Acorah Software Products - Accounts Production 16.2.800 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 13887349 Mr Joel Hunter Mr James Moon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13887349 2024-02-29 13887349 2025-02-28 13887349 2024-03-01 2025-02-28 13887349 frs-core:CurrentFinancialInstruments 2025-02-28 13887349 frs-core:ShareCapital 2025-02-28 13887349 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 13887349 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13887349 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 13887349 frs-bus:SmallEntities 2024-03-01 2025-02-28 13887349 frs-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 13887349 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 13887349 frs-bus:OrdinaryShareClass2 2024-03-01 2025-02-28 13887349 frs-bus:OrdinaryShareClass2 2025-02-28 13887349 frs-bus:OrdinaryShareClass3 2024-03-01 2025-02-28 13887349 frs-bus:OrdinaryShareClass3 2025-02-28 13887349 frs-core:DeferredTaxation 2024-03-01 2025-02-28 13887349 frs-core:DeferredTaxation 2025-02-28 13887349 frs-bus:Director1 2024-03-01 2025-02-28 13887349 frs-bus:Director2 2024-03-01 2025-02-28 13887349 frs-countries:EnglandWales 2024-03-01 2025-02-28 13887349 2023-02-28 13887349 2024-02-29 13887349 2023-03-01 2024-02-29 13887349 frs-core:CurrentFinancialInstruments 2024-02-29 13887349 frs-core:ShareCapital 2024-02-29 13887349 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13887349 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-29 13887349 frs-bus:OrdinaryShareClass3 2023-03-01 2024-02-29
Registered number: 13887349
Sylk Fire Systems Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Sylk Fire Systems Ltd for the year ended 28 February 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sylk Fire Systems Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Sylk Fire Systems Ltd , as a body, in accordance with the terms of our engagement letter dated 16 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of Sylk Fire Systems Ltd and state those matters that we have agreed to state to the directors of Sylk Fire Systems Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sylk Fire Systems Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Sylk Fire Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Sylk Fire Systems Ltd . You consider that Sylk Fire Systems Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sylk Fire Systems Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
6th May 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 13887349
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 2,000 12,960
Debtors 5 38,420 20,074
Cash at bank and in hand 10,733 20,748
51,153 53,782
Creditors: Amounts Falling Due Within One Year 6 (19,998 ) (18,630 )
NET CURRENT ASSETS (LIABILITIES) 31,155 35,152
TOTAL ASSETS LESS CURRENT LIABILITIES 31,155 35,152
NET ASSETS 31,155 35,152
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 31,153 35,150
SHAREHOLDERS' FUNDS 31,155 35,152
For the year ending 28 February 2025 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
Mr James Moon
Director
6th May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sylk Fire Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13887349 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, Cheshire, United Kingdom, SK9 4LY
The principal place of trading is Anderson House, Goodall Street, Macclesfield, SK11 7BD.
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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
Page 3
Page 4
4. Stocks
2025 2024
£ £
Stock and work in progress 2,000 12,960
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 12,526 -
Other debtors 25,894 20,074
38,420 20,074
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,755 5,663
Amounts owed to participating interests - 363
Other creditors 15,243 7,371
Taxation and social security - 5,233
19,998 18,630
7. Provisions for Liabilities
Deferred Tax Total
£ £
Utilised (634 ) (634)
Balance at 28 February 2025 (634 ) (634)
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 1.00 each 1 1
1 Ordinary B shares of £ 1.00 each 1 1
2 2
Page 4