4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,599 2,398 1,201 3,599 1,201 xbrli:pure xbrli:shares iso4217:GBP 10852185 2023-08-01 2024-07-27 10852185 2024-07-27 10852185 2023-07-31 10852185 2022-07-31 2023-07-31 10852185 2023-07-31 10852185 2022-07-30 10852185 bus:Director1 2023-08-01 2024-07-27 10852185 core:WithinOneYear 2024-07-27 10852185 core:WithinOneYear 2023-07-31 10852185 core:AfterOneYear 2024-07-27 10852185 core:AfterOneYear 2023-07-31 10852185 core:ShareCapital 2024-07-27 10852185 core:ShareCapital 2023-07-31 10852185 core:RetainedEarningsAccumulatedLosses 2024-07-27 10852185 core:RetainedEarningsAccumulatedLosses 2023-07-31 10852185 bus:SmallEntities 2023-08-01 2024-07-27 10852185 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-27 10852185 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-27 10852185 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-27 10852185 bus:FullAccounts 2023-08-01 2024-07-27 10852185 core:ComputerEquipment 2023-08-01 2024-07-27 10852185 core:ComputerEquipment 2024-07-27 10852185 core:ComputerEquipment 2023-07-31
COMPANY REGISTRATION NUMBER: 10852185
SILVER HUB LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
27 July 2024
SILVER HUB LIMITED
STATEMENT OF FINANCIAL POSITION
27 July 2024
27 Jul 24
31 Jul 23
Note
£
£
£
FIXED ASSETS
Tangible assets
5
1,201
CURRENT ASSETS
Stocks
9,350
9,350
Debtors
6
9,599
8,516
Cash at bank and in hand
126,360
98,586
---------
---------
145,309
116,452
CREDITORS: amounts falling due within one year
7
( 68,996)
( 81,637)
---------
---------
NET CURRENT ASSETS
76,313
34,815
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
76,313
36,016
CREDITORS: amounts falling due after more than one year
8
( 13,210)
( 23,231)
PROVISIONS
( 228)
--------
--------
NET ASSETS
63,103
12,557
--------
--------
CAPITAL AND RESERVES
Called up share capital
20
20
Profit and loss account
63,083
12,537
--------
--------
SHAREHOLDERS FUNDS
63,103
12,557
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 27 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SILVER HUB LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
27 July 2024
These financial statements were approved by the board of directors and authorised for issue on 28 May 2025 , and are signed on behalf of the board by:
S Sarussi
Director
Company registration number: 10852185
SILVER HUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 AUGUST 2023 TO 27 JULY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Grange Court, Leeds, United Kingdom, LS17 7TX.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 4 (2023: 3 ).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 August 2023 and 27 July 2024
3,599
-------
Depreciation
At 1 August 2023
2,398
Charge for the period
1,201
-------
At 27 July 2024
3,599
-------
Carrying amount
At 27 July 2024
-------
At 31 July 2023
1,201
-------
6. DEBTORS
27 Jul 24
31 Jul 23
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
6,849
6,849
Other debtors
2,750
1,667
-------
-------
9,599
8,516
-------
-------
7. CREDITORS: amounts falling due within one year
27 Jul 24
31 Jul 23
£
£
Bank loans and overdrafts
9,960
9,960
Trade creditors
10,018
20,370
Corporation tax
28,887
22,871
Social security and other taxes
16,109
24,706
Other creditors
( 1,194)
909
Other creditors
5,216
2,821
--------
--------
68,996
81,637
--------
--------
8. CREDITORS: amounts falling due after more than one year
27 Jul 24
31 Jul 23
£
£
Bank loans and overdrafts
13,210
23,231
--------
--------