Silverjump Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04727528 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2023

for

Silverjump Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S J Lelliott

Mr P M Lelliott

SECRETARY:

Mr P M Lelliott

REGISTERED OFFICE:

Lewis House

Great Chesterford Court

Great Chesterford

Essex

CB10 1PF

BUSINESS ADDRESS:

Field Place

Snitterfield

Stratford upon Avon

CV37 0LF

REGISTERED NUMBER:

04727528 (England and Wales)

FIXED ASSETS

Tangible assets

5

2,484

2,117

CURRENT ASSETS

Debtors

6

4,885

4,672

Cash at bank

38,942

13,527

43,827

18,199

CREDITORS

Amounts falling due within one year

7

42,114

19,910

NET CURRENT ASSETS/(LIABILITIES)

1,713

(1,711

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,197

406

PROVISIONS FOR LIABILITIES

472

402

NET ASSETS

3,725

4

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,723

2

SHAREHOLDERS' FUNDS

3,725

4

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 7 February 2024 and were signed on its behalf by:

Mrs S J Lelliott - Director

Mr P M Lelliott - Director

1.	STATUTORY INFORMATION

Silverjump 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised 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.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2022

4,338

Additions

1,198

At 30 June 2023

5,536

DEPRECIATION

At 1 July 2022

2,221

Charge for year

831

At 30 June 2023

3,052

NET BOOK VALUE

At 30 June 2023

2,484

At 30 June 2022

2,117

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

213

-

Other debtors

4,672

4,672

4,885

4,672

Included within other debtors disclosed above is a balance of £4,672 (2022 - £4,672) in relation to accrued income and prepaid expenses.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

4,299

2,027

Other creditors

37,815

17,883

42,114

19,910

Included within other creditors disclosed above is a balance of £250 (2022 - £250) in relation to accrued expenses and a balance of £37,565 (2022 - £17,633) in relation to the Directors' loan accounts.