THE SILLY COUNTRY LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10542542

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		20,552		17,947

			20,552		17,947
CURRENT ASSETS
Stocks	5	7,550		6,128
Debtors	6	5,000		-
Cash at bank and in hand		55,952		83,839

		68,502		89,967
Creditors: Amounts Falling Due Within One Year	7	(21,474 )		(33,344 )

NET CURRENT ASSETS (LIABILITIES)			47,028		56,623

TOTAL ASSETS LESS CURRENT LIABILITIES			67,580		74,570

Creditors: Amounts Falling Due After More Than One Year	8		(14,198 )		(24,167 )

NET ASSETS			53,382		50,403

CAPITAL AND RESERVES
Called up share capital	9		300		300
Profit and Loss Account			53,082		50,103

SHAREHOLDERS' FUNDS			53,382		50,403

Page 1

Page 2

THE SILLY COUNTRY LTD

Balance Sheet (continued)

As At 31 December 2024

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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Philip Unsworth

Director

01/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

THE SILLY COUNTRY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10542542 . The registered office is 121 Market Street, Droyslden, Manchester, M43 7AR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% reducing balance

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 7)

Page 3

Page 4

THE SILLY COUNTRY LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2024	77,503
Additions	9,455

As at 31 December 2024	86,958

Depreciation
As at 1 January 2024	59,556
Provided during the period	6,850

As at 31 December 2024	66,406

Net Book Value
As at 31 December 2024	20,552

As at 1 January 2024	17,947

5. Stocks

	2024	2023
	£	£
Stock	7,550	6,128

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	5,000	-

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	3,896	3,897
Corporation tax	6,241	17,865
Other taxes and social security	2,448	1,327
VAT	7,371	6,624
Pension account	219	55
Directors' loan accounts	1,299	3,576

	21,474	33,344

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	14,198	24,167

Page 4

Page 5

THE SILLY COUNTRY LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	300	300

Page 5