5 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 3,407 583 3,990 3,171 226 3,397 593 236 xbrli:pure xbrli:shares iso4217:GBP 08019574 2024-04-01 2025-03-31 08019574 2025-03-31 08019574 2024-03-31 08019574 2023-04-01 2024-03-31 08019574 2024-03-31 08019574 2023-03-31 08019574 bus:Director1 2024-04-01 2025-03-31 08019574 core:WithinOneYear 2025-03-31 08019574 core:WithinOneYear 2024-03-31 08019574 core:ShareCapital 2025-03-31 08019574 core:ShareCapital 2024-03-31 08019574 core:RetainedEarningsAccumulatedLosses 2025-03-31 08019574 core:RetainedEarningsAccumulatedLosses 2024-03-31 08019574 bus:SmallEntities 2024-04-01 2025-03-31 08019574 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08019574 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08019574 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08019574 bus:FullAccounts 2024-04-01 2025-03-31 08019574 core:OfficeEquipment 2024-04-01 2025-03-31 08019574 core:OfficeEquipment 2024-03-31 08019574 core:OfficeEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: 08019574
Silvertouch Professional Services Limited
Filleted Unaudited Financial Statements
31 March 2025
Silvertouch Professional Services Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
593
236
Current assets
Debtors
6
13,685
16,851
Cash at bank and in hand
43,230
40,366
--------
--------
56,915
57,217
Creditors: amounts falling due within one year
7
16,225
20,205
--------
--------
Net current assets
40,690
37,012
--------
--------
Total assets less current liabilities
41,283
37,248
--------
--------
Net assets
41,283
37,248
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
41,183
37,148
--------
--------
Shareholders funds
41,283
37,248
--------
--------
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 year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Silvertouch Professional Services Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 24 June 2025 , and are signed on behalf of the board by:
Mr. Nitin Shah
Director
Company registration number: 08019574
Silvertouch Professional Services Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Harrow, HA3 0AN, Middlesex.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2024
3,407
3,407
Additions
583
583
-------
-------
At 31 March 2025
3,990
3,990
-------
-------
Depreciation
At 1 April 2024
3,171
3,171
Charge for the year
226
226
-------
-------
At 31 March 2025
3,397
3,397
-------
-------
Carrying amount
At 31 March 2025
593
593
-------
-------
At 31 March 2024
236
236
-------
-------
6. Debtors
2025
2024
£
£
Trade debtors
13,059
16,851
Other debtors
626
--------
--------
13,685
16,851
--------
--------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
1,156
3,556
Social security and other taxes
6,039
6,354
Other creditors
9,030
10,295
--------
--------
16,225
20,205
--------
--------