Silverline Logistics Limited - Accounts to registrar (filleted) - small 18.2

Silverline Logistics Limited - Accounts to registrar (filleted) - small 18.2

SILVERLINE LOGISTICS LIMITED - Company Information

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REGISTERED NUMBER: 10378532 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

SILVERLINE LOGISTICS LIMITED
SILVERLINE LOGISTICS LIMITED (REGISTERED NUMBER: 10378532)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SILVERLINE LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







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: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ
Page 1
SILVERLINE LOGISTICS LIMITED (REGISTERED NUMBER: 10378532)

BALANCE SHEET
30 SEPTEMBER 2018

30.9.18 30.9.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,362 -
Investments 5 1 1
70,363 1

CURRENT ASSETS
Debtors 6 390,132 273,679
Cash at bank 19,014 3,172
409,146 276,851
CREDITORS
Amounts falling due within one year 7 467,845 277,343
NET CURRENT LIABILITIES (58,699 ) (492 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
11,664
(491
)

CREDITORS
Amounts falling due after more than one
year
8
33,400
-
NET LIABILITIES (21,736 ) (491 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings (22,736 ) (1,491 )
SHAREHOLDERS' FUNDS (21,736 ) (491 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
SILVERLINE LOGISTICS LIMITED (REGISTERED NUMBER: 10378532)

BALANCE SHEET - continued
30 SEPTEMBER 2018


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 16 May 2019 and were signed on its behalf by:




Mr R I Patel - Director



Mr S D Pandya - Director


The notes form part of these financial statements

Page 3
SILVERLINE LOGISTICS LIMITED (REGISTERED NUMBER: 10378532)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018


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 - 20% 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 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.

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 2 (2017 - 2 ) .

Page 4 continued...
SILVERLINE LOGISTICS LIMITED (REGISTERED NUMBER: 10378532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
Additions 87,500 540 88,040
At 30 September 2018 87,500 540 88,040
DEPRECIATION
Charge for year 17,500 178 17,678
At 30 September 2018 17,500 178 17,678
NET BOOK VALUE
At 30 September 2018 70,000 362 70,362

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2017
and 30 September 2018 1
NET BOOK VALUE
At 30 September 2018 1
At 30 September 2017 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Trade debtors 87,468 -
Amounts owed by group undertakings 273,679 273,679
Other debtors 4,000 -
VAT 14,967 -
Prepayments 10,018 -
390,132 273,679

Page 5 continued...
SILVERLINE LOGISTICS LIMITED (REGISTERED NUMBER: 10378532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Hire purchase contracts 43,620 -
Trade creditors 42,032 -
Social security and other taxes 2,149 -
Net wages 8,451 -
Pension contribution 168 -
Other creditors 190,000 100,000
Directors' current accounts 179,674 176,982
Accrued expenses 1,751 361
467,845 277,343

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.18 30.9.17
£    £   
Hire purchase contracts 33,400 -

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.18 30.9.17
value: £    £   
1,000 Ordinary Shares £1 1,000 1,000

Page 6