| Silverlining Finance Ltd |
| Registered number: |
08277317 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
38,283 |
|
|
47,962 |
|
| Current assets |
| Debtors |
4 |
|
73,033 |
|
|
28,361 |
| Cash at bank and in hand |
|
|
16,860 |
|
|
66,231 |
|
|
|
89,893 |
|
|
94,592 |
|
| Creditors: amounts falling due within one year |
5 |
|
(410,966) |
|
|
(404,495) |
|
| Net current liabilities |
|
|
|
(321,073) |
|
|
(309,903) |
|
| Total assets less current liabilities |
|
|
|
(282,790) |
|
|
(261,941) |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(12,237) |
|
|
(22,439) |
|
|
|
| Net liabilities |
|
|
|
(295,027) |
|
|
(284,380) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(295,029) |
|
|
(284,382) |
|
| Shareholders' funds |
|
|
|
(295,027) |
|
|
(284,380) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J A Buchanan |
| Director |
| Approved by the board on 17 December 2025 |
|
| Silverlining Finance Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
15% on reducing balance |
|
Computer equipment |
33% on reducing balance |
|
Motor vehicles |
25% on reducing balance |
|
|
Investments |
|
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
Taxation represents the sum of tax currently payable.
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. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
48,912 |
|
55,715 |
|
104,627 |
|
Additions |
1,400 |
|
- |
|
1,400 |
|
At 31 March 2025 |
50,312 |
|
55,715 |
|
106,027 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
33,289 |
|
23,376 |
|
56,665 |
|
Charge for the year |
2,994 |
|
8,085 |
|
11,079 |
|
At 31 March 2025 |
36,283 |
|
31,461 |
|
67,744 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
14,029 |
|
24,254 |
|
38,283 |
|
At 31 March 2024 |
15,623 |
|
32,339 |
|
47,962 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
6,940 |
|
6,940 |
|
Other debtors |
66,093 |
|
21,421 |
|
|
|
|
|
|
73,033 |
|
28,361 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
403,740 |
|
398,647 |
|
Taxation and social security costs |
3,111 |
|
1,174 |
|
Other creditors |
4,115 |
|
4,674 |
|
|
|
|
|
|
410,966 |
|
404,495 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
12,237 |
|
22,439 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Silverlining Finance Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
74 Smedley Street |
|
Matlock |
|
Derbyshire |
|
DE4 3JJ |