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REGISTERED NUMBER: 05661369 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2013

for

SILVER CENTRE (UK) LTD

SILVER CENTRE (UK) LTD (REGISTERED NUMBER: 05661369)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

SILVER CENTRE (UK) LTD

Company Information
for the Year Ended 31 March 2013







DIRECTOR: C K Tung





SECRETARY: S Tsang





REGISTERED OFFICE: Unit 8, Cuerden Green Estate
Sherdley Road
Lostock Hall
Preston
Lancashire
PR5 5LP





REGISTERED NUMBER: 05661369 (England and Wales)





ACCOUNTANTS: Abrams Ashton
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

SILVER CENTRE (UK) LTD (REGISTERED NUMBER: 05661369)

Abbreviated Balance Sheet
31 March 2013

31.3.13 31.3.12
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 15,864 16,820
Investments 3 - 8,163
15,864 24,983

CURRENT ASSETS
Stocks 374,863 271,033
Debtors 372,048 712,789
Cash at bank and in hand 87,193 78,555
834,104 1,062,377
CREDITORS
Amounts falling due within one year 1,720,741 1,612,555
NET CURRENT LIABILITIES (886,637 ) (550,178 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(870,773
)
(525,195
)

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account (870,774 ) (525,196 )
SHAREHOLDERS' FUNDS (870,773 ) (525,195 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 10 October 2013 and were signed by:




C K Tung - Director


SILVER CENTRE (UK) LTD (REGISTERED NUMBER: 05661369)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2013

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements
The financial statements contain information about Silver Centre (UK) Ltd as an individual company and do not
contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover is the value of services, net of value added tax, provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Foreign currencies
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.

Going concern
The accounts are prepared on a going concern basis, on the understanding of the continued support of the parent
company.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2012 45,049
Additions 4,145
At 31 March 2013 49,194
DEPRECIATION
At 1 April 2012 28,229
Charge for year 5,101
At 31 March 2013 33,330
NET BOOK VALUE
At 31 March 2013 15,864
At 31 March 2012 16,820

SILVER CENTRE (UK) LTD (REGISTERED NUMBER: 05661369)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2013

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2012 8,163
Disposals (8,163 )
At 31 March 2013 -
NET BOOK VALUE
At 31 March 2013 -
At 31 March 2012 8,163

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.13 31.3.12
value: £    £   
1 Ordinary £1 1 1