBER: 08414848 (England and Wales)





ACCOUNTANTS: Silver Arc
Chartered Certified Accountants
1 Quality Court
Chancery Lane
London
WC2A 1HR

SILVER ARC LIMITED (REGISTERED NUMBER: 08414848)

Abridged Balance Sheet
28TH FEBRUARY 2024

28/2/24 27/2/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 20,530 27,198

CURRENT ASSETS
Debtors 284,871 177,147
Cash at bank and in hand 24,741 35,400
309,612 212,547
CREDITORS
Amounts falling due within one year (275,357 ) (194,119 )
NET CURRENT ASSETS 34,255 18,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,785

45,626

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,685 45,526
SHAREHOLDERS' FUNDS 54,785 45,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 28th February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11th March 2025 and were signed on its behalf by:



Mr Usman Zahoor - Director


SILVER ARC LIMITED (REGISTERED NUMBER: 08414848)

Notes to the Financial Statements
FOR THE PERIOD 28TH FEBRUARY 2023 TO 28TH FEBRUARY 2024

1. STATUTORY INFORMATION

Silver Arc Limited 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 each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
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 period 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.

SILVER ARC LIMITED (REGISTERED NUMBER: 08414848)

Notes to the Financial Statements - continued
FOR THE PERIOD 28TH FEBRUARY 2023 TO 28TH FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 28th February 2023 58,952
Additions 5,128
At 28th February 2024 64,080
DEPRECIATION
At 28th February 2023 31,754
Charge for period 11,796
At 28th February 2024 43,550
NET BOOK VALUE
At 28th February 2024 20,530
At 27th February 2023 27,198