Silver Hub Limited Filleted accounts for Companies House (small and micro)

SILVER HUB LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10852185

SILVER HUB LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

30 July 2020

SILVER HUB LIMITED

STATEMENT OF FINANCIAL POSITION

30 July 2020

	2020		2019
Note	£	£	£	£

CURRENT ASSETS

Stocks		7,000	5,000
Debtors	4	510	–
Cash at bank and in hand		14,303	14,469
		--------	--------
		21,813	19,469

CREDITORS: amounts falling due within one year	5	( 9,693)		( 6,840)
		--------		--------
NET CURRENT ASSETS			12,120		12,629
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			12,120		12,629
			--------		--------
NET ASSETS			12,120		12,629
			--------		--------

CAPITAL AND RESERVES

Called up share capital	20	20
Profit and loss account	12,100	12,609
	--------	--------
SHAREHOLDERS FUNDS	12,120	12,629
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 30 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SILVER HUB LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 July 2020

These financial statements were approved by the board of directors and authorised for issue on 12 July 2021 , and are signed on behalf of the board by:

S Sarussi
Director

Company registration number: 10852185

SILVER HUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD ENDED 30 JULY 2020

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Grange Court, Leeds, United Kingdom, LS17 7TX.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied exclusive of Value Added Tax.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. DEBTORS

	2020	2019
	£	£
Trade debtors	510	–
	----	----

5. CREDITORS: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	774	–
Corporation tax	3,475	2,948
Other creditors	532	80
Amounts due to related companies	3,812	3,812
Other creditors	1,100	–
	-------	-------
	9,693	6,840
	-------	-------