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SILVERPOINT OUTDOOR LIMITED

Registered Number
06207537
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

SILVERPOINT OUTDOOR LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

AHLEN, Eva-Marie
KAMPHAUSEN, Stephan Johannes

Company Secretary

AHLEN, Eva-Marie

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

06207537 (England and Wales)
SILVERPOINT OUTDOOR LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets334,83345,833
Tangible assets42,3733,164
37,20648,997
Current assets
Stocks5106,405113,188
Debtors632,42345,197
Cash at bank and on hand47,50331,595
186,331189,980
Creditors amounts falling due within one year7(45,709)(38,334)
Net current assets (liabilities)140,622151,646
Total assets less current liabilities177,828200,643
Creditors amounts falling due after one year8(154,689)(199,784)
Provisions for liabilities9(451)(601)
Net assets22,688258
Capital and reserves
Called up share capital22
Profit and loss account22,686256
Shareholders' funds22,688258
The financial statements were approved and authorised for issue by the Board of Directors on 19 December 2024, and are signed on its behalf by:
KAMPHAUSEN, Stephan Johannes
Director
Registered Company No. 06207537
SILVERPOINT OUTDOOR LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Fixtures, fittings & equipment - 25% on reducing balance

Reducing balance (%)
Fixtures and fittings25
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 May 23220,000220,000
At 30 April 24220,000220,000
Amortisation and impairment
At 01 May 23174,167174,167
Charge for year11,00011,000
At 30 April 24185,167185,167
Net book value
At 30 April 2434,83334,833
At 30 April 2345,83345,833
4.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 May 2314,14814,148
At 30 April 2414,14814,148
Depreciation and impairment
At 01 May 2310,98410,984
Charge for year791791
At 30 April 2411,77511,775
Net book value
At 30 April 242,3732,373
At 30 April 233,1643,164
5.Stocks

2024

2023

££
Finished goods106,405113,188
Total106,405113,188
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables32,42345,077
Other debtors-120
Total32,42345,197
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,4498
Bank borrowings and overdrafts10,2219,973
Taxation and social security23,66426,303
Accrued liabilities and deferred income2,3752,050
Total45,70938,334
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,54021,598
Other creditors144,149178,186
Total154,689199,784
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)451601
Total451601
10.Related party transactions
At the balance sheet date the company owed £144,149 (2023 - £178,187) to the directors, which is an interest free loan repayable over one year. During the year a dividend of £Nil (2023 - £20,000) was paid to the directors.