Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mr N Laity 25/01/2018 Ms L Silver 22/09/2017 20 February 2025 The principal activity of the Company during the financial year was the making and selling of jewellery and running of a car park. 10977562 2024-09-30 10977562 bus:Director1 2024-09-30 10977562 bus:Director2 2024-09-30 10977562 2023-09-30 10977562 core:CurrentFinancialInstruments 2024-09-30 10977562 core:CurrentFinancialInstruments 2023-09-30 10977562 core:ShareCapital 2024-09-30 10977562 core:ShareCapital 2023-09-30 10977562 core:SharePremium 2024-09-30 10977562 core:SharePremium 2023-09-30 10977562 core:CapitalRedemptionReserve 2024-09-30 10977562 core:CapitalRedemptionReserve 2023-09-30 10977562 core:RetainedEarningsAccumulatedLosses 2024-09-30 10977562 core:RetainedEarningsAccumulatedLosses 2023-09-30 10977562 core:LandBuildings 2023-09-30 10977562 core:FurnitureFittings 2023-09-30 10977562 core:LandBuildings 2024-09-30 10977562 core:FurnitureFittings 2024-09-30 10977562 bus:OrdinaryShareClass1 2024-09-30 10977562 2023-10-01 2024-09-30 10977562 bus:FilletedAccounts 2023-10-01 2024-09-30 10977562 bus:SmallEntities 2023-10-01 2024-09-30 10977562 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10977562 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10977562 bus:Director1 2023-10-01 2024-09-30 10977562 bus:Director2 2023-10-01 2024-09-30 10977562 core:FurnitureFittings 2023-10-01 2024-09-30 10977562 2022-10-01 2023-09-30 10977562 core:LandBuildings 2023-10-01 2024-09-30 10977562 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 10977562 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10977562 (England and Wales)

ST IVES SCHOOL OF GLASS BEAD MAKING LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

ST IVES SCHOOL OF GLASS BEAD MAKING LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

ST IVES SCHOOL OF GLASS BEAD MAKING LIMITED

BALANCE SHEET

As at 30 September 2024
ST IVES SCHOOL OF GLASS BEAD MAKING LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 155,196 155,289
155,196 155,289
Current assets
Stocks 4 1,025 990
Debtors 5 208 495
Cash at bank and in hand 2,002 397
3,235 1,882
Creditors: amounts falling due within one year 6 ( 29,725) ( 28,180)
Net current liabilities (26,490) (26,298)
Total assets less current liabilities 128,706 128,991
Provision for liabilities ( 93) ( 115)
Net assets 128,613 128,876
Capital and reserves
Called-up share capital 7 60 60
Share premium account 150,937 150,937
Capital redemption reserve 70 70
Profit and loss account ( 22,454 ) ( 22,191 )
Total shareholders' funds 128,613 128,876

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of St Ives School of Glass Bead Making Limited (registered number: 10977562) were approved and authorised for issue by the Board of Directors on 20 February 2025. They were signed on its behalf by:

Ms L Silver
Director
ST IVES SCHOOL OF GLASS BEAD MAKING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
ST IVES SCHOOL OF GLASS BEAD MAKING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

St Ives School of Glass Bead Making Limited is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of workshops and the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 October 2023 154,827 1,562 156,389
At 30 September 2024 154,827 1,562 156,389
Accumulated depreciation
At 01 October 2023 0 1,100 1,100
Charge for the financial year 0 93 93
At 30 September 2024 0 1,193 1,193
Net book value
At 30 September 2024 154,827 369 155,196
At 30 September 2023 154,827 462 155,289

4. Stocks

2024 2023
£ £
Stocks 1,025 990

5. Debtors

2024 2023
£ £
Trade debtors 0 288
Other debtors 208 207
208 495

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 27,945 26,560
Accruals 1,680 1,520
Other creditors 100 100
29,725 28,180

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
60 A ordinary shares of £ 1.00 each 60 60