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Company Registration No. 07654987 (England and Wales)
Silicon Supplies Limited Unaudited accounts for the year ended 31 December 2024
Silicon Supplies Limited Unaudited accounts Contents
Page
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Silicon Supplies Limited Company Information for the year ended 31 December 2024
Director
Mr. Benjamin Matthew White
Company Number
07654987 (England and Wales)
Registered Office
Trafalgar House Tharston Industrial Estate Wellesley Road, Tharston Norfolk NR15 2PD United Kingdom
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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Silicon Supplies Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
1,749 
Tangible assets
497,174 
598,799 
497,174 
600,548 
Current assets
Inventories
42,121 
42,632 
Debtors
4,151,045 
3,266,442 
Cash at bank and in hand
1,884,892 
987,637 
6,078,058 
4,296,711 
Creditors: amounts falling due within one year
(943,060)
(576,717)
Net current assets
5,134,998 
3,719,994 
Total assets less current liabilities
5,632,172 
4,320,542 
Provisions for liabilities
Deferred tax
(50,919)
(113,771)
Other provisions
(36,009)
(36,009)
(86,928)
(149,780)
Net assets
5,545,244 
4,170,762 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
5,545,242 
4,170,760 
Shareholders' funds
5,545,244 
4,170,762 
For the year ending 31 December 2024 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 his 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 4 August 2025 and were signed on its behalf by
Mr. Benjamin Matthew White Director Company Registration No. 07654987
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Silicon Supplies Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Silicon Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 07654987. The registered office is Trafalgar House , Tharston Industrial Estate, Wellesley Road, Tharston, Norfolk, NR15 2PD, United Kingdom.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Website Development - Amortisized Over 3 Years
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% - Reducing Balance Method
Motor vehicles
25% - Reducing Balance Method
Fixtures & fittings
20% - Reducing Balance Method
Computer equipment
33% - Reducing Balance Method
Other tangible fixed assets
20% - Reducing Balance Method
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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Silicon Supplies Limited Notes to the Accounts for the year ended 31 December 2024
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
9,650 
At 31 December 2024
9,650 
Amortisation
At 1 January 2024
7,901 
Charge for the year
1,749 
At 31 December 2024
9,650 
Net book value
At 31 December 2024
- 
At 31 December 2023
1,749 
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Silicon Supplies Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
135,607 
736,471 
192,650 
7,988 
4,170 
1,076,886 
Additions
5,501 
23,114 
- 
- 
242 
28,857 
At 31 December 2024
141,108 
759,585 
192,650 
7,988 
4,412 
1,105,743 
Depreciation
At 1 January 2024
75,111 
375,982 
20,068 
4,302 
2,624 
478,087 
Charge for the year
12,958 
73,117 
43,146 
737 
524 
130,482 
At 31 December 2024
88,069 
449,099 
63,214 
5,039 
3,148 
608,569 
Net book value
At 31 December 2024
53,039 
310,486 
129,436 
2,949 
1,264 
497,174 
At 31 December 2023
60,496 
360,489 
172,582 
3,686 
1,546 
598,799 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
61,840 
68,215 
Trade debtors
413,092 
531,930 
Accrued income and prepayments
6,000 
10,687 
Other debtors
3,670,113 
- 
4,151,045 
610,832 
Amounts falling due after more than one year
Other debtors
- 
2,655,610 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
136 
Trade creditors
398,862 
158,617 
Taxes and social security
542,454 
374,949 
Other creditors
1,744 
1,956 
Loans from directors
- 
41,059 
943,060 
576,717 
8
Provisions for liabilities
£ 
At 1 January 2024
36,009 
At 31 December 2024
36,009 
Provision for Doubtful Debts
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Silicon Supplies Limited Notes to the Accounts for the year ended 31 December 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Loans to directors
As at 31st December 2024 the directors owed the company £1,396. Interest has been charged at a rate of 2.5%.
11
Transactions with related parties
Wiremanor Limited (A related party by virtue of it having a common controlling party) Other Debtor - 2024 - £270,000 L & C White Limited (A related party by virtue of it having a common controlling party) Other Debtor - 2024 - £1,292,420 L & C White Residential Limited (A related party by virtue of it having a common controlling party) Other Debtor - 2024 - £2,106,641
12
Controlling party
The company is controlled by the director who owns 50% of the called up share capital.
13
Average number of employees
During the year the average number of employees was 9 (2023: 8).
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