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REGISTERED NUMBER: 12278680 (England and Wales)

















Sylv & V Limited

Financial Statements

for the Year Ended 31 October 2024






Sylv & V Limited (Registered number: 12278680)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sylv & V Limited

Company Information
for the year ended 31 October 2024







DIRECTOR: W J Szkolski





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 12278680 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Sylv & V Limited (Registered number: 12278680)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,843 57,191

CURRENT ASSETS
Stocks 4,225 3,750
Debtors 5 98,374 47,372
Cash at bank and in hand 10,644 41,939
113,243 93,061
CREDITORS
Amounts falling due within one year 6 96,216 97,814
NET CURRENT ASSETS/(LIABILITIES) 17,027 (4,753 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,870

52,438

CREDITORS
Amounts falling due after more than one
year

7

(34,527

)

(41,399

)

PROVISIONS FOR LIABILITIES (10,229 ) (10,866 )
NET ASSETS 16,114 173

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 16,111 170
SHAREHOLDERS' FUNDS 16,114 173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 12 July 2025 and were signed by:





W J Szkolski - Director


Sylv & V Limited (Registered number: 12278680)

Notes to the Financial Statements
for the year ended 31 October 2024


1. STATUTORY INFORMATION

Sylv & V 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures, fittings, equipment - 20% on reducing balance
Motor vehicles - 25% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 6 ) .

Sylv & V Limited (Registered number: 12278680)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings, Motor
equipment vehicles Totals
£    £    £   
COST
At 1 November 2023 8,098 58,517 66,615
Additions 897 - 897
At 31 October 2024 8,995 58,517 67,512
DEPRECIATION
At 1 November 2023 3,455 5,969 9,424
Charge for year 1,108 13,137 14,245
At 31 October 2024 4,563 19,106 23,669
NET BOOK VALUE
At 31 October 2024 4,432 39,411 43,843
At 31 October 2023 4,643 52,548 57,191

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 50,383
DEPRECIATION
At 1 November 2023 1,050
Charge for year 12,333
At 31 October 2024 13,383
NET BOOK VALUE
At 31 October 2024 37,000
At 31 October 2023 49,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 91,743 39,427
Prepayments and accrued income 6,631 7,945
98,374 47,372

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 22,278
Hire purchase contracts 6,873 6,873
Trade creditors 6,899 5,287
UK corporation tax 45,885 16,844
Tax and social security costs 24,254 35,611
Other creditors 8,630 6,724
Directors' current accounts 168 537
Accruals and deferred income 3,507 3,660
96,216 97,814

Sylv & V Limited (Registered number: 12278680)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 34,527 41,399

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 41,400 48,272

Hire purchase liabilities are secured on the assets concerned.