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SILVER LAVA LIMITED

Registered Number
10830559
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

SILVER LAVA LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Mr P Solanki

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

10830559 (England and Wales)
SILVER LAVA LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets314,88917,681
Tangible assets41,7972,246
16,68619,927
Current assets
Stocks4,4084,622
Debtors513,34741,708
Cash at bank and on hand65,595101,853
83,350148,183
Creditors amounts falling due within one year6(216,814)(192,735)
Net current assets (liabilities)(133,464)(44,552)
Total assets less current liabilities(116,778)(24,625)
Creditors amounts falling due after one year7(30,413)(35,675)
Net assets(147,191)(60,300)
Capital and reserves
Called up share capital100100
Profit and loss account(147,291)(60,400)
Shareholders' funds(147,191)(60,300)
The financial statements were approved and authorised for issue by the Director on 25 March 2025, and are signed on its behalf by:
Mr P Solanki
Director
Registered Company No. 10830559
SILVER LAVA LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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 policy
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.
Current 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.
Intangible assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year88
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 July 2327,91727,917
At 30 June 2427,91727,917
Amortisation and impairment
At 01 July 2310,23610,236
Charge for year2,7922,792
At 30 June 2413,02813,028
Net book value
At 30 June 2414,88914,889
At 30 June 2317,68117,681
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 July 233,2903,290
At 30 June 243,2903,290
Depreciation and impairment
At 01 July 231,0441,044
Charge for year449449
At 30 June 241,4931,493
Net book value
At 30 June 241,7971,797
At 30 June 232,2462,246
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables8,7473,368
Other debtors2,09234,827
Prepayments and accrued income2,5083,513
Total13,34741,708
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables47,89914,942
Bank borrowings and overdrafts5,1255,125
Amounts owed to related parties149,253149,253
Taxation and social security1,0392,807
Other creditors13,49819,356
Accrued liabilities and deferred income-1,252
Total216,814192,735
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts30,41335,675
Total30,41335,675
8.Related party transactions
Amounts owed to related parties include the following: Brave Falcon Ltd £41,253 (2023: £41,253), Grey Alligator Ltd £80,000 (2023: £80,000), Wolf Wisdom Ltd £28,000 (2023: £28,000). There is a common directorship in these companies.