REGISTERED NUMBER: 08170960 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Sylk Interior Systems Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

48,319

55,429

CURRENT ASSETS

Stocks

-

151,426

Debtors

5

1,167,178

473,127

Cash at bank

784,557

473,938

1,951,735

1,098,491

CREDITORS

Amounts falling due within one year

6

(1,088,986

)

(345,766

)

NET CURRENT ASSETS

862,749

752,725

TOTAL ASSETS LESS CURRENT LIABILITIES

911,068

808,154

CREDITORS

Amounts falling due after more than one year

7

(44,260

)

(64,889

)

PROVISIONS FOR LIABILITIES

(9,711

)

(13,260

)

NET ASSETS

857,097

730,005

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

857,095

730,003

857,097

730,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

Mr J D Hunter - Director

1.	STATUTORY INFORMATION

Sylk Interior Systems Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08170960

Registered office:

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

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 is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Deferred 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.

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 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2024

26,010

55,964

12,770

94,744

Additions

-

8,000

275

8,275

At 30 September 2025

26,010

63,964

13,045

103,019

DEPRECIATION

At 1 October 2024

13,817

15,640

9,858

39,315

Charge for year

1,829

12,081

1,475

15,385

At 30 September 2025

15,646

27,721

11,333

54,700

NET BOOK VALUE

At 30 September 2025

10,364

36,243

1,712

48,319

At 30 September 2024

12,193

40,324

2,912

55,429

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

999,412

391,911

Other debtors

167,766

81,216

1,167,178

473,127

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

16,250

18,336

Hire purchase contracts (see note 8)

7,141

6,547

Trade creditors

581,524

146,207

Taxation and social security

129,640

149,003

Other creditors

354,431

25,673

1,088,986

345,766

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans

12,551

28,665

Hire purchase contracts (see note 8)

31,709

36,224

44,260

64,889

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.9.25

30.9.24

£

£

Net obligations repayable:

Within one year

7,141

6,547

Between one and five years

31,709

36,224

38,850

42,771

Non-cancellable

operating leases

30.9.25

30.9.24

£

£

Within one year

24,528

-

Between one and five years

14,162

-

38,690

-