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Company Registration No. 11994868 (England and Wales)
Silver Seas Construction Services Ltd Unaudited accounts for the year ended 31 May 2025
Silver Seas Construction Services Ltd Unaudited accounts Contents
Page
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Silver Seas Construction Services Ltd Company Information for the year ended 31 May 2025
Director
Eleanor Claire Waite
Company Number
11994868 (England and Wales)
Registered Office
Silverseas 28 Albert Road Cowes Isle of Wight PO31 8JU England
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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Silver Seas Construction Services Ltd Statement of financial position as at 31 May 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
184,306 
177,025 
Current assets
Debtors
6,696 
6,395 
Cash at bank and in hand
15,794 
11,865 
22,490 
18,260 
Creditors: amounts falling due within one year
(92,147)
(56,575)
Net current liabilities
(69,657)
(38,315)
Total assets less current liabilities
114,649 
138,710 
Creditors: amounts falling due after more than one year
(26,353)
(29,074)
Provisions for liabilities
Deferred tax
(35,018)
- 
Net assets
53,278 
109,636 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
53,277 
109,635 
Shareholders' funds
53,278 
109,636 
For the year ending 31 May 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 June 2025 and were signed on its behalf by
Eleanor Claire Waite Director Company Registration No. 11994868
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Silver Seas Construction Services Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Silver Seas Construction Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11994868. The registered office is Silverseas, 28 Albert Road, Cowes, Isle of Wight, PO31 8JU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight-line
Fixtures & fittings
20% Straight-line
Computer equipment
33% Straight-line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Silver Seas Construction Services Ltd Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2024
284,047 
23,923 
1,208 
309,178 
Additions
71,400 
9,278 
- 
80,678 
Disposals
(44,000)
- 
- 
(44,000)
At 31 May 2025
311,447 
33,201 
1,208 
345,856 
Depreciation
At 1 June 2024
131,313 
- 
840 
132,153 
Charge for the year
50,989 
6,640 
368 
57,997 
On disposals
(28,600)
- 
- 
(28,600)
At 31 May 2025
153,702 
6,640 
1,208 
161,550 
Net book value
At 31 May 2025
157,745 
26,561 
- 
184,306 
At 31 May 2024
152,734 
23,923 
368 
177,025 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,696 
6,395 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
2,625 
1,686 
Obligations under finance leases and hire purchase contracts
26,281 
16,614 
Other creditors
1,470 
- 
Loans from directors
61,087 
37,775 
Accruals
684 
500 
92,147 
56,575 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
26,353 
29,074 
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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