Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11006035 Mrs Laura Bader Mr Simon Harwood Laura Bader false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11006035 2023-12-31 11006035 2024-12-31 11006035 2024-01-01 2024-12-31 11006035 frs-core:CurrentFinancialInstruments 2024-12-31 11006035 frs-core:ComputerEquipment 2024-12-31 11006035 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11006035 frs-core:ComputerEquipment 2023-12-31 11006035 frs-core:ShareCapital 2024-12-31 11006035 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11006035 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11006035 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11006035 frs-bus:SmallEntities 2024-01-01 2024-12-31 11006035 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11006035 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11006035 1 2024-01-01 2024-12-31 11006035 frs-bus:Director1 2024-01-01 2024-12-31 11006035 frs-bus:Director2 2024-01-01 2024-12-31 11006035 frs-countries:EnglandWales 2024-01-01 2024-12-31 11006035 2022-12-31 11006035 2023-12-31 11006035 2023-01-01 2023-12-31 11006035 frs-core:CurrentFinancialInstruments 2023-12-31 11006035 frs-core:ShareCapital 2023-12-31 11006035 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11006035
Sila Connect Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11006035
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,122 2,181
1,122 2,181
CURRENT ASSETS
Debtors 5 39,309 41,818
Cash at bank and in hand 56,507 53,016
95,816 94,834
Creditors: Amounts Falling Due Within One Year 6 (66,414 ) (66,368 )
NET CURRENT ASSETS (LIABILITIES) 29,402 28,466
TOTAL ASSETS LESS CURRENT LIABILITIES 30,524 30,647
PROVISIONS FOR LIABILITIES
Deferred Taxation (281 ) (545 )
NET ASSETS 30,243 30,102
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account 30,240 30,099
SHAREHOLDERS' FUNDS 30,243 30,102
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mrs Laura Bader
Director
14th April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sila Connect Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11006035 . The registered office is 2 Ticehurst Close, Worth, Crawley, RH10 7GN.
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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 33.3% Straight Line Basis
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.4. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 10,358
Additions 398
As at 31 December 2024 10,756
Depreciation
As at 1 January 2024 8,177
Provided during the period 1,457
As at 31 December 2024 9,634
Net Book Value
As at 31 December 2024 1,122
As at 1 January 2024 2,181
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38,730 41,200
Other debtors 579 618
39,309 41,818
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 19
Other creditors 1,159 913
Taxation and social security 65,255 65,436
66,414 66,368
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
8. Related Party Transactions
During the year, dividends paid to directors totalled £169,780 (2023: £183,490).
9. Controlling Party
The company's controlling party is Laura Bader by virtue of their ownership of 67% of the issued share capital in the company.
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