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REGISTERED NUMBER: 04201528 (England and Wales)


















Financial Statements for the Year Ended 30 June 2024

for

Silbase Limited

Silbase Limited (Registered number: 04201528)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Silbase Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: K Izzard
D Izzard





SECRETARY: D Izzard





REGISTERED OFFICE: Woodside Farm Bungalow
Clophill Road
Maulden
Bedford
Bedfordshire
MK45 2AE





REGISTERED NUMBER: 04201528 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU

Silbase Limited (Registered number: 04201528)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,307 204,925

CURRENT ASSETS
Debtors 5 355,157 510,657
Cash at bank and in hand 28,387 10,939
383,544 521,596
CREDITORS
Amounts falling due within one year 6 85,340 295,371
NET CURRENT ASSETS 298,204 226,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

355,511

431,150

CREDITORS
Amounts falling due after more than one
year

7

(168,784

)

(185,768

)

PROVISIONS FOR LIABILITIES (14,327 ) (51,231 )
NET ASSETS 172,400 194,151

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 19,990 19,990
Capital redemption reserve 1 1
Retained earnings 152,309 174,060
SHAREHOLDERS' FUNDS 172,400 194,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Silbase Limited (Registered number: 04201528)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





D Izzard - Director


Silbase Limited (Registered number: 04201528)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Silbase 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.

Rendering of services

Turnover from the sale of services detail is recognised when the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Plant and machinery - 20% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 20% 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 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 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.

Silbase Limited (Registered number: 04201528)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 29,520 676,189 705,709
Additions - 10,103 10,103
Disposals - (533,139 ) (533,139 )
At 30 June 2024 29,520 153,153 182,673
DEPRECIATION
At 1 July 2023 15,405 485,379 500,784
Charge for year 984 28,756 29,740
Eliminated on disposal - (405,158 ) (405,158 )
At 30 June 2024 16,389 108,977 125,366
NET BOOK VALUE
At 30 June 2024 13,131 44,176 57,307
At 30 June 2023 14,115 190,810 204,925

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,962 68,825
Amounts owed by associates 321,050 -
Other debtors 9,145 441,832
355,157 510,657

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,770 30,262
Trade creditors 15,268 168,884
Taxation and social security 646 3,660
Other creditors 61,656 92,565
85,340 295,371

Silbase Limited (Registered number: 04201528)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 3,232 9,412
Other creditors 165,552 176,356
168,784 185,768