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REGISTERED NUMBER: 05354431 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Zilver Designs Limited

Zilver Designs Limited (Registered number: 05354431)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Zilver Designs Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs S L Banfield
Mr A Banfield





SECRETARY: Mrs S L Banfield





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 05354431 (England and Wales)





ACCOUNTANTS: Accsys Accountants (Medway) Limited
F39 Innovation Centre Medway
Chatham
Kent
ME5 9FD

Zilver Designs Limited (Registered number: 05354431)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,513 6,194
25,513 6,194

CURRENT ASSETS
Stocks 47,872 62,119
Debtors 6 13,710 15,782
Cash at bank and in hand 10,384 12,784
71,966 90,685
CREDITORS
Amounts falling due within one year 7 14,037 19,643
NET CURRENT ASSETS 57,929 71,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,442

77,236

PROVISIONS FOR LIABILITIES 804 1,177
NET ASSETS 82,638 76,059

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 82,636 76,057
82,638 76,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Zilver Designs Limited (Registered number: 05354431)

Statement of Financial Position - continued
31 March 2025


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 22 May 2025 and were signed on its behalf by:





Mr A Banfield - Director


Zilver Designs Limited (Registered number: 05354431)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Zilver Designs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements relate to the individual entity only.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office building - 10% on cost
Office equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Zilver Designs Limited (Registered number: 05354431)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2024
and 31 March 2025 21,900
AMORTISATION
At 1 April 2024
and 31 March 2025 21,900
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Office Office and
building equipment fittings Totals
£ £ £ £
COST
At 1 April 2024 - 39,357 17,922 57,279
Additions 24,008 - 535 24,543
Disposals - (13,579 ) (13,872 ) (27,451 )
At 31 March 2025 24,008 25,778 4,585 54,371
DEPRECIATION
At 1 April 2024 - 34,456 16,629 51,085
Charge for year 2,401 573 116 3,090
Eliminated on disposal - (12,498 ) (12,819 ) (25,317 )
At 31 March 2025 2,401 22,531 3,926 28,858
NET BOOK VALUE
At 31 March 2025 21,607 3,247 659 25,513
At 31 March 2024 - 4,901 1,293 6,194

Zilver Designs Limited (Registered number: 05354431)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Trade debtors 11,929 12,353
Other debtors 1,781 3,429
13,710 15,782

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Trade creditors 150 353
Taxation and social security 7,748 13,347
Other creditors 6,139 5,943
14,037 19,643