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REGISTERED NUMBER: 09869607 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Silver Lining (NW) Limited

Silver Lining (NW) Limited (Registered number: 09869607)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Silver Lining (NW) Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mrs C Rossi
Mr T M Rossi
Mr A Rossi





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
Lancs
PR2 3AE





REGISTERED NUMBER: 09869607 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Silver Lining (NW) Limited (Registered number: 09869607)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,766 54,118

CURRENT ASSETS
Stocks 63,078 1,230
Debtors 5 303,980 216,597
Cash at bank 178,662 146,782
545,720 364,609
CREDITORS
Amounts falling due within one year 6 347,434 184,063
NET CURRENT ASSETS 198,286 180,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,052

234,664

CREDITORS
Amounts falling due after more than one
year

7

(22,395

)

(30,298

)

PROVISIONS FOR LIABILITIES (10,942 ) (10,224 )
NET ASSETS 208,715 194,142

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 208,709 194,136
SHAREHOLDERS' FUNDS 208,715 194,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

Silver Lining (NW) Limited (Registered number: 09869607)

Statement of Financial Position - continued
30 November 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





Mrs C Rossi - Director


Silver Lining (NW) Limited (Registered number: 09869607)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Silver Lining (NW) 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Silver Lining (NW) Limited (Registered number: 09869607)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 75,738
Additions 428
At 30 November 2024 76,166
DEPRECIATION
At 1 December 2023 21,620
Charge for year 10,780
At 30 November 2024 32,400
NET BOOK VALUE
At 30 November 2024 43,766
At 30 November 2023 54,118

Included in the above are the assets held under hire purchase with net book value of £31,127 (2023 - £38,909) and the depreciation charged to the financial statements in the year in respect of such assets amounts to £7,782 (2023 - £2,042).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 266,887 185,335
Other debtors 37,093 31,262
303,980 216,597

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 7,904 7,904
Trade creditors 179,807 111,182
Taxation and social security 46,103 5,012
Other creditors 113,620 59,965
347,434 184,063

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 22,395 30,298

Silver Lining (NW) Limited (Registered number: 09869607)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Hire purchase contracts 30,299 38,202

9. RELATED PARTY DISCLOSURES

During the year the company paid commission of £4,916 (2023 £7,565) to a company under common control.