Silver Stores Limited - Filleted accounts

Registered number

10107221

Silver Stores Limited

Filleted Accounts

31 July 2025

Silver Stores Limited
Registered number:		10107221
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,760			2,760

Current assets
Stocks		20,000			20,000
Debtors	4	111,860			-
Cash at bank and in hand		51,971			88,953
		183,831			108,953

Creditors: amounts falling due within one year	5	(43,745)			(85,796)

Net current assets			140,086			23,157

Total assets less current liabilities			142,846			25,917


SUSPENSE			(81,179)			-


Net assets			61,667			25,917

Capital and reserves
Called up share capital			102			102
Profit and loss account			61,565			25,815

Shareholders' funds			61,667			25,917

The directors are 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 directors acknowledge their 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.




N. Kumar, Esq.
Director
Approved by the board on 5 May 2026

Silver Stores Limited
Notes to the Accounts
for the year ended 31 July 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, which is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	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:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		4		4


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 August 2024				27,162
	Additions				1,399
	At 31 July 2025				28,561

	Depreciation
	At 1 August 2024				24,402
	Charge for the year				1,399
	At 31 July 2025				25,801

	Net book value
	At 31 July 2025				2,760
	At 31 July 2024				2,760


4	Debtors		2025		2024
£				£

	Due from group undertakings		111,860		-


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		8,017		17,177
	Taxation and social security costs		25,264		27,001
	Other creditors		10,464		41,618
			43,745		85,796

	Included in creditors is £5,661 (2024: £36,216) owing to the directors. The loan is interest-free and there is no fixed date of repayment. The director has confirmed that the loan will only be repaid as and when cash flow permits.


6	Related party transactions

	N. Kumar, Esq is a director and 50% shareholder of Addy's Property Company Ltd, a company incorporated in England and Wales.
	During the year, Silver Stores Ltd made an advance of £111,860 to Addy's Property Company Ltd. The loan is interest-free with no repayment terms, with monies to be repaid when funds become available.
	Amount due from (to) the related party
	Addy's Property Company Ltd		111,860		-



7	Controlling party

	The company is controlled by the directors, who, at the balance sheet date, owned 98% of the share capital of the company.

8	Other information

	Silver Stores Limited is a private company limited by shares and incorporated in England. Its registered office is:

	Devonshire House
	Manor Way
	Borehamwood
	Hertfordshire
	WD6 1QQ