REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st March 2017 |
for |
SILVER CENTRE (UK) LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st March 2017 |
for |
SILVER CENTRE (UK) LIMITED |
SILVER CENTRE (UK) LIMITED (REGISTERED NUMBER: 05661369) |
Contents of the Financial Statements |
for the Year Ended 31st March 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SILVER CENTRE (UK) LIMITED |
Company Information |
for the Year Ended 31st March 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SILVER CENTRE (UK) LIMITED (REGISTERED NUMBER: 05661369) |
Balance Sheet |
31st March 2017 |
31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
SILVER CENTRE (UK) LIMITED (REGISTERED NUMBER: 05661369) |
Notes to the Financial Statements |
for the Year Ended 31st March 2017 |
1. | STATUTORY INFORMATION |
Silver Centre (UK) 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 |
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with |
FRS 102 Section 1A for small entities. The date of transition is 1 April 2015. |
The transition to FRS 102 Section 1A for small entities has resulted in no changes in accounting policies and no |
reclassification adjustments. |
Preparation of consolidated financial statements |
The financial statements contain information about Silver Centre (UK) Limited 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 |
Fixtures and fittings | - |
Motor vehicles | - |
Office equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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. |
Cash at bank and in hand |
Cash and cash equivalents includes cash in hand, deposits held with banks and bank overdrafts. Bank |
overdrafts, when applicable, are shown within borrowings in current liabilities. |
Basic financial liabilities |
Basic financial liabilities, including trade creditors, are initially recognised at transaction price unless the |
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of |
the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one |
year are not amortised. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
SILVER CENTRE (UK) LIMITED (REGISTERED NUMBER: 05661369) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2017 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Office |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st April 2016 |
and 31st March 2017 |
DEPRECIATION |
At 1st April 2016 |
Charge for year |
At 31st March 2017 |
NET BOOK VALUE |
At 31st March 2017 |
At 31st March 2016 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
Other debtors | 7,743 | 2,680 |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Accrued expenses |
7. | RELATED PARTY DISCLOSURES |
PWS (Macao commercial offshore)Ltd |
Throughout the year Silver Centre (UK) Ltd has purchased goods from the above company totalling £347,627. |
The amount owed to PWS (Macao Commercial Offshore) Ltd at 31 March 2017 is £1,563,121 (2016 |
£1,364,516) |