Company Registration No. 10433219 (England and Wales)
SILK PLASTER UK LTD
Unaudited accounts
for the year ended 31 October 2022
SILK PLASTER UK LTD
Unaudited accounts
Contents
SILK PLASTER UK LTD
Company Information
for the year ended 31 October 2022
Company Number
10433219 (England and Wales)
Registered Office
Unit 5, Cardinal Close
Newport Business Park
Lincoln
Lincolnshire
LN2 4SY
UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
SILK PLASTER UK LTD
Statement of financial position
as at 31 October 2022
Tangible assets
3,211
4,013
Creditors: amounts falling due within one year
(42,589)
(14,635)
Net current (liabilities)/assets
(9,096)
25,623
Total assets less current liabilities
(5,885)
29,636
Creditors: amounts falling due after more than one year
(25,736)
(33,485)
Provisions for liabilities
Net liabilities
(31,621)
(5,967)
Called up share capital
1
1
Profit and loss account
(31,622)
(5,968)
Shareholders' funds
(31,621)
(5,967)
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 July 2023 and were signed on its behalf by
Vadim Prosekov
Director
Company Registration No. 10433219
SILK PLASTER UK LTD
Notes to the Accounts
for the year ended 31 October 2022
SILK PLASTER UK LTD is a private company, limited by shares, registered in England and Wales, registration number 10433219. The registered office is Unit 5, Cardinal Close, Newport Business Park, Lincoln, Lincolnshire, LN2 4SY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
SILK PLASTER UK LTD
Notes to the Accounts
for the year ended 31 October 2022
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2021
2,500
2,190
2,316
7,006
At 31 October 2022
2,500
2,190
2,316
7,006
At 1 November 2021
500
1,209
1,284
2,993
Charge for the year
400
196
206
802
At 31 October 2022
900
1,405
1,490
3,795
At 31 October 2022
1,600
785
826
3,211
At 31 October 2021
2,000
981
1,032
4,013
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
31,863
12,457
Taxes and social security
688
1,357
Loans from directors
5,140
-
7
Creditors: amounts falling due after more than one year
2022
2021
Taxes and social security
1,357
-
A bounce back loan of £45,000 repayable over a 5 year term.
Yr 2. through to Yr 4. £25,736
Yr 2. £9,000 + interest
Yr 3. £9,000 + interest
Yr 4. £7,736 + interest
SILK PLASTER UK LTD
Notes to the Accounts
for the year ended 31 October 2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 3 (2021: 3).
