Silverama Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05662576 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

SILVERAMA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Poppleton

SECRETARY:

Form Online Limited

REGISTERED OFFICE:

Enterprise House

2 Pass Street

Oldham

Manchester

OL9 6HZ

REGISTERED NUMBER:

05662576 (England and Wales)

ACCOUNTANTS:

BP & Co Chartered Accountants

Enterprise House

2 Pass Street

Oldham

Lancashire

OL9 6HZ

FIXED ASSETS

Investments

4

4,556

4,556

CURRENT ASSETS

Debtors

5

24,458

24,458

Cash in hand

32,713

32,713

57,171

57,171

CREDITORS

Amounts falling due within one year

6

(7,810

)

(7,810

)

NET CURRENT ASSETS

49,361

49,361

TOTAL ASSETS LESS CURRENT LIABILITIES

53,917

53,917

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

53,916

53,916

SHAREHOLDERS' FUNDS

53,917

53,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 October 2022 and were signed by:

S Poppleton - Director

1.	STATUTORY INFORMATION

Silverama 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.

Investments in associates

Investments in associate 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2021

and 31 December 2021

4,556

NET BOOK VALUE

At 31 December 2021

4,556

At 31 December 2020

4,556

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Silveratech s.r.o.

Registered office:

Nature of business: Production of electrical equipment

%

Class of shares:

holding

Ordinary

50.00

2021

2020

£

£

Aggregate capital and reserves

253,551

251,708

Profit for the year

41,405

46,768

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

24,458

24,458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other creditors

7,810

7,810