Silvarious Limited - Accounts to registrar (filleted) - small 18.2
Silvarious Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 March 2018 |
| for |
| Silvarious Limited |
| Silvarious Limited (Registered number: 06529672) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Silvarious Limited |
| Company Information |
| for the Year Ended 31 March 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| The Mills |
| Canal Street |
| Derby |
| DE1 2RJ |
| Silvarious Limited (Registered number: 06529672) |
| Balance Sheet |
| 31 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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. |
| Silvarious Limited (Registered number: 06529672) |
| Balance Sheet - continued |
| 31 March 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the director on |
| Silvarious Limited (Registered number: 06529672) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| Silvarious Limited is a |
| 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 |
| Turnover |
| Turnover represents the amounts (excluding value added tax) derived from the provision of goods to |
| customers during the year. Turnover is recognised when the company has transferred the significant |
| risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed |
| upon payment. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being |
| amortised evenly over its estimated remaining useful life of 3 years, from 1 April 2015. |
| Tangible fixed assets |
| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated |
| impairment loss. Historical cost includes expenditure that is directly attributable to bringing the asset to |
| the location and condition necessary for it to be capable of operating in the manner intended by |
| management. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated |
| useful life or, if held under a finance lease, over the lease term, whichever is the shorter: |
| Short leasehold - 10% on cost |
| Freehold property - 2% on cost |
| Plant and machinery - 25% on cost |
| Fixtures and fittings - 25% on cost |
| Motor Vehicles - 25% on reducing balance |
| Computer equipment - 33% on cost |
| The assets' residual values, useful lives and the depreciation methods are reviewed, and adjusted |
| prospectively if appropriate, or if there is an indication of a significant change since the last reporting |
| date. |
| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount |
| and are recognised within 'administrative expenses' in the profit and loss account. |
| Deferred tax |
| Provision is made at current rates for taxation deferred in respect of all material timing differences. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Silvarious Limited (Registered number: 06529672) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 April 2017 |
| and 31 March 2018 |
| AMORTISATION |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold | Short | Plant and |
| property | leasehold | machinery |
| £ | £ | £ |
| COST |
| At 1 April 2017 |
| Additions |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| Silvarious Limited (Registered number: 06529672) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2017 |
| Additions |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Director's current account | 204,248 | 224,381 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans 1 - 5 years | 353,913 | 113,574 |
| Bank loans over 5 years |
| Hire purchase contracts |
| Silvarious Limited (Registered number: 06529672) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 2018 | 2017 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans over 5 years | 134,710 | 385,170 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 7,463 | 13,318 |
| Bank loans are secured on freehold property. Hire purchase liabilities are secured on the assets to |
| which they relate. |