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REGISTERED NUMBER: 04789836 (England and Wales)















SILVERBADGE LIMITED

Unaudited Financial Statements

for the Year Ended 31 August 2024






SILVERBADGE LIMITED (REGISTERED NUMBER: 04789836)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SILVERBADGE LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A Ranalli
L Ranalli





SECRETARY: A Ranalli





REGISTERED OFFICE: Elfed House
Oak Tree Court, Mulberry Drive
Cardiff Gate Business Park
CARDIFF
CF23 8RS





REGISTERED NUMBER: 04789836 (England and Wales)





ACCOUNTANTS: MHA (trading name of MHA Advisory Limited)
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

SILVERBADGE LIMITED (REGISTERED NUMBER: 04789836)

Balance Sheet
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,975 3,582

CURRENT ASSETS
Stocks 1,040 980
Debtors 5 227,441 89,108
Cash at bank and in hand 40,012 119,453
268,493 209,541
CREDITORS
Amounts falling due within one year 6 (71,740 ) (68,675 )
NET CURRENT ASSETS 196,753 140,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,728

144,448

PROVISIONS FOR LIABILITIES (735 ) (896 )
NET ASSETS 198,993 143,552

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 198,992 143,551
SHAREHOLDERS' FUNDS 198,993 143,552

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





L Ranalli - Director


SILVERBADGE LIMITED (REGISTERED NUMBER: 04789836)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Silverbadge 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.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

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

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.

There have been no material departures from Financial Reporting Standard 102 1A.

TURNOVER
Turnover represents restaurant takings received during the year. Where the flat rate VAT scheme is in operation, VAT payable is deducted from gross takings in the Profit and Loss account.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and Fittings - 15% on reducing balance

CURRENT TAX
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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
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.

EMPLOYEE BENEFITS
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

NON-DERIVATIVE FINANCIAL INSTRUMENTS
Basic financial instruments are recognised at amortised cost.

SILVERBADGE LIMITED (REGISTERED NUMBER: 04789836)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

STOCK
Stocks are valued at the lower of cost and selling price, after making due allowance for obsolete and slow
moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property Fittings Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 1,087 24,464 25,551
DEPRECIATION
At 1 September 2023 1,087 20,882 21,969
Charge for year - 607 607
At 31 August 2024 1,087 21,489 22,576
NET BOOK VALUE
At 31 August 2024 - 2,975 2,975
At 31 August 2023 - 3,582 3,582

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 172,265 21,257
Social security and other tax 2,886 1,577
Director's current account 50,198 62,984
Prepayments and accrued income 2,092 3,290
227,441 89,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,571 3,343
Corporation tax 50,080 40,707
VAT 12,167 12,751
Other creditors 90 3,111
Accruals and deferred income 6,832 8,763
71,740 68,675

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 ORDINARY £1 1 1

SILVERBADGE LIMITED (REGISTERED NUMBER: 04789836)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
G Ranalli
Balance outstanding at start of year 62,984 20,099
Amounts advanced 53,146 83,679
Amounts repaid (116,130 ) (40,794 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 62,984

A Ranalli
Balance outstanding at start of year - -
Amounts advanced 23,303 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,303 -

L Ranalli
Balance outstanding at start of year - -
Amounts advanced 26,894 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,894 -

Interest has been charged at a commercial rate on overdrawn balances during the year.

The balance of £116,130 in respect of G Ranalli was transferred to Other debtors during the year.

9. RELATED PARTY DISCLOSURES

An amount of £116,130 was owed to the company by the Estate of G Ranalli at 31 August 2024.

10. FINANCIAL COMMITMENTS

At the year end the company had financial commitments outstanding of £81,667 (2023: £95,667) in respect of the rental of trading premises.