Registered number
08693916
SILO & EFE LTD
Filleted Accounts
30 September 2024
SILO & EFE LTD
Registered number: 08693916
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 57,718 65,653
Current assets
Stocks 3,004 17,750
Cash at bank and in hand 23,195 13,186
26,199 30,936
Creditors: amounts falling due within one year 4 (44,836) (54,397)
Net current liabilities (18,637) (23,461)
Total assets less current liabilities 39,081 42,192
Creditors: amounts falling due after more than one year 5 (17,517) (29,957)
Net assets 21,564 12,235
Capital and reserves
Called up share capital 1 1
Profit and loss account 21,563 12,234
Shareholder's funds 21,564 12,235
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Yunus Emre Ganidagli
Director
Approved by the board on 20 March 2025
SILO & EFE LTD
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Plant and machinery 20% reducing balance
Motor vehicle 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Equipment, fixtures and fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 64,678 16,604 49,267 130,549
Additions - 6,495 - 6,495
At 30 September 2024 64,678 23,099 49,267 137,044
Depreciation
At 1 October 2023 38,832 6,892 19,172 64,896
Charge for the year 6,468 1,943 6,019 14,430
At 30 September 2024 45,300 8,835 25,191 79,326
Net book value
At 30 September 2024 19,378 14,264 24,076 57,718
At 30 September 2023 25,846 9,712 30,095 65,653
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,158 26,518
Taxation and social security costs 11,646 5,511
Other creditors 25,032 22,368
44,836 54,397
5 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 17,517 29,957
6 Other information
SILO & EFE LTD is a private company limited by shares and incorporated in England. Its registered office is:
3 Cawley Hatch
Harlow
Essex
UK
CM19 5AN
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