REGISTERED NUMBER: 10378532 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SILVERLINE LOGISTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R I Patel

Mr S D Pandya

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

10378532 (England and Wales)

ACCOUNTANTS:

Sachdev & Co

Chartered Accountants

5 Albany Road

Earlsdon

Coventry

CV5 6JQ

FIXED ASSETS

Tangible assets

4

24,234

79,824

Investments

5

1

1

24,235

79,825

CURRENT ASSETS

Debtors

6

180,393

234,610

Cash at bank

73

8,834

180,466

243,444

CREDITORS

Amounts falling due within one year

7

52,685

49,989

NET CURRENT ASSETS

127,781

193,455

TOTAL ASSETS LESS CURRENT LIABILITIES

152,016

273,280

CREDITORS

Amounts falling due after more than one year

8

208,975

270,412

NET (LIABILITIES)/ASSETS

(56,959

)

2,868

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

(57,959

)

1,868

SHAREHOLDERS' FUNDS

(56,959

)

2,868

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 30 September 2025 and were signed on its behalf by:

Mr S D Pandya - Director

1.	STATUTORY INFORMATION

Silverline Logistics 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

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

-

10% straight line

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2023

127,834

1,074

3,508

132,416

Disposals

(87,000

)

-

-

(87,000

)

At 30 September 2024

40,834

1,074

3,508

45,416

DEPRECIATION

At 1 October 2023

48,983

621

2,988

52,592

Charge for year

4,083

151

256

4,490

Eliminated on disposal

(35,900

)

-

-

(35,900

)

At 30 September 2024

17,166

772

3,244

21,182

NET BOOK VALUE

At 30 September 2024

23,668

302

264

24,234

At 30 September 2023

78,851

453

520

79,824

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 October 2023

and 30 September 2024

1

NET BOOK VALUE

At 30 September 2024

1

At 30 September 2023

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

13,912

3,576

Amounts owed by group undertakings

82,116

104,785

VAT

-

1,785

Accrued income

83,398

122,912

Prepayments

967

1,552

180,393

234,610

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts (see note 9)

41,343

15,047

Hire purchase contracts

7,873

17,941

Trade creditors

-

10,670

Social security and other taxes

-

581

VAT

719

-

Accrued expenses

2,750

5,750

52,685

49,989

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans (see note 9)

33,134

58,804

Hire purchase contracts

1,793

12,891

Directors' loan accounts

174,048

198,717

208,975

270,412

9.

LOANS

An analysis of the maturity of loans is given below:

30.9.24

30.9.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

21,542

1,116

Bank loans

19,801

13,931

41,343

15,047

Amounts falling due between one and two years:

Bank loans - 1-2 years

16,467

26,073

Amounts falling due between two and five years:

Bank loans - 2-5 years

16,667

32,731

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

1,000

Ordinary Shares

£1

1,000

1,000