Company Registration No. 10433219 (England and Wales)
SILK PLASTER UK LTD
Unaudited accounts
for the year ended 31 October 2018
SILK PLASTER UK LTD
Unaudited accounts
Contents
SILK PLASTER UK LTD
Company Information
for the year ended 31 October 2018
Company Number
10433219 (England and Wales)
Registered Office
56 Roman Pavement
Lincoln
LN2 5RD
UNITED KINGDOM
Accountants
M. D. Darby ACPA, CPAA, FIAB, ACCA/CertIFR, IFRS, IPSAS, IA
Alchemy AAA Certified Public Accountants
Big Barn, East Farm, Atterby,
Market Rasen
Lincolnshire
LN8 2BJ
SILK PLASTER UK LTD
Statement of financial position
as at 31 October 2018
Tangible assets
1,027
1,284
Cash at bank and in hand
723
1,034
Creditors: amounts falling due within one year
(28,520)
(17,815)
Net current liabilities
(3,797)
(6,781)
Total assets less current liabilities
(2,770)
(5,497)
Provisions for liabilities
Net liabilities
(3,337)
(5,497)
Called up share capital
1
1
Profit and loss account
(3,338)
(5,498)
Shareholders' funds
(3,337)
(5,497)
For the year ending 31 October 2018 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.
Approved by the Board on 11 December 2018.
Vadim Prosekov
Director
Company Registration No. 10433219
SILK PLASTER UK LTD
Notes to the Accounts
for the year ended 31 October 2018
SILK PLASTER UK LTD is a private company, limited by shares, registered in England and Wales, registration number 10433219. The registered office is 56 Roman Pavement, Lincoln, LN2 5RD, 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 2018
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2017
760
843
1,603
At 31 October 2018
760
843
1,603
At 1 November 2017
151
168
319
Charge for the year
122
135
257
At 31 October 2018
273
303
576
At 31 October 2018
487
540
1,027
At 31 October 2017
609
675
1,284
Raw materials
24,000
10,000
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
2,394
1,276
Loans from directors
18,676
16,089
7
Deferred taxation
2018
2017
Accelerated capital allowances
567
-
Charged to the profit and loss account
567
-
Provision at end of year
567
-
Prior years tax losses brought forward: £6,782 less current years taxable profits £2,984
Losses carried forward £3,798
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
SILK PLASTER UK LTD
Notes to the Accounts
for the year ended 31 October 2018
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured Loan to the Company
16,089
2,587
-
18,676
The director is continuing the support for the company, and will not withdrawn funds until positive cash flow is achieved.
10
Average number of employees
During the year the average number of employees was 0 (2017: 0).
