1 February 2023 false No description of principal activity Taxfiler 2024.5 11147642business:PrivateLimitedCompanyLtd2023-02-012024-01-31 111476422023-01-31 111476422023-02-012024-01-31 11147642business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 11147642business:FilletedAccounts2023-02-012024-01-31 111476422024-01-31 11147642business:Director12023-02-012024-01-31 11147642business:RegisteredOffice2023-02-012024-01-31 111476422023-01-31 11147642core:WithinOneYear2024-01-31 11147642core:WithinOneYear2023-01-31 11147642core:AfterOneYear2024-01-31 11147642core:AfterOneYear2023-01-31 11147642core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 11147642core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 11147642core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 11147642core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 11147642core:PreviouslyStatedAmount2024-01-31 11147642core:PreviouslyStatedAmount2023-01-31 11147642business:SmallEntities2023-02-012024-01-31 11147642countries:EnglandWales2023-02-012024-01-31 11147642core:LandBuildings2023-02-012024-01-31 11147642core:FurnitureFittings2023-02-012024-01-31 11147642core:ComputerEquipment2023-02-012024-01-31 11147642core:LandBuildings2023-01-31 11147642core:FurnitureFittings2023-01-31 11147642core:ComputerEquipment2023-01-31 11147642core:LandBuildings2024-01-31 11147642core:FurnitureFittings2024-01-31 11147642core:ComputerEquipment2024-01-31 111476422022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 11147642 (England and Wales)
SILVERFOX RECORDS LTD Unaudited accounts for the year ended 31 January 2024
SILVERFOX RECORDS LTD Unaudited accounts Contents
Page
- 2 -
SILVERFOX RECORDS LTD Company Information for the year ended 31 January 2024
Director
MR.A.PIERCE
Company Number
11147642 (England and Wales)
Registered Office
OLIO VILLA , OLIO LANE ST LUKES ROAD CHELTENHAM GLOS GL53 7JG ENGLAND
- 3 -
SILVERFOX RECORDS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
344,536 
342,986 
Current assets
Inventories
140,500 
76,100 
Cash at bank and in hand
73,398 
119,943 
213,898 
196,043 
Creditors: amounts falling due within one year
(24,777)
(35,661)
Net current assets
189,121 
160,382 
Total assets less current liabilities
533,657 
503,368 
Creditors: amounts falling due after more than one year
(131,000)
(131,000)
Net assets
402,657 
372,368 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
402,656 
372,367 
Shareholders' funds
402,657 
372,368 
For the year ending 31 January 2024 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.
The financial statements were approved by the Board and authorised for issue on 18 June 2024 and were signed on its behalf by
MR.A.PIERCE Director Company Registration No. 11147642
- 4 -
SILVERFOX RECORDS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
SILVERFOX RECORDS LTD is a private company, limited by shares, registered in England and Wales, registration number 11147642. The registered office is OLIO VILLA , OLIO LANE, ST LUKES ROAD, CHELTENHAM, GLOS, GL53 7JG, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
No depreciation charged
Fixtures & fittings
25% per annum on Cost
Computer equipment
25% per annum on Cost
Turnover
Sales are stated excluding discounts and value added tax
- 5 -
SILVERFOX RECORDS LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
341,060 
1,450 
476 
342,986 
Additions
- 
1,550 
- 
1,550 
At 31 January 2024
341,060 
3,000 
476 
344,536 
Depreciation
At 31 January 2024
- 
- 
- 
- 
Net book value
At 31 January 2024
341,060 
3,000 
476 
344,536 
At 31 January 2023
341,060 
1,450 
476 
342,986 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
140,500 
76,100 
140,500 
76,100 
Stock is valued at the lower of cost or net realisable value
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,285 
7,893 
Trade creditors
3,553 
550 
Taxes and social security
15,939 
27,218 
24,777 
35,661 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
131,000 
131,000 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -