Silk Real World Research Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11046554 (England and Wales)

Unaudited Financial Statements

for the Period 3 November 2017 to 30 November 2018

for

Silk Real World Research Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Ms L J Beresford

Ms A M Burgess

Dr I T Collyer

Dr P C Wilson

REGISTERED OFFICE:

The Waterhouse

Wellington Road

Bollington

Cheshire

SK10 5JH

REGISTERED NUMBER:

11046554 (England and Wales)

ACCOUNTANTS:

Hall Liddy

12 St John Street

Manchester

M3 4DY

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Statement of Financial Position. Readers are

cautioned that the Income Statement and certain other primary statements and the Report

of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Silk Real World Research Ltd for the period ended

30 November 2018 which comprise the Statement of Income and Retained Earnings, Statement of

Financial Position and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Silk Real World Research Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Silk Real World Research Ltd and state those matters that we have agreed to state to the Board of Directors of Silk Real World Research Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Silk Real World Research Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Silk Real World Research Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Silk Real World Research Ltd. You consider that Silk Real World Research Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Silk Real World Research Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hall Liddy

12 St John Street

Manchester

M3 4DY

12 June 2019

FIXED ASSETS

Tangible assets

4

509

CURRENT ASSETS

Debtors

5

88

Cash at bank

23,442

23,530

CREDITORS

Amounts falling due within one year

6

11,647

NET CURRENT ASSETS

11,883

TOTAL ASSETS LESS CURRENT LIABILITIES

12,392

PROVISIONS FOR LIABILITIES

153

NET ASSETS

12,239

CAPITAL AND RESERVES

Called up share capital

7

20

Retained earnings

12,219

SHAREHOLDERS' FUNDS

12,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 June 2019 and were signed on its behalf by:

Ms L J Beresford - Director

1.	STATUTORY INFORMATION

Silk Real World Research Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

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, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

straight line over 3 years

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the statement of financial position 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

763

At 30 November 2018

763

DEPRECIATION

Charge for period

254

At 30 November 2018

254

NET BOOK VALUE

At 30 November 2018

509

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

68

Called up share capital not paid

20

88

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

4,683

VAT

3,764

Accruals and deferred income

3,200

11,647

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£

20

Share capital 1

1

20