Silver Lining Actuarial Models Ltd - Limited company accounts 17.3

REGISTERED NUMBER: 07623268 (England and Wales)

SILVER LINING ACTUARIAL MODELS LTD

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 March 2017

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

P B Hopkins

REGISTERED OFFICE:

Hutchins Cottage

Horley Row

Horley

Surrey

RH6 8DF

REGISTERED NUMBER:

07623268 (England and Wales)

ACCOUNTANTS:

The Bailey Partnership

Chartered Accountants

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

The director presents his report with the financial statements of the company for the year ended 31 March 2017.

DIRECTOR

P B Hopkins held office during the whole of the period from 1 April 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

P B Hopkins - Director

22 December 2017

TURNOVER

68,870

45,580

Administrative expenses

20,458

17,177

OPERATING PROFIT and

PROFIT BEFORE TAXATION

4

48,412

28,403

Tax on profit

9,431

5,664

PROFIT FOR THE FINANCIAL YEAR

38,981

22,739

FIXED ASSETS

Tangible assets

5

2,385

1,076

Investments

6

500

-

2,885

1,076

CURRENT ASSETS

Debtors

7

982

37,813

Cash at bank

14,840

11,402

15,822

49,215

CREDITORS

Amounts falling due within one year

8

17,779

7,344

NET CURRENT (LIABILITIES)/ASSETS

(1,957

)

41,871

TOTAL ASSETS LESS CURRENT
LIABILITIES

928

42,947

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

918

42,937

SHAREHOLDERS' FUNDS

928

42,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 December 2017 and were signed by:

P B Hopkins - Director

1.	STATUTORY INFORMATION

Silver Lining Actuarial Models 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 etc

-

25% on reducing balance

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 monthly number of employees during the year was 2 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2017

2016

£

Depreciation - owned assets

796

359

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

2,554

Additions

2,105

At 31 March 2017

4,659

DEPRECIATION

At 1 April 2016

1,478

Charge for year

796

At 31 March 2017

2,274

NET BOOK VALUE

At 31 March 2017

2,385

At 31 March 2016

1,076

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

500

At 31 March 2017

500

NET BOOK VALUE

At 31 March 2017

500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Other debtors

982

37,813

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Taxation and social security

16,639

5,664

Other creditors

1,140

1,680

17,779

7,344