REGISTERED NUMBER: 08040845 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SILENT GLISS GLOBAL LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B Bratschi

Silent Gliss Holding Limited

M Lauper

G Butler

REGISTERED OFFICE:

Pyramid Business Park

Poorhole Lane

Broadstairs

Kent

CT10 2PT

REGISTERED NUMBER:

08040845 (England and Wales)

AUDITORS:

Spain Brothers & Co

Chartered Accountants and Statutory Auditors

Westgate House

87 St Dunstans Street

Canterbury

Kent

CT2 8AE

FIXED ASSETS

Tangible assets

5

1,047

441

CURRENT ASSETS

Debtors

692,909

632,021

Cash at bank

421,706

266,059

1,114,615

898,080

CREDITORS

Amounts falling due within one year

432,434

332,073

NET CURRENT ASSETS

682,181

566,007

TOTAL ASSETS LESS CURRENT LIABILITIES

683,228

566,448

CAPITAL AND RESERVES

Called up share capital

300,000

300,000

Retained earnings

383,228

266,448

SHAREHOLDERS' FUNDS

683,228

566,448

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st May 2025 and were signed on its behalf by:

G Butler - Director

1.	STATUTORY INFORMATION

Silent Gliss Global Limited (the company) 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 nature of the company's operations and principal activities is that of suppliers, under licence, of specialised curtain track and blind systems.

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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

The financial statements are presented in sterling which is the functional currency of the company. There is no rounding.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when risks and rewards are transferred on despatch of goods.

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 equipment

-

25% on cost

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and any accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

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.

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.

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

4,501

Additions

996

Disposals

(2,043

)

At 31st December 2024

3,454

DEPRECIATION

At 1st January 2024

4,060

Charge for year

390

Eliminated on disposal

(2,043

)

At 31st December 2024

2,407

NET BOOK VALUE

At 31st December 2024

1,047

At 31st December 2023

441

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Paul Flood BFP FCA (Senior Statutory Auditor)

for and on behalf of Spain Brothers & Co

7.	RELATED PARTY DISCLOSURES

In the year ended 31st December 2024, the company's turnover and other income, including management time, with other group companies amounted to £246,031 (2023 £419,872) and the company purchased services, products and management time to the value of £2,295,228 (2023 £2,248,237).

Amounts owed to other group companies of £144,228 (2023 £201,587) are included in creditors, and amounts owed by other group companies of £178,014 (2023 £178,466) are included in debtors, at the year end.

8.	PARENT UNDERTAKING AND ULTIMATE CONTROLLING PARTY

The parent undertaking is Silent Gliss Limited, a company incorporated in England and Wales. Their registered office is Pyramid Business Park, Poorhole Lane, Broadstairs, Kent, CT10 2PT.

The ultimate parent undertaking and controlling party is Silent Gliss Holding AG, a company incorporated in Switzerland.