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REGISTERED NUMBER: 01395770 (England and Wales)















Financial Statements

for the Year Ended 30 June 2024

for

EMR SILVERTHORN LIMITED

EMR SILVERTHORN LIMITED (REGISTERED NUMBER: 01395770)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EMR SILVERTHORN LIMITED

Company Information
for the year ended 30 June 2024







Directors: Mr A Grant
Mr D T Ringrose





Registered office: Unit 1
Manor House Business Park
97 Manor Farm Road
Wembley
Middlesex
HA0 1BN





Registered number: 01395770 (England and Wales)





Accountants: Duncan & Toplis Limited
3rd Floor, Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

EMR SILVERTHORN LIMITED (REGISTERED NUMBER: 01395770)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 75,627 35,417
Investment property 5 520,000 520,000
595,627 555,417

Current assets
Stocks 89,759 85,003
Debtors 6 707,054 773,621
Cash at bank and in hand 69,817 62,339
866,630 920,963
Creditors
Amounts falling due within one year 7 689,153 891,180
Net current assets 177,477 29,783
Total assets less current liabilities 773,104 585,200

Creditors
Amounts falling due after more than one year 8 (357,570 ) (444,338 )

Provisions for liabilities (25,058 ) (14,678 )
Net assets 390,476 126,184

Capital and reserves
Called up share capital 10 100 100
Fair value reserve 105,591 105,591
Retained earnings 284,785 20,493
Shareholders' funds 390,476 126,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EMR SILVERTHORN LIMITED (REGISTERED NUMBER: 01395770)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Mr A Grant - Director


EMR SILVERTHORN LIMITED (REGISTERED NUMBER: 01395770)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

EMR Silverthorn Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

There is estimation uncertainty in calculating stock provision. A full line by line review of stock is carried out at the end of each month. Whilst every attempt is made to ensure that the stock provision is as accurate as possible, there remains a risk that the provision does not match the level of stock which ultimately prove to be obsolete.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

EMR SILVERTHORN LIMITED (REGISTERED NUMBER: 01395770)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and compromise cash in hand and at bank which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. As equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 16 (2023 - 18 ) .

EMR SILVERTHORN LIMITED (REGISTERED NUMBER: 01395770)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 July 2023 155,458 60,811 216,269
Additions 53,556 - 53,556
At 30 June 2024 209,014 60,811 269,825
Depreciation
At 1 July 2023 124,295 56,557 180,852
Charge for year 12,707 639 13,346
At 30 June 2024 137,002 57,196 194,198
Net book value
At 30 June 2024 72,012 3,615 75,627
At 30 June 2023 31,163 4,254 35,417

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£
Cost
At 1 July 2023 44,644
Additions 42,767
At 30 June 2024 87,411
Depreciation
At 1 July 2023 26,504
Charge for year 9,136
At 30 June 2024 35,640
Net book value
At 30 June 2024 51,771
At 30 June 2023 18,140

5. Investment property
Total
£
Fair value
At 1 July 2023
and 30 June 2024 520,000
Net book value
At 30 June 2024 520,000
At 30 June 2023 520,000

EMR SILVERTHORN LIMITED (REGISTERED NUMBER: 01395770)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


5. Investment property - continued

Fair value at 30 June 2024 is represented by:
£
Valuation in 2016 105,591
Cost 414,409
520,000

The investment property is held at fair value as per a valuation undertaken by the directors on 30 June 2024.

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 457,028 741,976
Amounts owed by group undertakings 31,695 23,695
Other debtors 218,331 7,950
707,054 773,621

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 91,848 69,917
Trade creditors 320,784 503,737
Taxation and social security 272,777 261,832
Other creditors 3,744 55,694
689,153 891,180

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 357,570 444,338

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 53,934 200,717

EMR SILVERTHORN LIMITED (REGISTERED NUMBER: 01395770)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


9. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 449,418 514,255

The bank loans are secured by a fixed charge over all leasehold and freehold property now or at any time in the future owned by the company and all intellectual property and interest in intellectual property rights now or at any time in the future owned by the company.

The hire purchase agreement is secured against the plant and machinery that it relates to.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100