Silver Gill Ltd - Accounts to registrar (filleted) - small 18.2
Silver Gill Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
| FOR |
| SILVER GILL LTD |
| SILVER GILL LTD (REGISTERED NUMBER: 07988928) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| Page |
| Balance sheet | 1 |
| Notes to the financial statements | 2 |
| SILVER GILL LTD (REGISTERED NUMBER: 07988928) |
| BALANCE SHEET |
| 31 MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 8 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| The director acknowledges her 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
| The financial statements were approved by the director on |
| SILVER GILL LTD (REGISTERED NUMBER: 07988928) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 1. | Statutory information |
| Silver Gill Limited is a private company, limited by shares, registered in England and Wales. The company's registered |
| number is 07988928. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| There was a net deficiency of assets at the balance sheet date and the Company has made a loss during the period of |
| £7,820. The Company is dependent upon the continued support of its director. The director has agreed to support the |
| Company over the next 12 months, in order that it can meet its day to day working capital requirements. |
| Turnover |
| Turnover represents amounts receivable, excluding value added tax, in respect of goods provided in the ordinary course of |
| business. Turnover is recognised as soon as the goods have been provided to the customer. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all purchase, |
| costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using |
| the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate. |
| 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 that have been enacted or |
| substantively enacted by the balance sheet date. |
| 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. |
| Silver Gill Limited has tax losses carried forward of £17,544. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| SILVER GILL LTD (REGISTERED NUMBER: 07988928) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 4. | Tangible fixed assets |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 April 2018 |
| Additions |
| At 31 March 2019 |
| Depreciation |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| Net book value |
| At 31 March 2019 |
| At 31 March 2018 |
| 5. | Stocks |
| 2019 | 2018 |
| £ | £ |
| Finished goods |
| 6. | Debtors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| 7. | Creditors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| VAT | 1,681 | 989 |
| Directors' current accounts | 62,429 | 58,549 |
| Accruals |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1.00 | 1 | 1 |
| 9. | Ultimate controlling party |
| The company is controlled by the director, Ms G Whiteside, who owns 100% of the issued share capital. |