Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31false2023-08-01No description of principal activity4344truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00984547 2023-08-01 2024-07-31 00984547 2022-08-01 2023-07-31 00984547 2024-07-31 00984547 2023-07-31 00984547 c:CompanySecretary1 2023-08-01 2024-07-31 00984547 c:Director1 2023-08-01 2024-07-31 00984547 c:Director2 2023-08-01 2024-07-31 00984547 c:Director3 2023-08-01 2024-07-31 00984547 c:RegisteredOffice 2023-08-01 2024-07-31 00984547 d:Buildings d:LongLeaseholdAssets 2023-08-01 2024-07-31 00984547 d:Buildings d:LongLeaseholdAssets 2024-07-31 00984547 d:Buildings d:LongLeaseholdAssets 2023-07-31 00984547 d:PlantMachinery 2023-08-01 2024-07-31 00984547 d:PlantMachinery 2024-07-31 00984547 d:PlantMachinery 2023-07-31 00984547 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 00984547 d:MotorVehicles 2023-08-01 2024-07-31 00984547 d:MotorVehicles 2024-07-31 00984547 d:MotorVehicles 2023-07-31 00984547 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 00984547 d:FurnitureFittings 2023-08-01 2024-07-31 00984547 d:FurnitureFittings 2024-07-31 00984547 d:FurnitureFittings 2023-07-31 00984547 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 00984547 d:ComputerEquipment 2023-08-01 2024-07-31 00984547 d:ComputerEquipment 2024-07-31 00984547 d:ComputerEquipment 2023-07-31 00984547 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 00984547 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 00984547 d:CurrentFinancialInstruments 2024-07-31 00984547 d:CurrentFinancialInstruments 2023-07-31 00984547 d:Non-currentFinancialInstruments 2024-07-31 00984547 d:Non-currentFinancialInstruments 2023-07-31 00984547 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 00984547 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 00984547 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 00984547 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 00984547 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 00984547 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 00984547 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 00984547 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 00984547 d:ShareCapital 2024-07-31 00984547 d:ShareCapital 2023-07-31 00984547 d:RetainedEarningsAccumulatedLosses 2024-07-31 00984547 d:RetainedEarningsAccumulatedLosses 2023-07-31 00984547 c:FRS102 2023-08-01 2024-07-31 00984547 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 00984547 c:FullAccounts 2023-08-01 2024-07-31 00984547 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 00984547 d:HirePurchaseContracts d:WithinOneYear 2024-07-31 00984547 d:HirePurchaseContracts d:WithinOneYear 2023-07-31 00984547 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-07-31 00984547 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-07-31 00984547 2 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Company registration number: 00984547







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024


W G SILVERTON & CO LIMITED






































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W G SILVERTON & CO LIMITED
 


 
COMPANY INFORMATION


Directors
D J Greenhow 
P W Webb 
A J Webb 




Company secretary
C Webb



Registered number
00984547



Registered office
Silverton Mews Meeting House Lane
Church Street

Baldock

Hertfordshire

SG7 5BP




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

Herts

SG1 3QP





 


W G SILVERTON & CO LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


W G SILVERTON & CO LIMITED
REGISTERED NUMBER:00984547



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
57,872
40,900

  
57,872
40,900

Current assets
  

Stocks
  
526,805
523,051

Debtors: amounts falling due within one year
 4 
2,552,553
2,880,126

Cash at bank and in hand
  
1,896,834
381,064

  
4,976,192
3,784,241

Creditors: amounts falling due within one year
 5 
(3,055,668)
(2,446,890)

Net current assets
  
 
 
1,920,524
 
 
1,337,351

Total assets less current liabilities
  
1,978,396
1,378,251

Creditors: Amounts Falling Due After More Than One Year
 6 
(60,633)
(103,976)

Provisions for liabilities
  

Deferred tax
  
(12,786)
(8,174)

  
 
 
(12,786)
 
 
(8,174)

Net assets
  
1,904,977
1,266,101


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,903,977
1,265,101

  
1,904,977
1,266,101


Page 1

 


W G SILVERTON & CO LIMITED
REGISTERED NUMBER:00984547


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P W Webb
Director

Date: 17 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


W G SILVERTON & CO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


W G SILVERTON & CO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

 
1.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
1.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance basis..

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
Straight line
Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
10%
Reducing balance
Computer equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


W G SILVERTON & CO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

 
1.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
1.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
1.10

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


2.


Employees

The average monthly number of employees, including directors, during the year was 43 (2023 - 44).


3.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 August 2023
23,891
81,989
116,148
57,135
861


Additions
-
2,573
27,006
3,384
643



At 31 July 2024

23,891
84,562
143,154
60,519
1,504



Depreciation


At 1 August 2023
16,722
79,189
92,526
50,208
479


Charge for the year on owned assets
2,389
1,052
12,095
886
212



At 31 July 2024

19,111
80,241
104,621
51,094
691
Page 5

 


W G SILVERTON & CO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

           3.Tangible fixed assets (continued)




Net book value



At 31 July 2024
4,780
4,321
38,533
9,425
813



At 31 July 2023
7,169
2,800
23,622
6,927
382

Total

£



Cost or valuation


At 1 August 2023
280,024


Additions
33,606



At 31 July 2024

313,630



Depreciation


At 1 August 2023
239,124


Charge for the year on owned assets
16,634



At 31 July 2024

255,758



Net book value



At 31 July 2024
57,872



At 31 July 2023
40,900


4.


Debtors

2024
2023
£
£


Trade debtors
2,552,553
2,880,126

2,552,553
2,880,126


Page 6

 


W G SILVERTON & CO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
49,999
49,999

Trade creditors
945,103
1,084,121

Corporation tax
208,721
7,194

Other taxation and social security
962,533
417,204

Obligations under finance lease and hire purchase contracts
12,878
3,750

Other creditors
19,607
881,872

Accruals and deferred income
856,827
2,750

3,055,668
2,446,890



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
45,836
95,835

Net obligations under finance leases and hire purchase contracts
14,797
8,141

60,633
103,976


The following liabilities were secured:

2024
2023
£
£



Other creditors
-
864,344

-
864,344





Page 7

 


W G SILVERTON & CO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
49,999
49,999


49,999
49,999

Amounts falling due 1-2 years

Bank loans
45,836
49,990


45,836
49,990

Amounts falling due 2-5 years

Bank loans
-
45,845


-
45,845


95,835
145,834



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
12,856
3,750

Between 1-5 years
14,819
8,141

27,675
11,891


9.


Transactions with directors

At the balance sheet date the company owed £8,995 (2023: £8,995) to the directors. The balance can be found within creditors due within one year. No interest is being charged on this loan

 
Page 8