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Registration number: 09817669

Silky Creative Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Silky Creative Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account and Statement of Retained Earnings

4

Balance Sheet

5

Notes to the Unaudited Financial Statements

6 to 8

iXBRL Detailed Profit and Loss Account

9

 

Silky Creative Limited

Company Information

Director

Mr Jonathan Silcock

Registered office

130a Broad Road
Cheshire
Sale
M33 2DF

Accountants

Clever Accounts Limited
Brookfield Court
Selby Road
Leeds
LS25 1NB

 

Silky Creative Limited

Director's Report for the Year Ended 31 October 2024

The director presents his report and the financial statements for the year ended 31 October 2024.

Director of the company

The director who held office during the year was as follows:

Mr Jonathan Silcock

Principal activity

The principal activity of the company is advertising agencies

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 1 July 2025 and signed on its behalf by:

.........................................
Mr Jonathan Silcock
Director

dl.signhere.2

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Silky Creative Limited
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Silky Creative Limited for the year ended 31 October 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Silky Creative Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Silky Creative Limited and state those matters that we have agreed to state to the Board of Directors of Silky Creative Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Silky Creative Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Silky Creative Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Silky Creative Limited. You consider that Silky Creative Limited 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 Silky Creative Limited. 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 statutory accounts.

dl.signhere.1

......................................

Clever Accounts Limited
Brookfield Court
Selby Road
Leeds
LS25 1NB

1 July 2025

 

Silky Creative Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 October 2024

Note

2024
£

2023
£

Turnover

 

2,485

8,136

Administrative expenses

 

(12,086)

(13,239)

Operating loss

 

(9,601)

(5,103)

Other interest receivable and similar income

 

371

327

 

371

327

Loss before tax

(9,230)

(4,776)

Taxation

 

-

907

Loss for the financial year

 

(9,230)

(3,869)

Retained earnings brought forward

 

39,988

69,356

Dividends paid

 

(10,500)

(25,500)

Retained earnings carried forward

 

20,258

39,987

 

Silky Creative Limited

(Registration number: 09817669)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Current assets

 

Debtors

907

-

Cash at bank and in hand

 

57,094

53,031

 

58,001

53,031

Creditors: Amounts falling due within one year

(37,733)

(13,034)

Net assets

 

20,268

39,997

Capital and reserves

 

Called up share capital

5

10

10

Retained earnings

20,258

39,987

Shareholders' funds

 

20,268

39,997

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 1 July 2025
 

.........................................

Mr Jonathan Silcock
Director

 

Silky Creative Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130a Broad Road
Cheshire
Sale
M33 2DF
United Kingdom

These financial statements were authorised for issue by the director on 1 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Silky Creative Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

P&M

no depreciation

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Silky Creative Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

259

259

At 31 October 2024

259

259

Depreciation

At 1 November 2023

259

259

At 31 October 2024

259

259

Carrying amount

At 31 October 2024

-

-

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Share of £1 each

10

10

10

10

       
 

Silky Creative Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 31 October 2024

2024
£

2023
£

Turnover/revenue

2,485

8,136

Administrative expenses

Audit and accountancy other services

(1,126)

(1,277)

Advertising, promotions and marketing costs

-

(37)

Other staff costs

(23)

-

Salaries and fees, directors

(9,096)

(9,096)

Travel and subsistence

(405)

(873)

Bank charges

(102)

(106)

Insurance costs

-

(223)

IT and computing

(1,022)

(1,306)

Printing, postage and stationery

-

(9)

Other costs

(312)

(312)

Other operating income

Other items

Loss on ordinary activities before finance charges and interest

(9,601)

(5,103)

Bank interest and similar income receivable

371

327

Loss on ordinary activities before taxation

(9,230)

(4,776)

Tax on profit or loss on ordinary activities

-

907

Loss for the financial year

(9,230)

(3,869)