Silvert Service Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06906994 (England and Wales)

Silvert Service Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

Report of the Accountants

5

DIRECTORS:

Dr B D Silvert

J A Silvert

REGISTERED OFFICE:

Wroxton Business Centre

Welton Road

Braunston

Daventry

Northamptonshire

NN11 7JG

REGISTERED NUMBER:

06906994 (England and Wales)

ACCOUNTANTS:

Astute Services Ltd

4 Daventry Road

Dunchurch

Warwickshire

CV22 6NS

FIXED ASSETS

Tangible assets

4

3,758

3,894

CURRENT ASSETS

Stocks

7,000

36,294

Debtors

5

14,130

30,200

Cash at bank

7,839

1,363

28,969

67,857

CREDITORS

Amounts falling due within one year

6

30,703

66,505

NET CURRENT (LIABILITIES)/ASSETS

(1,734

)

1,352

TOTAL ASSETS LESS CURRENT LIABILITIES

2,024

5,246

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

2,023

5,245

SHAREHOLDERS' FUNDS

2,024

5,246

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

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

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 on 28 February 2018 and were signed on its behalf by:

J A Silvert - Director

1.	STATUTORY INFORMATION

Silvert Service 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 cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

23,077

Additions

2,069

At 31 May 2017

25,146

DEPRECIATION

At 1 June 2016

19,183

Charge for year

2,205

At 31 May 2017

21,388

NET BOOK VALUE

At 31 May 2017

3,758

At 31 May 2016

3,894

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/17

31/5/16

£

£

Trade debtors

14,130

30,200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/17

31/5/16

£

£

Trade creditors

-

2,380

Taxation and social security

7,082

16,082

Other creditors

23,621

48,043

30,703

66,505

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/17

31/5/16

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 June 2016

5,245

Profit for the year

21,778

Dividends

(25,000

)

At 31 May 2017

2,023

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2016 - £55,000) were paid to the directors .

Included in other creditors is an amount owed to Mr J Silvert (director) of £22,075 (2016: £46,537). The loan is

interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J A Silvert.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2017 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Astute Services Ltd

4 Daventry Road

Dunchurch

Warwickshire

CV22 6NS

Date: .............................................