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

REGISTERED NUMBER: 11046554 (England and Wales)

Unaudited Financial Statements

for the Period 1 December 2018 to 31 March 2020

for

Silk Real World Research Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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:

Mazars LLP

One St. Peter's Square

Manchester

M2 3DE

FIXED ASSETS

Tangible assets

4

127

509

CURRENT ASSETS

Debtors

5

2,002

88

Cash at bank

17,813

23,442

19,815

23,530

CREDITORS

Amounts falling due within one year

6

8,575

11,647

NET CURRENT ASSETS

11,240

11,883

TOTAL ASSETS LESS CURRENT LIABILITIES

11,367

12,392

PROVISIONS FOR LIABILITIES

25

153

NET ASSETS

11,342

12,239

CAPITAL AND RESERVES

Called up share capital

7

20

20

Retained earnings

11,322

12,219

SHAREHOLDERS' FUNDS

11,342

12,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 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 14 September 2020 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 4 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

and 31 March 2020

763

DEPRECIATION

At 1 December 2018

254

Charge for period

382

At 31 March 2020

636

NET BOOK VALUE

At 31 March 2020

127

At 30 November 2018

509

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

30.11.18

£

£

Trade debtors

1,646

68

Other debtors

336

-

Called up share capital not paid

20

20

2,002

88

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

30.11.18

£

£

Tax

1,730

4,683

VAT

5,845

3,764

Accruals and deferred income

1,000

3,200

8,575

11,647

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.20

30.11.18

value:

£

£

20

Share capital 1

1

20

20